Don't miss the great buy opportunity in EURCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.4592). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 1.4937
TP2= @ 1.5205
TP3= @ 1.5637
SL= Break below S2
EUR-CAD
Currently In the Mist of A PullbackIf you weren't paying attention to this pair, you missed one heck of a drop! We are currently in pullback mode, but it won't last for too much longer since this pair actually broke out of multiple weeks long range.
So we'll be trading this pair until the pullback is complete or, if you want, when the continuation begins.
BEAR TPS:
• 1.42917
• 1.41912
• 1.40732
BULL TPS:
• 1.43824
• 1.44566
Retracement Determines Next MoveKeeping this short and sweet this week.
All the pairs I'm updating are based on Friday's big move. The focus is to determine price direction and next setups. I don't have enough info yet for the next major moves. So trade zone-to-zone.
BULL TPS:
From the 1.45942 zone…
• 1.46382
• 1.47075
• 1.47542
BEAR TPS:
• 1.45942
• 1.45571
• 1.45161
• 1.46641
eur cad bullish begins long to resistancelong to 4 hour resistance trendline
we see impulsive move then retrace down to past .5 fib level of weekly one then buyers pushing price to .5 fib level support
now we can see support on .5 fib level weekly - now entry on support of daily trendline and .5 fib level supports - as weekly wick to the upside - great - now we can move into next impulsive move to the trendline resistance area as target