Eurcad4h
#EURCADIn the current situation, according to the negative divergence formed between 3 and the ceiling of the side range, we can expect a decrease to the range of 78.6 Fibo projection of the area of 1.44012, but before that, we have the important resistance area of the pivot point, which must be broken.
In the next stage, with the breaking of the pivot area and touching and breaking of the area of 1.44012, we can expect the next target of 100 projections in the area of 1.43397, and among all of them, we cannot ignore the 50% reduction range of the side area in the area of 1.43845. .
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
EURCAD TO POTENTIALLY MAKE NEW LOWS I recently marked up this pair with a bearish prospective ( i have attached the mark up) since then, price moved bearish and hit our take profit level. Price has moved bullish since then into what we can potentially see as a retracement. We may then see price break lower and move toward our take profit level.
Entry - grey line
Stop loss - red line
Take profit - green line
Hit that follow button :)
EUR/CAD - Long Term Bullish OpportunityEUR/CAD has been in consolidation on the 8H chart for now 3 weeks.
It's failing to make a move down. Bulls are getting in and preparing for the bullish move thus preventing the pair to make a move down to a lower low.
Leave 80-100 pips SL and double the TP.
You will have to hold this position for arround a week or more.
Trade safe.