EURCAD . 1hr . FXCM (20.07.2023)
market current situation is sell trend in 1 hour so i think market making double bottom so if market make double bottom then 75% chance market going to reverse trend means buy. zone to zone.
EURCAD 4 Hour Analysis (20 July 2023)
1. Price is in divergence with Stochastic
2. also, we can see the price with important
fib levels
3. If the price breaks 0.382 we can expect a
bullish move
4. If the price breaks 0.5 fib level we can expect
a bearish move
5. For a trend confirmation we can also
check the values from ADX or DMI
6. Though the...
FX:EURCAD
As you can see that (For MONDAY 17-07-2023), EURCAD has created Double top pattern in 15Min Time frame at the important resistance level. If it breaks the drawn neckline, we can go for sell side and capture some pips. Always go for retest entry to avoid fake Breakouts. Plan your trade accordingly....
After the breakout from the rectangle on the hourly charts the pair is now testing the support. Stops will be below the range or in this case in the middle of the range. Instead of using the target here we can just use the moving average to ride the trend for as long as possible on the hourly time frame. One can also use the ichimoku for the same
FX:EURCAD
As you can see that, EURCAD has formed Flag and pole pattern, and it is going to give a 3 touch point horizontal breakout. If the candle closes properly without wick in 5 min or in 15 min we can plan for buy side. Take retest entries.. Plan your trade accordingly...
EURCAD 4 Hour Analysis (28 June 2023)
1. Price is in strong supply area
2. We can see the price forming inside candle
3. Also, we can observe bearish stoch divergence
So, based on inside candle breakout we can
enter short trade, also if the inside canle is
breaking from upside, then we need to focus on
the supply area and to check if price crosses...
EURCAD 4 Hour Analysis (20 June 2023)
1. Price is in ascending channel
2. also, the current price is in consolidation
or range
3. we can see the Stochastic is in oversold
region and we can observe the divergence also
4. Possible scenario: if the channel and
consolidation breaks from downside,
we can enter short
or, with divergence and consolidation box...
EURCAD 4 Hour Analysis (7 Jun 2023)
1. Price is in Strong Demand area
2. We can see MACD and AO bullish
divergence
3. But if price breaks demand area,
we need to wait for entry
EURCAD 4 Hour Analysis (1 Jun 2023)
1. Price now is in Strong Demand Area
2. Bullish Divergence found in MACD and AO
3. Price expecting bullish, but if price
breaks KL2 will wait for bearish opportunities.
EURCAD Trading Ideas
1. we have two Key Levels, if price
breaks either side, we can open position
2. We can see divergence
from AO and MACD, so a bullish momentum
can be there, but we will wait for bullish KL
to break for this.
