EURCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Eurcadanalysis
EURCADBullish indicators:
1) Trading near major support area of 1.46100
2) Bullish Harami candle
3) Falling wedge
Bearish Indicators:
1) LL LH
2) Currently trading in downward trend
Plan A: On the bounce from the support area one can buy for the target 1.47733 first and then for the 1.48075.
Plan B: On the breaking of trendline and support one can sell for the target of 1.45826 where the major support lies.
A wave of hope for the bears | EURCADFX:EURCAD
Hello traders;
Here's my outlook on EURCAD-
We see price-breaking LL indicating a bearish trend and as such, we expect for price to make a successful retrace which will end at the OB before the bullish impulsive move which was initiated by smart money. Once price hits this OB (blue rectangle zone) we expect to see a more impulsive bearish pull to the downside to continue the bearish structure.