Eurcadbuy
Reverse signal down at daily support on EURCADHi traders,
i want to share with you some of my analysis here on EURCAD.
Right now we are sitting on a daily support level (blue line), which was rejected more than once by price.
We have just put an engulfing candle after a 1pip-missing double bottom.
This could be the first signal of a big reverse, together with that huge rsi divergence going on for the last lower lows.
My first target would be at 1:1 RR knowing that the stoploss has to be 30 pips under the low.
Second target along with structure.
If you have any comment, please do.
Otherwise, see you in the next chart!
Is it time for the bounce?We rode this baby down and now it reached a good PRZ.
The details are in the chart.
Like if you agree, follow and support please! :)
EURCAD Buy Idea after TL breakout and bullish convergence.EURCAD Buy Idea
This pair broke the yellow top TL and created a bullish convergence. We need a two wave move down to retest the TL in order to long.
TP 1 1.4805
TP 2 1.4990
SL below last low + 2 pips + spread 1.4570
EURCAD Double Wave Cycle Buy IdeaEURCAD Buy Idea
After a double wave cycle price broke the 1.4666 level with a False Break. Now buy the break of the red trendline aiming 1.4850 SL two pips below last low before the break-up.
