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EUR-CAD

Intraday ShortMN-W1 price above ema-20/50/200. D1 price is above ema-200, price appears to be consolidating on as ema-20/50 are intertwining with consolidating falling wedge pattern. Price has bounced back several times from the high of 24-03-20, each time before reaching its price target a correction appears suggested by price trending above H4-ema-20/50. D1-MACD bearish with increase in divergence. H4-MACD bearish with increase in divergence. H1-MACD bullish with increase in divergence, however price is still below ema-20/50/200. This could suggest possible oversold condition on -H1 meaning a correction is due on the shorter timeframe before resuming bearish trends. From the bearish trend starting 05-06-20 price has constantly respected the 5m-ema-20 breaching it and testing 5m-ema-50, however, recently price has now gone as far as testing the 5m-ema-200 and reversing with the equal support from the macd which was not the case previously. 1) SELL -H1: Market Execution Stop Loss: 1.5160 Take Profit: 1.5060 2) If price is still in its correction stage, wait for price to move above 1.5190 which 15m-ema-200 which may be prices next target. SELL -H1: Sell Stop: 1.5190 Stop Loss: H1-ATR above entry Take Profit: 1.5060
by Leoryder
ANALYSIS ON EURCADHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.           As we can see, the price is at its support. One can wait for confirmation. Let us know your views on this in the comment section. Thank you all.          There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.           Ryan.R..Lopes
by Ryan_lopes
What Goes Up May Be Getting Ready To Come DownIf you have a little patience with this pair, it's actually forming still forming the W second leg. The bonus? When it's done, we will have a possible bearish harmonic setup for the short. The only way the possibility cancels out is if price can continue upwards pass the daily 1.54626 zone. As you can see, if we make a bearish run, I'll be trading to see if it can make the weekly 1.48825 zone. It should be an interesting trade this week. BULL TPS: • 1.53790 • 1.54582 • 1.56354 BEAR TPS: • 1.51820 • 1.49809 • 1.49015
by NikaJourney