Eurcadforecast
#EURCAD LONG SETUP.. In the 4-hour chart of #EURCAD, we see that the price broke out the wedge pattern.. It is likely that the price may retest the break-out line.. There can be a long setup opportunity for #EURCAD.. I expect a price action as I mentioned on the chart.. We will wait and see..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
Trading Pathways Analysis of EURCAD H4 Chart
The outlined white arrow pathway is the predicted pathway that the EURCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where EURCAD will turn.
NOTE: THIS IS ESSENTIALLY THE SAME PREDICTION I MADE AS LAST WEEK EVEN THOUGH I CHANGED FROM SHORT TO LONG.The difference is that last week I was looking at the medium term movement while this week I am looking at the short term wave where it is to advance upwards. I thought it would be better to analyse piece by piece rather than bundle everything together.
PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK.
Eiseprod of Trading Pathways
EURCADWill be interesting to see price action in this congestion area. Though higher time frames indicate that we are in a retrace towards the downside so we can see a continuation of price dropping to 1.4413, but lets just keep an eye out for what market does around this current level. This could easily turn to support as well if we see more momentum to the upside. No setup for now.
More move higher for EURO-CADANALYSIS ON EURCAD
Welcome to my analysis
-
30min CHart
-
Interesting Point of interest In the EURCAD pair.
- Price testing 200 day EMA.
- look for buy signals.
- Expecting some more upward movement.
- Watch 1.47700 for Take Profit (TP).
- MACD showing bullish divergence
Stay Tuned
EURCAD LONG Situation 15:15 NYT 15.3.2019Hello to all which follow my charts.
Here The Situation in EUR CAD at the moment.
For an easy look a the big picture i have used my renkocharts
i am favourite from.
So here we go:
EUR CAD had had a sharp downtrend from beginning of 2019
At around 14.1.2019 the pair has build out a short channel
which has lasted till 25.2.2019
From this day on EUR CAD has broke out form that short channel
and since now we are in a LONG setup .
Now we have a pull back which could be a nice chance for a
new long position.
Remember that if you would had beenn the first mover on outbreak the short
channel your buy had been at around
1.5050
which is not so far away from todays trading if you do not daytrading here.
-------------------------------------------------------------------------------------------------
--This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---