EUR-CAD
ANALYSIS ON EURCADHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the price is currently in the symmetrical triangle. Wait for the breakout.
Let us know your views on this in the comment section. Thank you all.
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Ryan.R..Lopes
Don't miss the great buy opportunity in EURCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.5192). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 68.
Take Profits:
TP1= @ 1.5246
TP2= @ 1.5305
TP3= @ 1.5432
SL= Break below S2
Don't miss the great buy opportunity in EURCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.5192). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 68.
Take Profits:
TP1= @ 1.5246
TP2= @ 1.5305
TP3= @ 1.5432
SL= Break below S2
EURCAD bullish bounce - possible BUYEURCAD is bouncing for a third time from liquidity pool at 0.50fib and confluence level supported by daily 100ema. Starting this week we have risk off tone benefiting safe havens more than risk and commodity currencies. 1.51 area is great support and order block. Nopthing changed much fundamentally, and EUR is still much vulnerable, but money flows tend to support falling currencies inside indecisive sideways market. This pair is interesting since it moves rapidly and has huge volatility moving on average 200 pips approx by daily measure.
We still need to confirm bull breakout on 1h and higher timeframes which means this move is NOT CONFIRMED YET! But this gives us an edge over then market knowing sentiment is supporting possible retracement from last selloff. Therefore we can prepare our entries and wait perfect moment to enter.
PATTERNS
Looking from 4h lows we have double bottom pattern with 4h bullish engulfing candle pattern. On 1h we have hammer candle+ breakout of last swing high and new higher high.
POSSIBILITIES:
More than 100 pips are on the table for bulls to get decent retracement towards the nearest major swing point (1.53 area of liquidity) where profit taking might occur along with new sell entries. Until then I think it's good r/r to enter the market with low/medium risk.
EURCAD Bullish IdeaNot much to explain aside from using the price action structure provided in this pair.
4H EUR/CAD LONGEUR/CAD has pushed strongly to the upside for weeks now and has failed to break below key support areas.
I see a strong impulse to the upside now, and am waiting for confirmation before
entering the long trade to the indicated resistance zone.
Don't miss the great buy opportunity in EURCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.5218). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 49.
Take Profits:
TP1= @ 1.5340
TP2= @ 1.5490
TP3= @ 1.5650
SL= Break below S2
Don't miss the great buy opportunity in EURCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.5218). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 49.
Take Profits:
TP1= @ 1.5340
TP2= @ 1.5490
TP3= @ 1.5650
SL= Break below S2
EURCAD: Reversal After RSI Bullish Divergence [Quick Updates]Hey all, here’s another entry on my tradingview series called 'Quick Updates'.
We see the RSI divergence here play out nicely, with an immediate confirmation of the price reversal. When the RSI makes a higher low and the price makes a lower lower at the same time, we can see that the momentum is resetting while the price is still dropping. This often indicates that the momentum will soon lead to upwards price movements.
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
WOL3.1 #72EURCAD sell stop 1.55264
SL 1.58915
TP 1.47962
R= 365.1 pips
Si el precio llega a 1.51619, mover SL a 1.54552
WOL3.0 #48EURCAD sell stop 1.54295
SL 1.58735
TP 1.45434
R= 444.0 pips
Si el precio llega a 1.49855, mover SL a 1.53398
Correction DueYou missed a helluva move last week with this pair if you weren't paying attention. So this week, we're trading the possible retracement for continuation. It depends on what the market feels like. Right now, it appears this will continue bullish after a correction.
BULL TPS:
• 1.54878
• 1.56354
• 1.58161
BEAR TPS:
• 1.53960
• 1.52947 (zone where retracement will possibly end for continuation)
• 1.52140
• 1.50998
EURCAD. What direction it will choose?Hello everyone!
This is my analysis on EURCAD for this week. As you can see we have 2 scenarios. I will look for LONG trades if price will go higher than 1.56228. Otherwise if price will go under 1.54300 and comes to retest I will start looking for SHORT positions.
Remember to use your own entries.
Have a great week and support me if you like my work!
EURCAD - 400pip SHORTSee chart for entry.
Stoploss:
Entry 1: stop loss above pattern
Entry 2: Stoploss above retest level
TP: 1.515
EURCAD has re-entered a critical level, swing sell availableWatching EURCAD today for reversal signals at this level. Potential for a multi week short trade after yesterday's Euro buying
EURCAD on RSI bullish divergence | 29 April 2020We have EURCAD requested by Amphibious, in the long run, EURCAD is still on bearish trend , but we decided to go for a short-term long trade as RSI is showing us a bullish divergence . To protect us better, we have use nearer sl and tp.
If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!
Entry: 1.5254
TP: 1.5234
SL: 1.5064
EURCAD Buy SignalPattern: Pull back towards the 1W MA50.
Signal: Bullish once the price makes contact with the 1W MA50. It is a recurring pattern since 2014. After a Channel Down, the price breaks upwards the then pulls back for a bounce on the 1W MA50 before making a new High.
Target: 1.6000 (just below the Resistance).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
EURCAD on RSI bullish divergence | 29 April 2020 We have EURCAD requested by Amphibious, in the long run, EURCAD is still on bearish trend, but we decided to go for a short-term long trade as RSI is showing us a bullish divergence. To protect us better, we have use nearer sl and tp.
If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!
Entry: 1.5254
TP: 1.5234
SL: 1.5064
