EUR-CAD
EURCAD - Alternate Bat - Harmonic PatternHarmonic Pattern - Short
Large bearish engulfing candle confirming the pattern validity.
Classical approach take profit at 38.2 & 61.8 AD retracement.
Alternatively you can use resistance levels and/or moving averages as TP
EURCAD uptrendOn December 15, the upward trend of M30 at EURCAD started.
The trend continues to develop well, currently trying to break the resistance at 1.5737.
Closing above this level will open the possibility of rising to:
1.5770
1.5803
1.5838
Don't enter into a trade before a break!
The scenario fails when the previous bottom breaks.
If you have questions about how to trade this or another situation, contact us!
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💡 Don't miss the great sell opportunity in EURCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.5665). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 1.5580
TP2= @ 1.5526
TP3= @ 1.5450
TP4= @ 1.5370
TP5= @ 1.5280
SL: Break Above R2
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💡 Don't miss the great sell opportunity in EURCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.5665). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 1.5580
TP2= @ 1.5526
TP3= @ 1.5450
TP4= @ 1.5370
TP5= @ 1.5280
SL: Break Above R2
❤️ 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 on a retracement move 🦐EURCAD on the 4h chart attempted to break the 1.54500 resistance area without success,
The price from there got rejected and now testing a resistance structure.
IF the market will break above we can set a nice long order according to Plancton's strategy.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
EURCAD on a minor support 🦐EURCAD on the 4h chart after touching the upper trendline at 1.57 level got rejected.
The market went back at the 1.55 level and now testing a minor support.
IF the price will break and close below, we can set a nice short order according to Plancton' strategy.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
EURCAD testing a resistance structure 🦐EURCAD after hitting the weekly fib level at 1.53600 created a nice impulse.
The price hit the 1.55500 level and retraced back exactly until the 0.5 fib level.
IF the market will break and close above the structure we can set a nice long order according to Plancton's strategy.
--––
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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
USD gains broadly as stocks consolidate gains...USD gains broadly as stocks consolidate gains; ADP jobs at 8.15.
CAD steadies around mid 1.29s with flat crude oil.
EUR drops to mid 1.20s as UK trade risks linger.
GBP falls sharply as Barnier warns of no trade deal.
JPY reaches one-week low as move away from safety extends.
AUD supported by better than expected Q3 GDP.
Will Previous Market Structure on Weekly Be Respected?On the 4 hour, it looks like a baby head, neck, and shoulders is forming to signal the bull. The right shoulder is missing. BUT, it's the weekly charts that got my full attention. It shows price is bearish, but a bit jagged.
We're sitting on top of where a previous market structure took place. If we break the range at 1.50748, we're gonna be in for a nice nosedive. This is my favorite pair. I can't wait to see what it does.
BULL TPS:
• 1.52947
• 1.53709
• 1.54582
BEAR TPS:
• 1.51824
• 1.50998
• 1.49809
• 1.49015
May Still Remain BearishLooks like we're staying bearish until we can break the trendline above. Not sure how much higher we'll get since it looks like we've met the lower high last week or close to it. So I am going with the flow with this pair.
BULL TPS:
• 1.55870
• 1.56543
• 1.57307
BEAR TPS:
• 1.55227
• 1.54812
• 1.53894
EURCAD: Morning Scalping
EURCAD is trading in a descending triangle on 4H.
The price has formed a nice dodji candle once it reached its falling trend line.
On hourly the price has formed a head and shoulders formation and successfully broken its neckline.
Now bearish continuation is expected to support of the triangle.
Goal - 1.547
EURCAD LongThe chart speaks for itself, we're long to the daily pivot, which is the 61.8% of this wedge pattern.
Another triangle! EURCAD!This is the third triangle-based trading opportunity this week.
The triangle is a figure from the technical analysis, which is not very common, but is distinguished by its success.
The third possibility to break a triangle is with EURCAD.
This is our analysis of the pair from 17th, which is currently performed through the H1 triangle.
If you do not have an entry yet, you can wait for a break!
The resistance levels are:
1.5629
1.5725
To support us, like and comment!
EURCAD - Potential rejection of descending channel resistance 🔽EURCAD bounced off the descending channel support as expected from my previous analysis.
Price is testing the descending channel resistance.
RSI is printing a bearish divergence signal.
Sell entry ⬇️ - breakdown below the previous swing low.
Target - descending channel support.
EURCAD ANALYSISStrong bullish wave (A) ended at level 1.5575
then corrective bearish wave (b) rejected from key level
Above SMA 100
MACD shows bullish momentum
RSI is above level 50
It's expected forming bullish wave (c) to target supply zone at level 1.5655
EUR looks stableA break in EURCAD showed the strength of EUR against commodity currencies!
The downward movement in EURCAD of H4 is broken.
The impulse rise allows the price to continue to 1.5557,
and subsequently to reach 1.5630.
A break of the previous peak will be considered to confirm an upward trend.
This can be used to enter or add to an existing position.
To support us, like and comment!
EURCAD looking for a retracement 🦐EURCAD after hitting the dynamic descending trendline look for a retracement move.
The price hit the daily resistance at 1.55450 and couldn't break above.
After an impulse, we expect a retracement and if the market will break below the 1.55 level 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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Leave a comment that is helpful or encouraging. Let's master the markets together
EURCAD - SWING - 16. NOVE. 2020Welcome to our weekly trade setup ( EURCAD )!
-
1 HOUR
Very bearish price action and pressure.
4 HOUR
Closure below main sr level!
DAILY
Expecting prices to push lower now..
-
FOREX SWING
SELL EURCAD
ENTRY LEVEL @ 1.54750
SL @ 1.55620
TP @ 1.53430
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 for a new bearish leg? 🦐EURCAD on the weekly chart after hitting the recent highs at 1.56500 retraced back until the weekly support at 1.53700.
The price bounce and started a retracement move until 1.55100 exactly at the 0.5 fib level retracement of the previous bearish leg, at a minor 4h resistance.
IF the price will break below the lower support we will set a nice short order according to Plancton's sdtrategy.
–––––
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.
