CAD
EUR/CAD (Análisis) Proyección EUR/CAD
Patrón formado a entorno "Bandera"
Conservar su fibonacci alcista en torno no rompa la cuota de 38%
Para postularse se forma alcista, esperar el quiebre por encima de la siguiente zona alcista (Realizar de igual un Retest)
Considerando tomar rápido un BE en torno a su siguiente zona importante en forma de resistencia.
Para postularse se forma bajista, esperar el quiebre por debajo de la zona. (Realizar de igual un Retest)
EURCAD POSIBLE COMPRASoporte semanal, Tendencia alcista semanal, triangulo ascendente en gráficos mensuales, Tendencia bajista en días, Doble piso en 4Hr, Tendencia bajista en días fue quebrada y retesteada en 4Hr, En Graficos de 1Hr-30Min muestra una tendencia alcista notable, Esperaria un engulfing alcista para confirmar entrada en 1Hr o 30Min para compra, Medias Moviles a Favor en 1Hr y 4Hr
Shorting USDCAD down to 1.30270Good risk-reward opportunity on USDCAD 1:2
1. Price managed to break weekly support (now weekly resistance) and broke also upward weekly trendline, which hadn't broke since february 2018.
2. Price came pushed back up to retest the weekly resistance + trendline, being unable to break it to the upside, showed by various wicks and high volume bearish candles.
3. After 3 daily retests of this zone, price finally was rejected yesterday with a considerable bearish engulfing candle, leaving a nice wick too, confirming short entry.
Take profit: suggest to take partial profits at next daily support zone around 1.31470, due to possibility of retracement, and let the position run risk free until next take profit level around 1.30270, which is the next daily support zone.
Stop loss: above the support zone and the maximums price did: around 1.33600.
**This is a risky trade regarding dollar uncertainty due to the trade war and the FED lowering further or not interest rates.
EURCAD shorts down to weekly support at 1.44750This trade idea became active after yestrerday's daily bearish engulfing candle:
1. Price failed to break daily resistance around 1.47600-1.48600. It made a fake breakout and managed to push back again to the downside.
2. Yesterday's bearish engulfing candle signals the power that the sellers currently have, confirming entry to the downside.
3. The power of yesterday's bearish engulfing candle managed to break again the weekly trendline (switch to weekly timeframe to observe it better). This is the 3rd time that it breaks this trendline, hopefully this time it could push further to the downside, breaking it definitely.
Fundamentally I see a weak euro due to recent weakness showed by Germany's manufacturing indicators, UK uncertainty, Italy problems and the possibility of lowering more interest rates.
Take profit target: next weekly support around 1.44750
Stop loss: around 1.48460 should be enough to give it some space in case the trade doesn't turn in our favour at the beginning