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EUR-CAD

EURCAD on a daily structure 🦐EURCAD after hitting the monthly resistance started a retracement move with a lower low lower high movment. Market hit the 0.5 fib level of the major leg that also was a daily support. At this level we will not take any trade but we will wait the market to give us a confirmation. IF the maket will break above the daily support and break the minor channel we can look for a long position for the retest of the monthly high. On the other hand if the market will break below the daily support and consequently break the dynamic trendline we can set a nice short order according with the 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.
by InkyGrip
2
Don't miss the great sell opportunity in EURCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.5615). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Take Profits: TP1= @ 1.5575 TP2= @ 1.5530 TP3= @ 1.5487 TP4= @ 1.5436 TP5= @ 1.5390 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 ❤️
Short
by ForecastCity
8
Don't miss the great sell opportunity in EURCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.5615). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Take Profits: TP1= @ 1.5575 TP2= @ 1.5530 TP3= @ 1.5487 TP4= @ 1.5436 TP5= @ 1.5390 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 ❤️
Short
by ForecastCity
8
EURCAD - SWING - 18. AUGU. 2020Welcome to our weekly trade setup ( EURCAD )! - 1 HOUR Bearish market open and pressure. 4 HOUR Overall bearish market structure, expecting more downside. DAILY Great short entries, prices high in our opinion. - FOREX SWING SELL EURCAD ENTRY LEVEL @ 1.57050 SL @ 1.57730 TP @ 1.55990 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
Short
by DACapitalTrading
18
EURCAD Long Setup & AnalysisThe EUR COT Report came in positive once again and pushed the record long contract sizes even more. A few days ago, we’ve reached a major supply zone which may be a trigger for a increase in the short contract sizes. As we predicted for the EURCAD, price reached right below the 1.60000 area, where it was met by strong supply pressure. This may push price towards the weekly bottom trendline near 1.52000. It aligns perfectly with the daily critical zone and with the 0.5 Fibonacci level. As we’ve seen many times in the past, price likes to move a bit below the weekly trendline before it once again moves above it, and this is why I suspect that price may even reach the 1.47000 mark. Right now, for the first down wave we have 2 possible scenarios for EUR/CAD: 1.Price moving straight towards the weekly trendline near 1.52000. 2.Price building another top near 1.60000 before going towards 1.52000. Happy Trading!
Short
by SigmaTrading
2
EURO-CANADIAN STRUCTURE LONG|TRADING PLAN EUR/CAD is trading above the confluence of support lines both horizontal and diagonal. The overall sentiment is bullish, or at least a pullback from the support levels is expected. Thus out target trade is long. TRADING PLAN: Long at the entry point-on the chart SL below the support area TP on the chart. T1 and T2 both are below the diagonal resistance line, so both are more than feasible. T3-trailing stop effectively. Thank you for reading, like and subscribe and have a nice day!
Long
by ProSignalsFx
1
Don't miss the great sell opportunity in EURCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.5784). 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 43. Take Profits: TP1= @ 1.5658 TP2= @ 1.5572 TP3= @ 1.5478 TP4= @ 1.5385 TP5= @ 1.5055 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 ❤️
Short
by ForecastCity
21