EUR-CAD
EURCAD looking for the 0.382 weekly fib 🦐EURCAD on the weekly chart is looking for a cup and handle pattern and the 0.382.
The market which is moving inside a daily descending channel in a lower low lower high move.
We expect the price to touch the 0.382 over a weekly support at1.53800.
IF the market will give us a sign of inversion we will set a nice long order according to Plancton's strategy.
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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 Indecision Zone!Price is between sellers and buyers territory, thats what we call indecision zone. Major trend is bearish but we can look for short term bullish move above the 1.54800 where price come back in buyers territory but on H1 time frame.. Trend reversal can be expected when price broke weekly resistance level at 1.55030. Until then we can trade it to that point or of course look for sell entry below the 1.54460.
EUR/CAD Breaking the Support Zone🔸4H CHART EXPLANATION:
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🔸Yesterday we posted an Idea on this pair talking about the two potential scenarios that we were analyzing.
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🔸As we can see, it is breaking the Support Zone, so, we are considering the bearish scenario right now.
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🔸What we are waiting is for a clear consolidation below this zone (corrective structure) to get involved on this pair.
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🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
EUR/CAD Waiting for the Breakout🔸4H CHART EXPLANATION:
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🔸Price broke the Major structure after bouncing at the Support Zone, and then did a corrective structure.
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🔸As we can see, it did not break the structure to the upside, so, our bullish view was cancelled.
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🔸Now, we are waiting for a breakout of the Support Zone before considering a bearish position on this pair.
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🔸 Will look for a lower timeframe bearish setup
EURCAD testing the 4h structure 🦐EURCAD broke last week the trendline and the daily structure at 1.55500.
Ther market is now consolidating above a minor 4h structure at 1.55 and already retested with a spike the daily structure above.
If the market will break and close below the structure, at the retest of it we can set a nice short order according to Plancton's strategy.
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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.
Don't miss the great sell opportunity in EURCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.567). 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 30.
Take Profits:
TP1= @ 1.5570
TP2= @ 1.5520
TP3= @ 1.5430
TP4= @ 1.5195
TP5= @ 1.5050
SL: Break Above 1.574
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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 (1.567). 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 30.
Take Profits:
TP1= @ 1.5570
TP2= @ 1.5520
TP3= @ 1.5430
TP4= @ 1.5195
TP5= @ 1.5050
SL: Break Above 1.574
❤️ 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 ❤️
Buy the Dip of the Range in EURCAD.I am looking to buy the dip of this current range support of 1.5550 to 1.5562.
Trade is very simple, I am looking the buy the bottom of this range which is very oversold and correction to the upside is expected.
This trade offers better risk reward than Sell stoping below this support area
My take profit would be slightly below 1.5600, roughly 40 pips.
Good luck!
Tibor
Good luck!
EURCAD - SWING ANALYSISEURCAD - I have drawn a swing pattern over the chart, Based on the analysis it should go down from here.
My approach will be a sell in the range 1.55170 - 1.55470
Maintain stop loss around 1.55850
Potential downside target 1.54400 - 1.53200
Follow the levels as mentioned
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EUR/CAD: Simple price action tradingHi guys,
Saw this trade a little late!
The idea is to wait for a pullback (if any occurs) and buy the pair which is breaking out. I will target the next supply area.
If I don't see any minor pullback I will not enter the trade.
This trade is similar to EUR/NZD I took this morning (check below).
Trade at your own risk
EURCAD on a daily structure 🦐EURCAD on the 4h chart is moving inside an ascending channel.
The price tested few times daily support and now reaches an interesting point at the cross of the support with the trendline.
IF the price will break and close below the structure we can set a nice short 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.
Long Weekly Wick Could Signal A Sell This actually looks like a hot mess. The bull candle on the weekly created a long wick last week, so we may be going short for the remainder of this week for now.
I'm looking for some hint of a reversal if it goes bullish from creating a lower high. Otherwise, if price can get to and break the 1.54360 area. Let's find out. Here are some TPs in the meantime to aim for:
BULL TPS:
• 1.56195
• 1.56543
• 1.57307 (if it breaks and retests TP2 as support)
BEAR TPS:
• 1.55366
• 1.54816
• 1.54058
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 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!)
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Have a great week everyone!
ALAN