An inverse head and shoulder pattern in the 4-hour chart signals a trend reversal in the counter. However, the pair has not crossed its neckline as of yet. Hence, we advise traders to go long on the pair only after the breakout of neckline.
From the trendline, the pair made a strong impact move and then formed a corrective structure. With the completion of ABC waves, the pair is poised to kickstart its next bearish rally. Hence, we expect the pair to move to the support levels at 1.50379 and 1.49305.
Midterm forecast: While the price is above the support 1.4750, beginning of uptrend is expected. We make sure when the resistance at 1.5115 breaks. If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI bounced from the resistance #1 at 48 and it prevented price from more gains. A peak is...
EUR/CAD Has breached its critical support at 1.49128 It is currently re-tracing and retesting the broken support Hence, we expect the pair to re-treat downwards from here.
BUY @1.51241 TP - 1.52961 SL - 1.50940 **** AFTER REACHING THE TP **** SELL @1.52961 TP - 1.44000 SL - 1.53266
#3 Entered at the low of the doji formed under the green slanting resistance. Holding currently What an opportunity. :) Confluence 1: Broke the head and shoulder. confluence 2: Out of the triangle. Stay humble work hard stay blessed
EUR expect going to up as per our opinion.The Industrial Out-put Demonstrates the volume of Generation of Slovakian Businesses like Manufacturing and Factories . Uptrend is regarded. FOREX IN WORLD
EURCAD that's triagle pattern and bullish divergen on time frame D1. waitting for price is breaking out trend line.