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Eurocanadiandollar

EURCAD Bearish Divergence, yet Longing Chances Too 07/02/2021 this instrument has got two scenarios seem bearish to our eye as it has done its Distribution after showing some Regular Bearish Divergence with MACD which is the sign of trend reversal and a retracement unto the Fibonacci Golden areas but it is conditioned to break the blue trend line and if so the we can have our 2 bearish TPs... if not then we have the Bullish scenario which we can target Minimum of 1.71 CAD of our Fibonacci expansion .27% where we have specified it as Long TP. Remember it is on the Weekly time frame so we may need to be more focused on fundamental of the market to get the grip of our Final decision and use the technical chart as a confluences along with it... we are having mostly Bearish sentiment on this but we kept the Bullish back door open yet which side do you think it goes?
by BitonGroup
4
Short Position: Euro/ Canadian DollarEuro/Canadian Dollar show an accumulation zone to get it in medium term, remember that in Daily the structure is turn bullish: Now, in H4 timeframe, we are in two chartist pattern: 1. Bearish channel 2. Ascendent triangle Bouth pattern are valided, but now, if you see, more appreciate is the ascendent triangle in H4 timeframe. And maybe, Euro want to drop a little as 90 pips to find down the support line, that is a other signal to put in short to earn money, and also, to revoer in this par the Manipulation get on the early time that Euro up, Euro down, and then, the trend say me that Euro go to down a little to then, up!!! That how I explain in H1 timeframe that Euro is going to down at least 70 pips as take profit. It's a good businness. Rememebr that tomorrow the European Central Bank it's want to discuss the interest rate and the, the European Union Ministry goes to speak today about the Europe's plan!!! If for any reason, I see that this new is a high volatile, i will going to notify at night at U.S. eastern time, because I dont have time to read fundamentals. But, I know the structure of the market + using the price action!!!
Short
by harisonhbn9718