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CADEUR

CADEUR, Double-Top-Formation, Completion Below Neckline!Hello, Welcome to this analysis about CADEUR, we are looking at the 4-hour timeframe perspectives. As I discovered recently CADEUR has completed a very important formation which can be the determining factor in the upcoming times especially when CADEUR continues as expected. As when looking at my chart now we can watch there how CADEUR has formed these two tops referring to a double-top and recently formed the breakout below the neckline marked in red which is also a strong resistance now because it was support before. In this structure CADEUR has emerged with this initial impulse to the downside forming the wave A in the structure and now CADEUR with the bounce into the neckline and the resistance lying there is developing the wave C in the wave-count. There is a highly likely possibility given that CADEUR will pullback in this resistance and therefore form the origin of the further impulse wave C to the downside, this wave then will have its targets within the 0.6674 level marked in my chart in blue. Currently CADEUR is still finding the trend therefore when it finally breaks out below the 0.673 level it will fully confirm the bearish impulse to the downside and approach the targets from where the situation needs to be elevated anew. In this manner, thank you for watching my analysis, have a good day, will be great when you support it with a like and follow or comment, all the best! "Trading effectively is about assessing possibilities, not certainties." Information provided is only educational and should not be used to take action in the markets.
by VincePrince
10
EURCAD long term trade. Part 3Previous analyis went quite well, showing the small drop to the entry zone prior to the big rally. Takes some profits at the highs with the plan to re enter at the yellow circle again. Now that bear flag i showed in the last update, seems to be in play. Broke the support line and now seems to be hanging below it. Making the chances high for another move down. I still have a part of the long running, but i will wait patiently to get in again at the yellow circle, as the blue line suggests. Think we will see a double bottom shape on the lower time frame, so i might use that to re enter again. Previous analysis:
by botje11
EURCAD long term trade. Part 2So far followed the double pattern quite well and the previous analysis. Bounced very strong from the support zone. First attempt failed, dropped again and it got bought up and got pushed straight through the resistance. Of course it could simply continue to move up, but i think it might be too fast. So if this small bull flag fails, we could see a drop to that yellow zone. If that happens and we see support again, that would be a good spot to increase the position of the previous long. Taking partial profits here and waiting to buy back lower, is never a bad idea. It's not about hitting the jackpot, about having a good strategy and making profits. Previous analysis:
by botje11
2
EURCAD long term tradeI have been looking at this one for quite some time now. I know the shape looks like something your not used to, but with double bottoms, we want to see the same size in time at both ends. Which is what we are seeing here. So the game plan, is waiting for a drop and to see if this green support on the right is THE low or not. Because there is room until the one on the left. So want to see some support there and if it turns up, i will take on the trade, for a day trade and a long term one. Previous analysis:
by botje11
1