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Eurcadbuy

EURCAD Forex cross pair analysis supply and demand forecastSee below EURCAD Forex cross pair top down analysis supply and demand forecast. The big picture trend on EURCAD Forex cross pair is longs, we are not allowed to sell EURCAD based on a supply and demand trading strategy because there is a weekly demand level in control making price print higher highs.This weekly demand imbalance is located around 1.4695, this level is being respected whereas lower timeframe supply levels are being eliminated. There is no reason to go short on EURCAD Forex cross pair based on a supply and demand technical analysis. We are expecting price to rally higher above weekly highs eliminating lower timeframe supply imbalances and creating new levels of demand. Trading supply and demand imbalances is ideal for beginners and those with a full or half time job, you won't need to stay in front of the computer all day long trying to move price action with your mind. As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and reacts strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements.You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for price to pullback or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
Long
by AlfonsoMoreno
EURCAD LONG Situation 15:15 NYT 15.3.2019Hello to all which follow my charts. Here The Situation in EUR CAD at the moment. For an easy look a the big picture i have used my renkocharts i am favourite from. So here we go: EUR CAD had had a sharp downtrend from beginning of 2019 At around 14.1.2019 the pair has build out a short channel which has lasted till 25.2.2019 From this day on EUR CAD has broke out form that short channel and since now we are in a LONG setup . Now we have a pull back which could be a nice chance for a new long position. Remember that if you would had beenn the first mover on outbreak the short channel your buy had been at around 1.5050 which is not so far away from todays trading if you do not daytrading here. ------------------------------------------------------------------------------------------------- --This information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
Long
by Renkotrade
EURCAD POTENTIAL TREND CONTINATION SETUPHi Traders, The 4-hour chart of EURCAD shows that the break out of descending wedge that lined up with a key resistance level is a five-wave impulse in wave (a). . According to Elliot Wave theory, a three-wave correction in the opposite direction follows every impulse pattern before a resumption in the direction of the trend. . We will wait for the completion of the corrective pattern, which is most likely retested the broken resistance that lined up with 50.0 Fib ratio and moving averages; . Then look for the breakout of the counter trend line for entry. Price has the potential to move up towards -27.0 Fib Extension to complete wave (c) of 2. . Safe Trading! Veejahbee.
Long
by Veejahbee