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EUR-CAD

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
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
20
EURCAD will continue going UP - Target: 1.60000 🎯COT (Commitment of Traders) perspective: The long contract sizes still dominate over the short with record highs. This indicates us that price still has space to move towards the weekly supply level. The bottom weekly-trendline got respected 4 times and last time price received strong demand pressure. Now it is currently in an upside momentum towards the 1.16000 mark. The weekly supply level has been respected 3 times and in short periods of time, price got rejected down towards the bottom trendline. After price reaches the 1.60000 level, we will update our analysis. Happy Trading!
Long
by SigmaTrading
EURCAD Long Setup - Detailed AnalysisAccording to last week’s EUR COT Report we can see that the long contract sizes are not only dominating the long/mid-term trends, but also there was a huge increase from last week as well. Last week we did amazing on the EURCAD pair. Price finally went over the daily and 1H critical areas near 1.55780 and now we have a great trading opportunity: 1. Price receiving support from the daily critical at 1.55400 and going towards the next one near 1.56600. After that a small correction towards 1.56000 may happen, before we see a move to the monthly critical at 1.58400. After the monthly critical has been reached a strong correction will take place. A move to the 1.55500 mark will be a possibility since it aligns perfectly with the 0.618 Fibonacci level. In order to enter a sell trade after the monthly critical near 1.58400 is reached, we must wait for a strong rejection signal first. Happy Trading!
Long
by SigmaTrading
4
Buying EUR/CAD for a 55-pip trade: but why? Currently inside a structure with this pair. As you can see, the resistance we had a couple of hours ago seems to turn now into a support. Price is above all EMA's and managed to stay above the daily pivot level. I am buying the pair @ market price and will target the top of the structure, around 1.55800 levels. A nice 55-pip trade! Today I am taking advantage of EUR strength and CAD weakness. Check out my past analysis to see the way I trade! Trade at your own risk
Long
by SwissPips
4
EURCAD - SWING - 21. JULY. 2020Welcome to our weekly trade setup ( EURCAD )! - 1 HOUR Very bullish price action and takeout. 4 HOUR Expecting another push to the downside taking out several long holders. DAILY Overall bullish market turning right now, good short entries! - FOREX SWING SELL EURCAD ENTRY LEVEL @ 1.54650 SL @ 1.55330 TP @ 1.53640 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
5