Eurcadanalysis
Possible Candle Formation Will Determine Trend DirectionThis looks like an incomplete inverted head, neck, and shoulder forming on the 4hr after the strong bullish move the later half of last week. We did pass a weekly level, so a pullback is likely, but may not hold for very long. If we breakthrough both the weekly 1.55481 and daily level 1.53147 areas, we'll continue on the downtrend seeking to reach a new low. Let's see how this plays out.
BULL TPs:
• 1.55140
• 1.55357
• 1.55772
• Stretch TP: 1.57114
BEAR TPs:
• 1.54481
• 1.53962
• 1.53488
• 1.53147
• Stretch TP: 1.52359
EURCAD FLY WHILE CADJPY CRASH ??Hallo guys
nice to meet you seeing my forecast
here we are
we can see eurcad have clear bullish structure before they bullish
we can see the descending channel , bullish flag , and breakout trendline
in my opinion eurcad can be reach the resistance @ 1.57741
we just waiting for the true breakout for execute this eurcad
EURCAD short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURCAD shortas we see eurcad just hit the monthly trendline and just like it did before it revearsed down and for right now we also see the head and shoulder pattern forming.
what we expect this last week of this mont is the retracement to the 61.8% or the 78.6% level, it can also head downwards.
tp levels are the given levels.
have a good week.
EURCAD 1H👋 Hello and welcome traders to another trade
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EURCAD: BEARISH Continuation Targeting 161.8% Fib LevelToday's candle shown us a weak BULLISH movement with no clear rejection at 1.5320 support level. As of now, it seems likely a breakout rather than a fakeout. We can see that today's candle is retesting the broken support level @1.5320 which is now the resistance level. I am expecting BNEARISH movement to continue for this pair bring price towards the demand zone which I have identified.
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EURCAD short trade ideaPlan: wait for the price to bounce off from trendline or resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in the comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURCAD HammerEURCAD has arrived to a support zone at 1.535, and formed the hammer pattern on the daily chart on the last day of the week. Here the price can break this support and fall to the next support around 1.5, or the price will turn around and continue the sideway moves between 1.535 and 1.575