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EUR-CAD

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.
Long
by fxmonarchy
3
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
Long
by ForecastCity
16
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
Long
by ForecastCity
10
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 -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Long
by Trading-Guru
3
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
Long
by FXCM
10
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
Long
by FXCM
2
EURCAD SHORT TRADEStrong bearish wave ended at level 1.5117 then corrective bullish wave occurred forming continuation rising wedge pattern Price rejected from supply zone and 50% Fibonacci level of preceding bearish wave at level 1.5414 then price broke lower edge of rising wedge pattern Now price is below HVN at level 1.5246 which indicates that pair is in distribution phase Below SMA 100 MACD shows start of bearish momentum It's expected to target demand zone at level 1.4940
Short
by MMFXSignals
EURCAD - SWING - 27. APR. 2020Welcome to our weekly trade setup ( EURCAD )! - 1 HOUR Bullish PA and close above our main sr level. 4 HOUR Overall bearish market in pullback, good long entries! DAILY Waving market structure, expecting another push to the upside. - FOREX SWING BUY EURCAD ENTRY LEVEL @ 1.52500 SL @ 1.51330 TP @ 1.54170 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
Long
by DACapitalTrading
9