Forex Day Trading Idea 19 November 2019 - By Vladimir Ribakov

Hey guys, how are you? Vladimir Ribakov here from Traders Academy Club. Welcome to the Forex day trading video. Today we are on 19th of November 2019, and in the list or in the menu for today is the EUR/CAD. The direction I'm looking to trade is Bye. Before I dig deeper, uh, for all those of you who watch the video for the first time, first of all, welcome to the channel and to the community. Subscribe to us with the subscribe button below the video. Just remember to enable the ring notification. Also, I would like to invite you to our live trading rooms where you would be exposed to all the trading opportunities we discuss day after day. The links to join below the description of this video, also in the pinned comment in the comment section. Also invite you to join our free Telegram channel, and if you enjoy the video and the work, please leave your comment in the comment section and remember to hit the like button. Your support back would be very much appreciated as always. So let's begin. What do we have on the euro versus the Canadian? So first of all, the way I see that with the last bullish divergence we exposed to on a daily time frame, I believe we are into the corrective mode of cycle. Corrective cycle could be built by deeper 2 waves or to continue inside this range. The fact that we broke above the falling trend line here Definitely makes it interesting from my point of view. We also already started to create the higher lows pattern with the break of the most recent trend line right here, and as well as the higher highs. That makes it a channel, and I believe there is more to come. Watching on a 4-hour chart after the first move to the upside and a bullish hidden divergence that was created right here. The pair returned to the bullish direction by creating higher highs, higher lows again. Then little consolidation and another shot to the upside happens. No divergence on the ending part, which makes me think retraces Should deliver a buy opportunity. Dropping lower, we can see that the one-hour chart also making a great straight move to the upside. No divergence in between any of the highs, which makes it look like retraces and further buy. One of the ways to enjoy from such trends is trend trading strategies or Systems such as the SRS Pro. SRS Pro basically, as we can see, could classically deliver here in a monitor all the higher time frames to be lined up in the same direction with the SRS candles, the sentiment and the momentum at the bottom to be in agreement. We see that the pair starts to create Clear line of higher lows, dynamic supportive zone, and basically buy retraces would be the plan for us. The last attempt that was delivered by the SRS Pro was earlier when we broke this falling trend line and this ranging pattern, and you can see by yourself what is coming since. So the way I see that the euro CAD, it's buy retraces. My view is bullish. Let me know what do you think about it. Are you bullish? Are you bearish? Are you already involved in a buy? And if so, where from and where are you heading? Share your view in the comment section below. Um, it'd be very much appreciated. So that's all for, uh, today. The euro CAD was the chosen pair. for a day trading opportunity. Next video would be delivered most likely tomorrow. Well, if the market will provide us a good opportunity. And once again, I would like to take this opportunity to invite you to our live trading rooms where you would be exposed to all the pairs that we trade day after day. Explained in real time in the live trading rooms and backed up with full trading report. All the details about the Traders Academy Club and what we offer right below in the description. So as for now, thank you very much for watching this video. I wish you a fantastic day and the week ahead, and I'll see you. in another opportunity once the market delivers. Thank you. Bye for now.