ITS TIME TO GO UP....
market is in bears move at daily price break resistance level now price will test this resistance level as this is our first tp and also it may false break of resistance level so price will go up tp our long term tp enjoy..
if you have question or suggestion about this pair let me know in comments.\
cheers..
Eurcadlong
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.
EURCAD A1 Long C Grade (Idea)Another trade today with the same problems we saw earlier and have been seeing throughout this week. These problems being inside the asia range and having an over extended entry candle. This has saved me money countless times to avoid these trades and I will continue to do so.
Wait for buy signal in the asending channel with EURCADH2 time frame.
Structure: Ascending channel.
The price is currently at the confluence between the uptrend line and the support at 1.48600.
Waiting for the price to confirm the bullish signal, it is possible to enter a buy order to continue with the ascending channel of EURCAD.
The profit target is the 1,50000 zone.
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Wish you all have a good trading day!