EUR/CAD supported above 1.4650

Eur/cad has rallied to 1.4920 area before giving it all back last week and falling to 1.4650 area where it found support.

The pair has ultimate support at this area , however the pair has much more stronger support "which is now a resistance" in the area between (1.4725 and 1.4780).

The pair has formed a bearish trendlin on the 1h chart , however it is support by 1.4690 and 1.4650 area ..A Close below 1.4690 is a warning and a close below 1.4650 on the 4h chart will be an invalidation of a long trade.

On the otherside , look to add position to current level at 1.4690 and more after 1h close above the trend line at 1.4740 area and one more position on close above 1.4780 on the 4h chart targeting 1.4980 and 1.5130

Happy trading

Remember to follow me on twitter for updates on this trade and more trading ideas.

BDC/BTC target and resistance levels

#Dbcbtc is targeting 0.0000001730 btc. It is starting to build up a bullish trend on small time frames. It will be a challenging area to break given the bearish trendline as well. Deepbrainchain is one of solid crypto projects that have a good profitable future. #Investincrypto

storj update - 1h chart very bullish

Following up on previous analysis for storj after breaking over bearish trend. Storj reached a high of 0.95$ , retreating back now to 0.84$ . Below is chart for 1h time frame which shows a very strong trendline coming from lows at 0.67$. A break below will be a sign of reversal, we need to keep over that line for a while to keep the bullish move running upwards. Keep following for updates... Follow me on twitter @b4borio

Gbp/Usd bearish below 1.2980$

The pair broke below the rising trendline in red as shown in the chart below. It is also trading below 200 hour moving average. There is horizontal resistance at 1.2980$ area followed by 1.3080$ area. Being Short is favorable with stop loss above 1.3080$. Target should be around 1.2640$ , you can book some profits at 1.2780$.

Only charts

Search This Blog