Eurcadtrade
EURCAD Respecting the Channel (Bullish in the next days)EURCAD Analysis Long Term Trade
200 TO 300 pips move
Signs of BULLISH EURCAD:
-Respecting the channel
-Weak US Oil
-Stronger EUR next to USD (weak GBP)
-Long bull candles
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EURCAD positioning for SHORT ENTRYEURCAD is now doing what be said some days before, the operation we gived it's now on 160 pips in profit for our crew and we expect 40/50 pips more. Returning to the analysis, in this moment the value is surpassing a monthly KL so there are two possible scenes, the accumulation now to fall or the second one and what we expect: the retest in the supply, retesting at 50% of fibo in 4H and the posterior fall.
In both cases, we will wait for the confirmation and after this confirmation we can go in, good luck and enjoy the pips!!
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EURCAD SHORT EURCAD shorts are looking good to go. Lets get ready for a retracement up to the purple box area with a 4 hour body closure as a doji or spinning top to confirm our bias of taking shorts from here. EURCAD has respected the 78.6% Fib level indicating the bears are still in control, lets just sit back and wait to see if it can pullback to the area of interested and see if it rejects before we jump into this trade!
Remember to take partial profits at the 0%, -20% and finally the -61.8% :0
455 PIP gain 7/1 RR.
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When nobody wants to sell, do itVery little people will open up a sell position now. Market looks like it’s going all over the place for eurcad. Looks safer to go Long but it’s deadly when everyone thinks the same.
Waiting for the news to come out later and hopefully it can break 1.458 by tonight. All the best lads
Always be on the opposite side of most Traders!
EURCAD FALLING WEDGE PATTERN"In the name of Allah, the Most Gracious, the Most Merciful"
EURCAD FALLING WEDGE PATTERN.
Note: This is only for Educational Purpose this is not Investment advice.
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Adil Khan
EURCAD - BIG LONG TRADEEUR/CAD is preparing itself for a big upmove.
Recovering with 2 candles only after hitting the daily support and now failing to enter into a reversal phase, it is finding its support for a bigger up move in this consolidation phase.
Keep this pair in your watchlist and look for a buy on the next low test.
This is a very good looking setup. Highly probable move coming up next if the support holds and prices keeps rejecting the lows.
As the prices make its push up and breaks the 200 ema on the daily, we'll have the beginning of the bullish weekly trend.
Trade safe.