Bears still dominate EURCAD market...On H4, bears are still in control creating lower-low and lower-high. Watch out for a little pullback to previous swing low.
EUR-CAD
EURCAD: Structure Based Trade
Hey guys,
I was asked a lot about my view on EURCAD and where is the safest place to buy.
As the pair reached 1.47 I was very skeptical in bullish continuation and I was expecting the retracement.
Now the market is approaching a significant support area and I am paying close attention to a highlighted zone.
I will be waiting for a bullish breakout of a falling parallel channel as a confirmation signal to open long.
My stop will go below the lowest point of the channel
and target levels will be 1.462 and 1.468
*if you have a question, leave it in a comment section
Potential Trade Setup For Swing Trade LongHappy to be returning to the weekly trade setups!
EURCAD is showing a really beautiful setup for the long on the monthly chart. We are currently forming a hammer candle on the monthly and the RSI is at rock bottom. So I will be placing a position trade once I have full confirmation for a buy as a swing trade.
On the 4hr chart, we are sitting on a daily SR level, so this will be a critical point for a pivot this week if the bull run begins this week. I also have a potential MA 4/50 crossover forming for the bull as well on this chart.
So the run will either just setup or begin this week and I'm waiting to see if we have the full take off next month. Here are the potential TPs until there is confirmation for the swing trade bull to begin.
BEAR TPS:
1.45569
1.45103
1.44613
BULL TPS:
1.46452
1.46795
1.47072
1.47494
1.47935
EUR_CAD: Euro Falling Down from the TopEuro is down below the support.
A big reward rather than risk, not bad to take short till the support down
EUR CAD BUY (EURO - CANADIAN DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
Easy 250+ pips, dont miss! - EURCAD - BUYAfter analysis i can say we will haveve much more bigger UP trend. EUR is start gaining power today, trend line is in good position, MACD same showing there is good chance for up UP trend. CAD is be one of strongest currencys from last week, today in my opinion and technicaly hat i can see is start losing power.
TP1: 1.45750
ENTRY: 1.45490+-
SL: 1.45150
Chart time frame - 1D
Time for reaching TP - 8 - 72 hours
More information soon!
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Thanks on supporting!
All best!
EURCAD ObservationUltimately I see EURCAD heading down.....
Price is at the bottom of the weekly range and can start pulling back up now.., sitting at the top of the daily, and in the middle of the hour....
No good setup besides scalpers inside the bullish flag. I can see Euro pumping up, USDCAD going up, GOLD going down correcting, and OIL getting cheaper at the moment.
STRONG buyers and sellers at 1.66 and 1.25 on weekly..watch closely for a month before making any vast decisions if you are a long term swinger.
Please observe that price slightly broke weekly and next week it could be eaten up and we can head higher. Usually we always pull back just like we did on the hourly frame 7th of Aug zone then we continued down for 3 weeks slowly.
Enjoy the weekend everyone!
EURCAD: Major Support level hit. Long term Buy Opportunity.The pair has made contact this week with the 1M Support at 1.44400, which has been holding since July 2017. 1D has turned neutral again (RSI = 52.238, STOCH = 47.643, Highs/Lows = 0.0025) for the first time since mid August and 1W is following (RSI = 42.682, Highs/Lows = 0.0000). The Resistance Levels on 1W and long targets are 1.50000 and 1.52000.
Note also that by touching 1.44400, EURCAD has also made contact with the Higher Low trend line since 2012 (see the chart below), which is a major buying accumulation level. This further solidifies the current bullish perspective.
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EURCAD: Catching Pullback
EURCAD is approaching a strong level of support on weekly.
on 4H chart the price is currently coiling withing the falling parallel channel.
on my focus is 1.455 level,
if bulls break above this level, I will look for a long trade.
T1 - 1.468
T2 - 1.480
EURCAD #Forex #ForexTrader #ForexTrading #ForexChart***Possible*** EURCAD long depending on your rules for entry... waiting for the close of the daily candle and i'll be looking for long opportunities.
Equal Measured Move
Hammer candle forming
BCO took a hit
EURCAD continuation of a downtrend?EURCAD going down and breaking another important swing low with a very strong candle!
We might see a continuation of this downtrend till tomorrow, with the important news on the Interest Rate decision that could change the market scenario.
Is Selling EURCAD pair apPealling or aPpalling to you?EUR is weakening while CAD is strengthening. Combining the 2 currencies, if EURCAD is for a short trade, will that be appealing or appalling to you?
PLAN YOU TRADES AND TRADE YOUR PLANS
2nd Short EURCAD position - Wider StopTaken a second short EURCAD position with a wider stop above prior breakout day's high.
EURCAD SELL ORDERif the market will retest the yellow zone box, and it close under the yellow box or in the yellow box, put a sell trade ands goodluck !
EURCAD Triangle VOL IIAnother Descending Triangle on EURCAD. Possible fundamental background confirm the forecast.
EURCAD - BANK LEVEL TRADINGeurcad structure = bearish, wait for break and retest of 1.47000.
target = 1.46000
EURCAD Potential Long
EURCAD is approaching significant demand zone.
The market is currently trading within the falling wedge pattern.
If bulls break and close above the resistance line of the wedge,
for us, it will be a perfect signal to long the market.
Stop below the lowest point of the wedge.
T1 - 1.485
T2 - 1.495
