EUR-CAD
UPDATE! EURCAD testing a 4h support 🦐EURCAD on the 4h chart was moving inside a minor ascending channel.
The price after testing the support at 1.54 level started a new impulse to the upside until the 1.56600
The market broke the minor support at 1.55500 and broke the ascending channel.
IF the price will break and close below the 1.55 level we can 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.
Possible Continuation DownLooking like a strong continuation down for the week. I'm avoiding the USD for now until elections are over, so this will be a focal pair for now. If we do any pivot to the upside, it will be around the daily 1.54626 zone. Otherwise, enjoy the drop if it happens!
BULL TPS:
• 1.55366
• 1.55870
• 1.56543
BEAR TPS:
• 1.54812
• 1.54058
• 1.53468
• 1.52947
EURCAD - SWING - 28. OCTO. 2020Welcome to our weekly trade setup ( EURCAD )!
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1 HOUR
Bearish price action and pressure.
4 HOUR
Closure below main sr level!
DAILY
Great short entries, price overbought!
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FOREX SWING
SELL EURCAD
ENTRY LEVEL @ 1.55440
SL @ 1.55950
TP @ 1.54460
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: Flag Breakout & Bearish Continuation
EURCAD has broken below a support line of a bearish flag pattern.
It is a very strong bearish signal.
now its broken support serves as the safe area to sell from.
I expect a drop to:
1.5475
1.5425
EURCAD on a higher high higher low 🦐EURCAD on the 4h chart is moving inside a minor ascending channel.
The price after testing the support at 1.55 level started a new impulse to the upside.
IF the market will break and close above the minor resistance 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.
EUR/CAD Bullish or Bearish?🔸DAILY CHART EXPLANATION:
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🔸Price has been on a corrective move for the last weeks without clear direction on this timeframe.
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🔸We are waiting for a confirmation here. In case of a bullish breakout of the Descending Trendline, we consider that there is potential for an upside move towards the Resistance Zone.
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🔸In case of a breakout of the Support Zone, the potential downside move could reach the Support Zone.
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🔸 Will look for a lower timeframe setup when the direction is clear.
EURCAD RUNNING +3.5% / 144 PIPS + ALL WITH NO ANALYSISEURCAD PROVING HOW HOLDING YOUR TRADES, STICKING TO YOUR EDGE AND TRADING PLAN CAN WORK.
HOW MANY TIME WOULD YOU OF ENTERED AND CLOSED? HOW MANY TIMES WOULD YOU NOT OF ENTERED?
OUR STRATEGY CAN HELP, REMOVE ALL EMOTION, REMOVE ALL ANALYSIS. JUST FOLLOW THE STRATEGY!
3.5% GAIN BASED ON A 1% RISK.
EURCAD ANALYSISEURCAD broke major uptrendline
Price rejected from downtrendline after retesting 50% Fibonacci level at 1.5525
Price is based below key level at 1.5530
Below SMA 100
Below HVN at level 1.5597
It's expected forming Bearish Elliot wave 5 to target support level at 1.5280
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.
–––––
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 seems to fall downThe price has broke down the low value of the control area, I expect it to fall to the support level.
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.
–––––
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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Trade well, ❤️
ForecastCity English Support Team ❤️
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 ❤️
