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Eurcadidea

EURCAD long trade ideaPlan : wait for the price to bounce off from key support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **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 like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
EURCAD positioning for SHORT ENTRYEURCAD is now doing what be said some days before, the operation we gived it's now on 160 pips in profit for our crew and we expect 40/50 pips more. Returning to the analysis, in this moment the value is surpassing a monthly KL so there are two possible scenes, the accumulation now to fall or the second one and what we expect: the retest in the supply, retesting at 50% of fibo in 4H and the posterior fall. In both cases, we will wait for the confirmation and after this confirmation we can go in, good luck and enjoy the pips!! FOLLOW ME for more analysis and updates of the same, and give a LIKE if you are agree with my analysis.
Short
by BlazeGP
EURCAD DThe pair has reached a somehow interesting area. On the one hand it broke a long term trendline on the 3rd of July but now seems to have found support at the 1.468 area. I believe the pair can rally to retest the resistance at the 1.4915 area. Reasons for believing this are : 1) Support area at 1.468 has been respected 2) We saw the formation of a pinbar breaching the support area but closing the day just over it or on it. 3) RSI is in overbought area 4) MACD seems to confirm the reversal by gaining some strength Please comment if you have a different view. Trade safe!!
Long
by MicKi