Morning Godal Member's, Traders and Aspiring Traders . Todays shared post is a analysis on . Pair :EUR/CAD Time-Frame - D Biased - Bullish As personally identified , based on my allocated bearish daily trendline being broken and a new higher high being made . ill be waiting for a pull back for further upside once newly found support is tested and personal entry...
Price has been bearish for a couple of weeks now and we can now see a clear inverse H&S pattern formed on the 1h Tf. We are expecting a push to the upside upon seeing a divergence between price and RSI. price has also retraced to the 61.8% level of the current impulse. A lot of confluences for this trade to be a good one if not great. Good luck and even better RR...
Here is a chart of EURCAD. There were various opportunities available both short term and long term. Once you can identify chart patterns, you can easily anticipate where price will go next. A great chart pattern that I always use is flags - Bull Flags and Bear Flags. In the chart you can see that many times price impulsed and then created a flag and then carried...
Ranges are repeatable trading chart patterns. Ranges are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
Fibonnacci Confluence from the weekly swing and the daily swing are coming together at the 618 level. You cant really see it here as im traveling but I will show you on the computer over the weekend. The blue Fib and The Black Fib (I colored them blue and black) are coming together right where price has been rejecting on the daily time frame. Its still not...
I hope you enjoy this video. RSI can help with spotting fakeouts as well. ENJOY!
EURCAD Shark Harmonic Pattern explained. - This is a explanation video on how to identify the Shark Pattern along with the target points and stop loss - Targets range from 30-60 PIPS As always if you found this idea helpful, please let me know by hitting that like button and/or leaving me a comment below. Also feel free to share your opinion on this setup, or...
Another eurcad short for tutorial purposes only
See the details in the drawing (sorry will work on the graphs in the future :-) )
Dears, please, follow our instructions as mention on the chart. God know and take care. Good luck
EURCAD – Price might go higher from price action perspective and followind weak Cad Trend: Buy/ Neutral Support/Resistance: R3: 1.46639 R2: 1.46382 R1: 1.46122 S1: 1.45886 S2: 1.45558 Price action: Buyers might be confidant because of Canadian Dollar weakness. Fear might be seen if the price reach higher targets. But still for long term decision, we need...
EURCAD – Sellers trending continuation Trend: Sell/Neutral Support/Resistance: R2: 1.45330 R1: 1.44905 S1: 1.44756 S2: 1.44357 S3: 1.44205 Price action: This case might be for amaterur very tricky. As you can see buyers didn't give us reaction, so the next target for sellers is recent Lower Low and might be even deeper to 1.44357 level. Potencial trade...
Trend: Sell/Neutral Support/Resistance: R2: 1.4660 R1: 1.45954 S1: 1.45765 S2: 1.45240 S3: 1.44897 Price action: Sellers has to retrace deeper if buyers will not come back under level 1.45765. Sellers at the point are showing good momentum, but overall market is still in buyers mindset. Potencial trade idea: Bulls targets: T1: 1.45240 T2: 1.44897 NOTE...
Dears, Please, be informed the price should be bearish till the support. Thanks and take care.