SubscribeThe EURCAD has traded lower to test 13853 and a low may be forming as price continues to bounce from its corrective channel and former 4th wave support.
Thread: Eur/Cad
The EURCAD has traded lower to test 13853 and a low may be forming as price continues to bounce from its corrective channel and former 4th wave support.
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the pair and as we can see from the chart has closed it's weekly candle under the level of 1.4050 , so , that's mean the down trend is still standing and the pair is heading to 1.4000 then 1.3950
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If a M15 close above 1.4000 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.3950 sell only and do not buy. If price closes back above it again do nothing
The range 1.4000 and 1.3950 is neutral area, any trade done in between is personal decision and not part of this analysis
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as we 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 1.3970 then 1.3940
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If a M15 close above 1.4080 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.4000 sell only and do not buy. If price closes back above it again do nothing
The range 1.4080 and 1.4000 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.
I think price will drop to support of 1.3975,price can not break resistance of 1.408 and this point is still good to sell
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If a M15 close above 1.4080 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.4050 sell only and do not buy. If price closes back above it again do nothing
The range 1.4080 and 1.4050 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 pair is trading now above the level of 1.4000 and that's mean the uptrend is still standing and the pair might reach 1.4050 , but if the pair succeeded in breaking 1.4000, it will continue in down trend heading to 1.3970 and then 1.3940
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.
If a M15 close above 1.4180 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.4050 sell only and do not buy. If price closes back above it again do nothing
The range 1.4180 and 1.4050 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 pair is trading now above the level of 1.4000 and that's mean the uptrend is still standing and the pair might reach 1.4050 , but if the pair succeeded in breaking 1.4000 , it will continue in down trend heading to 1.3975 and then 1.3950
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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