Get started

Eurcadsetup

EUR/CAD Multi-Timeframe analysis (03/02)Hi Traders EUR/CAD Multi-Timeframe analysis (03/02) H1 Chart (Bearish) Target 2 at 1.52525 has been reached. We closed the remaining 50% of our position and now we are looking for the next opportunity to enter the market. Support & Resistance 1.53327 1.53548 1.53030 1.53833 1.52898 1.53965 H4 Chart (Strong UP) The market is approaching the support at 1.52821 . We are waiting to see reversal signals in order to reinstate LONG positions. Next important support is the 1.52619 level. Support & Resistance 1.52821 1.53124 1.52619 1.53498 1.52092 1.53833 Daily Chart (Strong Down) The market is approaching the resistance at 1.54016 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 1.55924 level. Support & Resistance 1.52666 1.54016 1.52092 1.55924 1.51065 1.57096 Weekly Chart (Neutral) The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track. Support & Resistance 1.52666 1.59912 1.50518 1.62060 1.47707 1.64871
Short
by Avramis
2
EUR/CAD Multi-Timeframe analysis (Update)Hi Traders EUR/CAD Multi-Timeframe analysis (Update) H1 CHART ( Bullish ) A medium probability, entry signal to go LONG was given at 1.53623 after the market found support at 1.53317 . Only the downward break of 1.53317 would cancel the bullish scenario. Support & Resistances 1.53328 1.53548 1.53030 1.53735 1.52898 1.53975 H4 CHART ( Neutral ) Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop. Support & Resistances 1.53124 1.53498 1.52619 1.53782 1.52092 1.54414 DAILY CHART ( Strong Down ) Waiting for a retracement higher towards the 1.52666 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.54016 level. Support & Resistances 1.52660 1.52666 1.50744 1.54016 1.47486 1.55924 WEEKLY CHART ( NEUTRAL ) The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track. Support & Resistances 1.52666 1.59912 1.50518 1.62060 1.47707 1.64871
Short
by Avramis