EURCAD looking for a retracement move 🦐EURCAD on the 4h chart reached the important weekly support structure.
The price is now ranging between the 2 levels and after a long downtrend, a retracement move is expected.
According to Plancton's strategy if the price will break above the 4h resistance we can set a nice long order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EUR-CAD
Break of bearish channel on the EURCAD.There seems to be indications that the EUR is ready to make an upside move against the Canadian dollar . The signs that would indicate this is a break of the bearish channel that had been created on the daily time frame, and signs of accumulation at the level indicated on the chart.
SAFE EURCAD ENTRY 300pips+Hello Traders,
Here we have a EURCAD long trade idea. If you like this idea please show your support!
This trade idea is based off the fact that the Euro (EUR) is reaching a monthly low since July 2020. We are expecting some strength as this is approaching a trendline & structure level at the lower end of the channel so we are expecting a reversal soon. However the Canadian Dollar (CAD) is also very weak pushing EURCAD higher.
Please trade with caution and make sure you set your stop losses! Happy Trading 😁
Be sure to check out my other ideas below!
EURCAD on bullish momentum |29th OctPrice is trading near the buy entry price of 1.4402 which is 61.8% projection and can potentially rise to the graphical swing high level of 1.44390 which is also 78.6% Fibonacci projection level. Our bullish bias is supported by stochastic as price has bounced of from it .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
A divergence signal appeared with EURCADH4 time frame.
Structure: Downtrend.
A divergence signal and a double bottom reversal pattern appeared at the strong support zone of 1.43000.
Wait for the price to break the Key level and confirm the retest to find buying opportunities.
The profit target is the price zone of 1.46500.
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Wish you all have a good trading day!
EURCAD short-term bullish bounce | 26th Oct 2021 Price is seen to be abiding to a descending trendline resistance, signifying an overall bearish momentum. We can expect, price to be bouncing from the pivot level in line with the 78.6% Fibonacci retracement towards the take profit level in line with 161.8% Fibonacci projection and 50% Fibonacci retracement . Our short-term bullish bias is further supported by the stochastic %K line bouncing off the support level .
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Major Pullback Due From Monthly Zonehis pair is due for a major pullback right about now. Looking for this to pullback to the daily zone at 1.45811 or to 1.46638 lower low zone.
If the monthly doesn't test as support for the pullback, I'll look to hit the weekly zone area of 1.40569
BULL TPS:
• 1.43192
• 1.43955
• 1.44653
• 1.45718
BEAR TPS:
• 1.42745
• 1.42010
• 1.41566
• 1.41038
• 1.40569
Should traders be watching Inflation data this week? Definitely!Inflation data from outside the US should pique traders interest this week. Several major economies will be reporting on actual inflation figures experienced during September 2021.
Will they match their forecasted values, or will the data follow US inflation and surprisingly creep upward?
Who should be watching the inflation data?
Traders of the Great British Pound, South African Rand, Euro, Canadian Dollar, and the Japanese Yen should circle these dates in their economic calendars.
Why does the Inflation data deserve special attention this week?
While inflation data is usually closely watched, the surprising inflation figures released in the US last week means traders should be extra vigilant with their inflation watching.
Last week, the US inflation rate (September, YoY) surprised the market by beating expectations. Inflation in the US was expected to report at 5.3%, level with the rate reported in August. However, the actual figure arrived ten basis points higher (5.4%) and returned inflation to the 13-year high seen a month earlier in July 2021.
As it stands, Trading Economics is forecasting inflation in the US inflation rate (October, YoY) to rise another ten basis points to 5.5%. If inflation were to cross 5.6%, a new 30-year record would stand (US inflation Jan, YoY, 1991 was 5.7%).
