EUR/CAD Bullish Scenario / Top-Down Analysis🔸 4H CHART EXPLANATION:
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🔸Price bounced at the Support Zone.
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🔸It has broken the Descending Trendline.
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🔸We consider that this pair has bullish potential towards the Resistance Zone.
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🔸 Will look for a lower timeframe bullish setup.
🔸 DAILY CHART ANALYSIS:
EUR-CAD
EUR_CAD STRUCTURE ANALYSIS|
EUR_CAD ESTABLISHES NEW SUPPORT. FINDS RESISTANCE. GOES LOWE TO GAIN STRENGTH
(1) The blue area is the new ultimate utmost recent support
(2) Mirror level to be retested+ex-channel support there too.
(3) Pushup to resistance is expected.
(4) Good area for longs
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EURCAD - SWING - 28. SEPT. 2020Welcome to our weekly trade setup ( EURCAD )!
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1 HOUR
Bullish market open and pressure.
4 HOUR
Overall sideways market structure, good long entries!
DAILY
Market about to push to the upside again..
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FOREX SWING
BUY EURCAD
ENTRY LEVEL @ 1.55930
SL @ 1.55470
TP @ 1.56600
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 testing a daily support 🦐EURCAD on the daily chart bounce over the weekly resistance at 1.54400 and reached the 0.382 fib level at 1.56500.
Price couldn't make new recent highs and broke the ascending channel.
The market tested already three times the daily support at 1.55500 and IF the price will break and close below the structure we can set a nice short order according to Plancton's strategy.
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Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
EURCAD: next week forecastTwo patterns can be seen in the four-hour time frame. a head and shoulder pattern and a symmetrical triangle pattern.
But there are still powerful factors that can prevent a bearish movement: the neckline and the up trend and the support line.
If the price can break them, we can open our sell trades.
EUR/CAD: Trading plan (Quasimodo pattern)Hey guys,
I am watching EUR/CAD and will look to sell if prices enter the supply area (orange box).
This could be another potential Quasimodo pattern.
Should I see any sign of rejection at the supply zone, I will sell the pair and target the first support (at previous lows (marked as "L)) and the second support (at previous lows (marked as LL)).
Total RR is above 4 !
Trade at your own risk
EUR_CAD STRUCTURE ANALYSIS|
EUR_CAD IS TRADING IN A CHANNEL, FACES HORIZONTAL RESISTANCE.
(1) The pair modestly bullish, after breakout from downward channel
(2) Horizontal resistance seems to be well respected
(3) Good chance it might sink to retest channel support.
(4) IF breaks out higher-wait for confirmation.
(next upward resistance is R2 of a channel)
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EUR/CAD Waiting for the Breakout🔸 4H CHART EXPLANATION:
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🔸Price broke the Ascending Trendline.
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🔸As we can observe, it has been choppy for the last weeks consolidating on a corrective structure.
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🔸We are waiting for a breakout to the downside, and also we need a break of the Support Zone. The potential target is the next Support at 1.50500.
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🔸 Will look for a lower timeframe bearish setup once the direction is clear.
🔸 DAILY CHART ANALYSIS:
EURCAD - SWING - 21. SEPT. 2020Welcome to our weekly trade setup ( EURCAD )!
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1 HOUR
Very bearish price action!
4 HOUR
Looking for further downside movement this week.
DAILY
Market looks like its turning bearish now..
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FOREX SWING
SELL EURCAD
ENTRY LEVEL @ 1.56050
SL @ 1.56500
TP @ 1.55430
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 sit on the 0.618 🦐EURCAD after hitting the momthly resistance retraced back till the 0.618 fib level.
Market is consolidation over a weekly resistance and couldnt break below.
IF the price will break above the daily structure can look for a nice long order according with Plancton's strategy
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
Depends If The Bearish Trend Can Be Broken This WeekThis pair actually has been fun. It's spent multiple weeks in consolidation just to do it up massive uptick that made me so proud. Then it pulled off this beautiful short, that actually looks like a giant pullback at first glance on the higher timeframes (daily, weekly).
When it hit the daily key level zone at 1.54626 and bounced off as support, it actually respected the several-week major consolidation area and looks to be positioning itself to break the bearish trendline, or to respect it and keep tumbling on down.
This is my favorite pair so I am just going to rock wherever it goes. Lots of pips either way.
BEAR TPS:
• 1.54812
• 1.54058
• 1.52947
BULL TPS:
• 1.56837
• 1.58161
• 1.59955
• 1.61280