Long Position: Euro/Canadian Dollar is leading by demand!!!
In this technical analysis. I want to make a explain why Euro/Canadian Dollar is goes to up!!!
So guys, as today we see a good short positon in EUR/AUD, so I ignore my short positon for believe more in H1, so as learningedge, I learn that the H4 timeframe, each group candlestick is a key to look what the trend make, specially in Daily when is talking o pull back or reverse of the trend. That is my habilities that I have, but working little more for me.
Now, lookin in H1 we see that Euro/Canadian Dollar is leading by demand or bulls. There's not any short positon signal for this par, just that Euro/Canadian Dollar is into this supply and demand strategy.
We see in H4 timeframe that the trend is beocme bullish, and RSI is above of 50, that turn what EUR/CAD is strenghten and the trend is a key to follow bought.
Now, in Daily the trend is the most important, becuase we see that EUR/CAD can to continue up more toward this yellos supply zone. And maybe in the red zone, that is weekly zone, but also if you notice that EUR/CAD could formed a possible armonic pattern bearish, but in each case, is the trend change, we could see it.
Good luck of this long position.
So guys, as today we see a good short positon in EUR/AUD, so I ignore my short positon for believe more in H1, so as learningedge, I learn that the H4 timeframe, each group candlestick is a key to look what the trend make, specially in Daily when is talking o pull back or reverse of the trend. That is my habilities that I have, but working little more for me.
Now, lookin in H1 we see that Euro/Canadian Dollar is leading by demand or bulls. There's not any short positon signal for this par, just that Euro/Canadian Dollar is into this supply and demand strategy.
We see in H4 timeframe that the trend is beocme bullish, and RSI is above of 50, that turn what EUR/CAD is strenghten and the trend is a key to follow bought.
Now, in Daily the trend is the most important, becuase we see that EUR/CAD can to continue up more toward this yellos supply zone. And maybe in the red zone, that is weekly zone, but also if you notice that EUR/CAD could formed a possible armonic pattern bearish, but in each case, is the trend change, we could see it.
Good luck of this long position.
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