EUR/CAD Elliot wave analysisThe 30min chart of EUR/CAD is currently in downtrend.
It has formed a full elliot wave as indicated in the chart.
As per our analysis,we expect the pair to go through ABC corrective wave.
EUXCAD trade ideas
BreakOut ahead?Will we see eurcad breaking the central resist at 1.5365?
Or is it a 4xBottom and a chance to fix it with puts?
Opinions?
EUR/CAD Technical analysisFrom our analysis, it seems the pair breakout from the resistance trend line & formed Doji in hourly pattern
so it is expected to come down
Gone for EURCAD short.
I thought CAD, is very strong in 4H and i placed short after some buy retraced in 4H and also say its in a channel its a plus point for me.
EUR CAD shortthe pair is on important resistance zone.
it's probably a bouncing until the major trendline
EURCAD retesting H&S broken necklineAfter breaking the H&S neckline it is retesting on Daily time frame with little support in curve trendline and daily candle looks like an inverted candle (Since few more hours to go) if we get inverted candle then the break of curve trendline will bring the pair down to next support zone. If we go down the time frame it has beautifully rejected the neckline.
EURCAD LongFX_IDC:EURCAD is moving lower to test its previous support at 1.44970.
Buy at 1.45000 for a target 1.45600. Since the previous level of 1.44800 has provided excellent support multiple times before on the 1h & 2h timeframes, maintain stop of 1.44800
EurCad BuyFirst we need to focus on EurCad daily chart .. here i can find that market breaks 0.236 Fib level which clears the path for next fib 1.4382.. Bingo so we meet with Third condition Take Profit 1.4380(2pip down from target)
4 Hour chart
My second chart
here i can see market is trying to creat a Crab gartley Pattern .. which have a target little bit upside .. which looks great as its give me more confidence that my target will be meet
So entry watching 5 mins candle entry done 1.4795 ( as previous fib 0.236 1.4795 is now a solid support ) stoploss 26 Points is fair enough for this trade as target is only 84 Points
EURCAD Reversal @ 61 FIBCheck different time frames it's part of a larger trend going up so this is just retracement of 61 which lands perfectly on a strong support.
