up movements will expected till down weekly trend line because
double bottom has been formed as you see in my falloing chart
Thread: Eur/Cad
up movements will expected till down weekly trend line because
double bottom has been formed as you see in my falloing chart
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resistances and supports in eur/cad on frame 4hours by date today.you can see resistances and supports on the chart Inside the red rectangle instead of write it. and you can buying and selling by it...
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If a M15 close above 1.4100 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.3900 sell only and do not buy. If price closes back above it again do nothing
The range 1.4100 and 1.3900 is neutral area, any trade done in between is personal decision and not part of this analysis
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andle is below Moving Average period 20 in 30 Minutes chart so I think its still standing for downtrend . First target must be at 1.3960 and second target at 1.3950 for next time. Place your stop loss 40 points from your open position
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If a M15 close above 1.4200 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.3900 sell only and do not buy. If price closes back above it again do nothing
The range 1.4200 and 1.3900 is neutral area, any trade done in between is personal decision and not part of this analysis
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
as i can see from the chart the pair has success in breaking the level of 1.4000 and now the pair is trading under it , that's mean the down trend is standing and the pair might head to 1.3950 then 1.3920
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If a M15 close above 1.4300 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.4160 sell only and do not buy. If price closes back above it again do nothing
The range 1.4300 and 1.4160 is neutral area, any trade done in between is personal decision and not part of this analysis
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
the trading now above the level of 1.4100 will make the uptrend expected and the pair might continue in it's upmovements heading to 000 and then 000 and that's before bouncing from the resistance levels
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No new in my view, up movements till the higher line of the channel
is still expected as you see in the folloing chart:
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If a M15 close above 1.4200 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.4160 sell only and do not buy. If price closes back above it again do nothing
The range 1.4200 and 1.4160 is neutral area, any trade done in between is personal decision and not part of this analysis
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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