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
Traders, if you liked this idea hit the like button & write in the comment section.
Why you should follow this tradingview account ?
Managed by top most renowned trader - Pulak Priyesh
10 + years of trading experience
Professional Day trader
Excellence award winning mentor
Professional chart, clear chart without junks.
Major S/R levels with inner insights
Frequent Day & Swing trade levels
All major and minor FX/INDICES covered
Thanks !!
EUR-CAD
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:
.
.
🔸Price bounced at the Support Zone.
.
🔸It has broken the Descending Trendline.
.
🔸We consider that this pair has bullish potential towards the Resistance Zone.
.
🔸 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
____________________________
LIKE and SUBSCRIBE for VIBES
EURCAD - SWING - 28. SEPT. 2020Welcome to our weekly trade setup ( EURCAD )!
-
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..
-
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.
–––––
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)
____________________________________________________
LIKE and SUBSCRIBE for LULZZ!
EUR/CAD Waiting for the Breakout🔸 4H CHART EXPLANATION:
.
.
🔸Price broke the Ascending Trendline.
.
🔸As we can observe, it has been choppy for the last weeks consolidating on a corrective structure.
.
🔸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.
.
🔸 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 )!
-
1 HOUR
Very bearish price action!
4 HOUR
Looking for further downside movement this week.
DAILY
Market looks like its turning bearish now..
-
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