EURCAD intraday looking promising between two key areasEURCAD BUY Intraday
start: 1.53778
stop loss: 1.53625
take profit: 1.54182
EUR-CAD
EUR/CAD About to Break the Range?Good morning traders, today we bring you an analysis on this pair that has been showing a particular behavior for a long time.
🔸As we can see, for about a year that the price has been without a clear trend on the Daily Timeframe. Of course, if we decrease the timeframe, we will find minor trends, but after the strong bullish momentum, all we can see is a consolidation.
🔸At this moment, the price is against a support zone, and every time it faced it, it generated an upward movement, which is why we consider that possibility.
🔸In case that vision fails, we must take into account a possible downside breakout, which if this happens, the downward movement target would be the support zone at 1.51000.
EURCAD a move to the 1.53? 🦐EURCAD on the 4h chart after the bounce on the weekly support reached the 0.618 Fibonacci level.
The price from there turn into a bearish scenario and now testing the 0.5.
According to Plancton strategy, if the conditions will be satisfied, we can set 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.
EURCAD - SWING - 01. FEBR. 2021Welcome to our weekly trade setup ( EURCAD )!
-
1 HOUR
Bullish closure above main sr level.
4 HOUR
Bullish waving market structure..
DAILY
Expecting another push to the upside.
-
FOREX SWING
BUY EURCAD
ENTRY LEVEL @ 1.54830
SL @ 1.54270
TP @ 1.55730
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURCAD LongMarket structure is currently following the Wyckoff Theory, we've seen the spring, we've seen the retest, could this be the last point of supply? Reaction off the .382 fib this morning will likely see the continuation of the bull run at least up to the previous daily highs of last week.
EURCAD: An upcoming BEARISH WAVE?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/CAD
⚪ Technical Analysis :
Since the end of December 2020, the price has been moving with a strong downtrend, breaking through the main S/R level at about 1.54200 but quickly back above the same level.
On the 28th of January 2021, the price reached an interesting S/R zone at about 1.56000, that rejected it many times in the past.
Few re-tests on the same level and the price started falling down again, trying to reach now its previos support zone.
If you would like to have a quick look on my previous analysis, you can click the link below:
🔴 Conclusion :
In the daily perspective the price is clearly following a strong descending channel and it seems is starting a new bearish wave.
I'm confident to see the price breaking through the support zone at about 1.54100, falling down until its next support.
I'm already holding a short position on this trade and I'd add a new short position if the price will properly break the level 1.54000.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
EURCAD - ShortPossible short opportunity on EURCAD.
There has been rejection at resistance (previously was support) and momentum may be turning bullish.
If price moves below the 200 day EMA this gives an indication of bearish momentum and so we could see price break the trend line at 1.5490 and head to the 1.5340 level or the 1.52000 level. At these levels, we have seen bullish momentum and so these areas could take profit targets.
Possible Candle Formation Will Determine Trend DirectionThis looks like an incomplete inverted head, neck, and shoulder forming on the 4hr after the strong bullish move the later half of last week. We did pass a weekly level, so a pullback is likely, but may not hold for very long. If we breakthrough both the weekly 1.55481 and daily level 1.53147 areas, we'll continue on the downtrend seeking to reach a new low. Let's see how this plays out.
BULL TPs:
• 1.55140
• 1.55357
• 1.55772
• Stretch TP: 1.57114
BEAR TPs:
• 1.54481
• 1.53962
• 1.53488
• 1.53147
• Stretch TP: 1.52359
EURCAD ANALYSISEURCAD retested broken downtrendline
Pair respects uptrendline
Above SMA 100
Price rejected from 61.8 Fibonacci level at 1.5486
Pair is based on key level at 1.5490
It's expected forming bullish Elliot wave 5 to target resistance level at 1.5730
EURCAD on the retest of a channel 🦐EURCAD after a downtrend inside a descending channel, break to the upside.
The market broke the trendline and resistance and now retracing back inside a bull flag.
According to Plancton's strategy, if the market will break above, we can set a nice long 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.
💡 Don't miss the great buy opportunity in EURCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.5495). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 1.5600
TP2= @ 1.5665
TP3= @ 1.5735
TP4= @ 1.5825
TP5= @ 1.5975
SL= Break below S2
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Now, It's your turn !
Be sure to leave a comment let us know how do 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 suggested support line (1.5495). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 1.5600
TP2= @ 1.5665
TP3= @ 1.5735
TP4= @ 1.5825
TP5= @ 1.5975
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 trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURCAD: Market of Buyers
Here is our today's forecast on EURCAD.
Our analysis is based on current market fundamental sentiment.
According to our chart EURCAD is trading within a demand zone.
Based on our technical analysis the price will start growing
to the next resistance.
Please, support our analysis with like and comment!
Possible reversal in EURCADOn H4, the downward trend starts on December 22 at EURCAD. In its last part, the trend expanded and made a more impulsive movement.
Last week, however, we saw a very strong rise, which broke the trend line and made a higher peak. This allowed us to see a reversal of the trend.
To confirm that an uptrend has started, we need to see a break of the previous peak and the resistance around 1.5500
This will allow us to see a rise to
1.5608
and
1.5662
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
EURCAD a Cup & Handle pattern? 🦐EURCAD on the daily chart after the round bottom that ended at the monthly resistance started a retracement into a descending channel (handle).
The market reached and attempt to break the 0.618 Fibonacci level retracement.
According to Plancton's strategy if the conditions will be satisfied we can set a nice long 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.
💡 Don't miss the great buy opportunity in EURCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.5363). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 1.5490
TP2= @ 1.5565
TP3= @ 1.5665
TP4= @ 1.5735
TP5= @ 1.5825
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 trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do 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 suggested support line (1.5363). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 1.5490
TP2= @ 1.5565
TP3= @ 1.5665
TP4= @ 1.5735
TP5= @ 1.5825
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 trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURCAD - UPDATEUpdate on the previously posted EURCAD analysis. Price hit our area of interested and dropped. On a smaller timeframe you will be able to see a correction.
EURCAD - UPDATEUpdate on the previously posted EURCAD analysis. Price hit our area of interested and dropped. On a smaller timeframe you will be able to see a correction.