Calendar Dates to Circle:
United Kingdom, GBP,
Inflation Rate YoY September
Wednesday, 7:00 pm (NZDT)
What is the forecast for Sep: 3.2%
South Africa, ZAR,
Inflation Rate YoY September
Wednesday, 9:00 pm (NZDT)
What is the forecast for Sep: 4.9%
European Union, EUR,
Inflation Rate YoY September
Wednesday, 10:00 pm (NZDT)
What is the forecast for Sep: 3.0%
Canada, CAD,
Inflation Rate YoY September
Thursday, 1:30 am (NZDT)
What is the forecast for Sep: 4.1%
Japan, JPY,
Inflation Rate YoY September
Friday, 12:30 pm (NZDT)
What is the forecast for Sep: -0.4%
EURCADBullish Indicators:
1) Double bottom
2) Support at 1.43192
Bearish Indicators:
1) LH LL
2) Downward Trend
3) Resistance zone at 1.44406 and the upward trendline.
Plan A: After making double bottom one can take a long position from here or on the breaking of upward trendline for the target of 1.46223
Plan B: On the failure of breaking of upward trendline and resistance zone at 1.44406 one can take short position for the target of 1.43192.
EURCAD moving to the 1.46 ? 🦐EURCAD on the 4h chart after the break of the channel creates a once move to the daily support.
Now we can expect some retracement and IF the market will break below we will set, according to Plancton's Academy, a nice short order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Accumulation Process--------->EUR/CADA textbook example of contracts being accumulated for another push to the downside. Ultimately, this range took about Twenty-Two Hours to form. At Nine O'clock we see price creeping upwards which then moved downwards forming what seems to be a mini range of consolidation. Once again, let us wait as patience tends to reward those in interest.
Long on EURCADTo me, we should be arriving at the end of this current downtrend, where a massive correction is needed. Why ?
1- Bears are facing a very respected demand zone
2- Bear power is decreasing over the time which can be observed on the candle sizes
3- It also can be observed through a RSI divergence
4- Bullish candles are rejecting the current price
Waiting for confirmation such as reversal patterns which can validate the analysis.
EURCADBullish indicators:
1) Trading near major support area of 1.46100
2) Bullish Harami candle
3) Falling wedge
Bearish Indicators:
1) LL LH
2) Currently trading in downward trend
Plan A: On the bounce from the support area one can buy for the target 1.47733 first and then for the 1.48075.
Plan B: On the breaking of trendline and support one can sell for the target of 1.45826 where the major support lies.
EURCAD short is valid 👇👍We are using our trend following EDGE strategy for this trade.
Trade has been live since 5:30 UK time.
Entry details are shown on the chart.
Working the M30 time frame on this strategy.
We're only looking for TP3.
Last trade can also been seen on chart which was a successful long.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
Wait for buy signal in the asending channel with EURCADH2 time frame.
Structure: Ascending channel.
The price is currently at the confluence between the uptrend line and the support at 1.48600.
Waiting for the price to confirm the bullish signal, it is possible to enter a buy order to continue with the ascending channel of EURCAD.
The profit target is the 1,50000 zone.
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Wish you all have a good trading day!
EURCAD to drop to 1.47978After price made multiple attempts to break the channel, if finally does with momentum to the downside and tends to move back towards it and retests the channel with the zone area altogether by a bearish candle. This symbolizes the beginning of bearish pressure and thus signals a shorting opportunity.
EURCAD facing bullish pressure | 2 Sept 2021EURCAD holding within ascending channel . With technical indicators showing room for further bullish upside, a further push up above our entry at 1.49121 towards our profit level at 1.49960 could be possible.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EUR/CAD Analysis KiSS 2.0 Trade LevelWelcome back!
Please support this idea with a LIKE and COMMENT if you find it useful.
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EUR/CAD Analysis - the pair has pushed from previous daily support @ 4690 and should give us a continuation from resistance. If you trade KiSS 2.0 strategy, watch for price reaction at the highlighted resistance and plan to short
from this area for scalp/intraday pending entry criteria rules.
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
- BKH
EURCAD facing bearish pressure | 4th August 2021EURCAD is reversing from sell entry, in line with 100% Fibonacci extension. Prices are expected to fall to take profit, in line with 127.2% Fibonacci extension. Alternatively, prices may rally to stop loss, in line with 161.8% Fibonacci retracement extension. Indicator showing bearish reversal.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.