EURCAD: Analysis and Plan for the week ahead (2JUNE2019)
We are looking at the EURCAD pair. As you can see here, it is currently doing Higher Highs (HH) and Higher Lows (HL). From the analysis, looking at the trend line, it seems to be going upward trend. Therefore this pair will be making another Higher Low (HL) before continue it's flow upwards. Currently looking at the candle stick at 1H chart and candle is showing a bearish engulfment. That is 2 confirmation.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.