Community
Blog
Ucef's Blog

Ucef's Blog

Avatar

Bearish harmonic pattern

Ucef Posted 31 Mar. as Analysis on EUR/CAD, Target: 1.4444, Date: 1st of May, 12:00 GMT  in #Technical analysis #EUR/CAD #Harmonic Trading #Bearish Signs #Fibonacci Level #Channel Breakout
Daily Vision
The pair trend is bearish in daily time frame. Vital resistance is present at weekly close. In past few trading days, price has completed possible bearish impulse Wave-A and moved up.
Based on Elliott wave analysis, I now expect price action to print bullish Wave B. The trend is bearish and a good idea is to look for a sell trading chance to join the down trend after the end of bullish Wave B leg in current time frame or smaller time frame targeting 1.4444.
However, if bullish ca…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Further bullish pressure

Ucef Posted 29 Feb. as Analysis on EUR/CAD, Target: 1.5204, Date: 1st of April, 12:00 GMT  in #Technical analysis #EUR/CAD #Elliot Wave #Fibonacci Levels #Bullish Bias #Channel Breakout
Daily Vision

The pair attempted to push lower yesterday bottomed at support line but closed higher in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1500 pips without significant correction and the next potential target is seen around (weekly EMA 200) at 1.5204.
The bias is bearish in nearest term. And an immediate resistance is seen around the daily close. While a clear break above that area could lead price t…
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments
Avatar

Short - EURCAD - Correcting in a Down Trend

Ucef Posted 2 Sep. as Analysis on EUR/CAD, Target: 1.4254, Date: 3rd of November, 12:00 GMT  in #Technical analysis #EUR/CAD
The force of the down trend doesn't allow for too much of a deviation to the upside. The key resistance level of 1.444 looks like it's going to act as a strong resistance. However, the ongoing correction is expected to run out of steam at about 1.436-1.438. That's where the first shorting opportunities will probably emerge.
Read full story
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –

Leave a comment
orto leave comments