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.
EUR-CAD
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.
------------------------------------------
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.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
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.
-----------------------------------------------------------------------------------------------
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.
*****
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.
EURCAD potential for downside | 4th August 2021EURCAD is reacting below 1st resistance of 1.48983, in line with 100% Fibonacci extension. Prices are likely to fall to 1st support of 1.47605, in line with 127.2% Fibonacci extension. Alternatively, prices may rally to 2nd resistance of 1.49746, in line with 161.8% Fibonacci extension. Indicator supporting bearish reversal.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCAD wedge uptrend continuesHere's my look for EURCAD, a lot of traders and investors went to the short possitions as we can see in volume profile, in my opinion we're not done here yet.
I expecting some activity in the green zone which i drew into chart.
There is 1.48210 which is historical important SR zone.
Market is still mainly into uptrend and bulls still haven't left.
From 1.49300 to 1.51 is lot of accumulated volume which price should pick up.
Structure of trend is very good and price is on lower symmetry of wedge.
Wish you lot of succsess!
EURCAD- Long from supportHello,
Today I have entered long from support in the EUR/CAD.
The stop loss is below any local dips we have seen with an amazing R/R, towards the next resistance. We have also seen the bounce on the daily 20 moving average.
First target- 1.49729
Final target- 1.51030
Good luck if you follow :)
EUR/CAD on a Decisive Area + Potential SetupsGood morning traders! Today we will analyze EUR/CAD, as it is bouncing in a critical zone, and it is worth analyzing it since we can take advantage of both the bullish and the bearish situation.
🔸As we see in the published chart, the price bounces off the Ascending Trendline, where several rejections have already been rejected. We can expect a similar situation again.
🔸As the scenario is still unclear, it is worth considering both the bullish and the bearish possibilities.
🔸The bullish situation implies a movement in this direction towards the Resistance zone and, the bearish situation implies a break of the trend line and the support zone. If that happens, we are likely to see the price move towards the next support zone.
🔸To better detail the previous situations, we are going to reduce the timeframe:
Bullish Analysis:
- What we are looking for here is a break in the Descending Trendline and the Resistance zone. After that, the idea is to wait for a re-test of the broken area and its subsequent rejection.
Bearish Analyis:
- Finally, considering a bearish scenario, we would wait for support + retest, + rejection.
EURCAD Facing bullish pressure | 23 July 2021EURCAD holding above ascending trendline support, showing that price is still holding within a bullish environment. A bounce above our Entry at 1.47763 where we have 78.6% Fibonacci retracement towards 50% Fibonacci retracement and graphical overlap resistance at 1.49336 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.
EURCAD I She will head up Welcome back!
Please support this idea with a LIKE and COMMENT if you find it useful.
*****
EUR/CAD Analysis - 618 fib correction completed on Daily, price at major reversal zone, expect trend continuation.
Be sure to follow the entry criteria rules for your strategy and keep this on your watch list!
- BKH
EURCAD Sell Trade Opportunity (My View)EURCAD Is Another Pair Setting Up For A Nice Move... Looking For Sell SetUps With This Pair In The Coming Days Might Just Prove Profitable. Move/Trend Up Is Currently Losing Momentum & I Am Expecting The Market To Respect This Levels. Ideal Trade Indicated on Chart With SL & TP INidcated. However You Can Alternatively Look For Your Sell Set Ups.
💡Don't miss the great buy opportunity in EURCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4817).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 1.4841
TP2= @ 1.4863
TP3= @ 1.4894
TP4= @ 1.4914
TP5= @ 1.4955
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in EURCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4817).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 1.4841
TP2= @ 1.4863
TP3= @ 1.4894
TP4= @ 1.4914
TP5= @ 1.4955
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in EURCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4768).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 1.4788
TP2= @ 1.4823
TP3= @ 1.4862
TP4= @ 1.4913
TP5= @ 1.4949
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in EURCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4768).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 1.4788
TP2= @ 1.4823
TP3= @ 1.4862
TP4= @ 1.4913
TP5= @ 1.4949
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURCAD testing 1st support, potential bounce!Price is testing 1st support, in line with 50%, 61.8% Fibonacci retracement, 50% Fibonacci extension and horizontal pullback support, where we could see a bounce and further upside towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Stochastics is testing support where price bounced at before as well, showing potential bullish pressure.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.