EUR-CAD
Retracement Determines Next MoveKeeping this short and sweet this week.
All the pairs I'm updating are based on Friday's big move. The focus is to determine price direction and next setups. I don't have enough info yet for the next major moves. So trade zone-to-zone.
BULL TPS:
From the 1.45942 zone…
• 1.46382
• 1.47075
• 1.47542
BEAR TPS:
• 1.45942
• 1.45571
• 1.45161
• 1.46641
eur cad bullish begins long to resistancelong to 4 hour resistance trendline
we see impulsive move then retrace down to past .5 fib level of weekly one then buyers pushing price to .5 fib level support
now we can see support on .5 fib level weekly - now entry on support of daily trendline and .5 fib level supports - as weekly wick to the upside - great - now we can move into next impulsive move to the trendline resistance area as target
Eurcad Buy Swing FEB Week 1 Hi All ,
updated chart on this pair , we are waiting for tp1 , as you know this pair has taken forever lol , but we are still on track , the next move is rejection at 1.47637 and we might have a little sell scalp setup at the bullish extension of 1.48021 to 1.46554 where we would more buy entry to final tp .
Please note i'm not looking or actively wanting to sell euro till mid july/ aug . So will long any pullbacks .
Many Thanks .
EURCAD - FOREX - 30. JAN. 2020Welcome to our weekly trade setup ( EURCAD )!
-
1 HOUR
Bullish break above previous H1 Highs.
4 HOUR
Prices came back to previous resistance zone.
DAILY
Bearish market in a pullback, great short entries!
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FOREX SETUP
SELL EURCAD
ENTRY LEVEL @ 1.45770
SL @ 1.46300
TP @ 1.44720
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Bullish Scenario on EUR/CAD by ThinkingAntsOk4H CHART EXPLANATION:
Price was on a downtrend, but after bouncing at the Daily Support Zone (detailed on the chart below), it has broken the Descending Trendline. We are waiting for a retracement and consolidation to look for long entries on this pair.
DAILY CHART: