Vladimir RibakovOwner, Chief Trader at Home Trader Club (Former Traders Academy Club), Owner, Chief Trader at Home Trader Club (Former Traders Academy Club) · Owner, Chief Trader at Home Trader Club (Former Traders Academy Club)

EURCAD Analysis & Trading Plan - 18 Sep 2024 By Vladimir Ribakov #forex #trading #forexsignals #fyp

18 Sept 2024 · 1 min

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Vladimir Ribakov sees EUR/CAD as a buy. The 4-hour chart shows three higher highs and lows with a breakout above an uptrend line. The 1-hour chart confirms the same bullish structure, and Ribakov expects the price to keep climbing if Fibonacci support holds.

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Here is why I believe EUR/CAD is a buy. On the 4-hour chart, classical bullish trending structure: 3 higher highs, higher lows, followed by a pullback. At the end of this pullback, the trend line is broken to the upside. As this breakout happens, the 1-hour chart completes its bullish structure by itself: 3 higher highs, higher lows. Right now we are facing a pullback, but as long as these key Fibonacci levels will hold, I believe after this pullback, EUR/CAD is heading north.