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Eurcadanalysis

Getting Ready To SELL On Approach To This Level....This pair has just popped a new HIGH on the Monthly charts and took out a previous MONTHLY SUPPLY SELL zone and looks like it has it's sights set on the 1.50 price level which sits nicely inside a MONTHLY SUPPLY/SELL zone which starts around 1.48 which is marked in red on the chart. Inside the Monthly level sits a nice WEEKLY SUPPLY/SELL also which is around the 1,50 mark this where I expect sellers to come back into the market. I will use my TRFX indicator to start to look for a daily sell signal as price moves above the 1.48 mark target for this trade will be the newly formed DEMAND/BUY level which is around 1.43. This is a great swing trade idea will keep you updated when I get the entry trigger happy trading.
Short
by TheFxAce
DeGRAM | EURCAD overextension at the resistanceEURCAD reached a major resistance level on the 4H timeframe. The market probably will make a false breakout. Price action created a double top at the channel border that acts as dynamic resistance. Price action is likely to move down from the confluence zone: the resistance and the channel's border + fibo extension. We expect a pullback from the resistance level . ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
9
Buying $EURCAD hereTrade type AAA Reasons for taking this trade: We are longterm bullish hence it would make sense to take buys here. The liquidity pool at 1.43300 has already been filled. 1HR candlestick has closed bullish and its engulfing (the better) We have had the 3 touch move already in which our bias is supported by the liquidity pool as explained above. We are 2 hours past London open hence there is liquidity. I am targeting to areas for TP. Trade type glossary Trade type AAA - Very good Trade type BBB - Nice Trade type CCC -🧐 This trade is based on the analysis of my previous idea:
Long
by Sherman_Trades
Buying $EURCAD here (second trade entry)Trade type AAA our previous idea: hit the first TP💦 hence confirmation enabling us to get a second entry for the second trade. Reasons for taking this trade: Our first tp was a very sensitive price level hence after hitting that price we have receeived confirmation for continuation by: 1hr candlestick is a bullish engulfing candlestick hence that is good. We are close to London (2 mins approx) open hence volume will be available. You see the blue line? price level - 1.44088 Price did not close below that area. That is good Trade type glossary: Trade type AAA - Very good Trade type BBB - Good Trade type CCC -🧐 I usually use trade types to determine the amount of risk to use: In AAA - 1, 1.5 and 2% In BBB - 0.5% IN CCC - 0.25%
Long
by Sherman_Trades