PabloSantander
Panjang

EUR/CAD - Ready To Pop Higher?

FX:EURCAD   Fx Euro/Dolar Kanada
Dilihat 561 kali
15
561 10
OUTLOOK: EUR/CAD has been ranging for the past 2 weeks and has seen it range between 1.46200 area (low) and 1.54200 area (high).
With a now prominent text-book bullish pin bar evident on the daily chart (highlighted blue box), EUR/CAD looks ready to move higher
back to the 1.54200 - a key weekly Fibonacci 0% level @ 1.54339.

Note: Should prices close above the first target of 1.50300, expect target 2 insight.

CONCLUSION: BULLISH BIAS

BULL INDICATORS:

1. Daily candle closed above Weekly 23.6% Fibonacci Levels located @ 1.48399
2. Weekly Trend line (support) is still intact and yet to be broken
3. Bullish pin bar - found near key weekly trend line and Fibonacci support levels

BEAR INDICATORS

1. Weekly chart shows a long tailed bearish pin bar , which could signal a reversal once price move
to key daily & weekly resistance levels.

TARGETS

Target 1: 1.50300
Target 2: 1.54339

STOPS
Ideally place - @ 1.46591 (tip of bull pin bar )
Conservatively place - @ 1.46228 (below double bottom pattern)
I've been long on EURCAD and EURAUD for about a week now...been ranging but above my stop, so I'm ready for the pop already!
Balas
thanks for the information is great could you please tell me is EUR/CAD is going up?
Balas
Hey emadudin, the direction is long (buy) - before clicking on the chart it will have the word "Long" highlighted by a green box, or red box if it mentions "Short". Hope that helps
Balas
emadudin PabloSantander
K thanks for your reply
Balas
Nice chart and well described .. well done !
Balas
Thanks means a lot to hear you like the description.
Balas
I like the clean chart. Thanks
Balas
PabloSantander Technician
Thanks Technician.
Balas
Technician PabloSantander
The idea is cleanly described on chart and on text. This is a text-book ideal example of a "Suggested Chart" .
Balas
PabloSantander Technician
Thanks! It's taken a while, but finally nailed the structure and format. Appreciate the feedback Technician. :)
Balas
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Daftar Keluar