EURCAD - FOREX - 21. OCTO. 2019Welcome to our weekly trade setup ( EURCAD )!
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1 HOUR
Bearish price action towards previous support zone.
4 HOUR
50% Pullback of previous x-a wave formation and prices at strong support zone.
DAILY
Bullish market with small wave pullback, good long entries.
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FOREX SETUP
BUY EURCAD
1ST ENTRY @ 1.45830
2ND ENTRY @ 1.45610 (wait for trigger)
SL @ 1.45230
TP @ 1.46490
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
EUR-CAD
EURCAD D analysis [120pips]CAD in last time is not have to much good ec results, strong bulish candle up trend formed, i expecting continuation, technicaly looks good
ENTRY: 1.46600+-
TP1: 1.46900
TP2:1.47200
TP3: 1.47500
TP4: 1.47800
TP5: 1.48000
SL: 1.46000
lowest SL2: 1.46300 good option for SL
Chart time frame - D
Time for reaching TP - 1 - 5 days
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All best!
EURCAD sell signalI am follow situation on EURCAD in last period, CAD is gain positive results from Employemnt change yestarday, which is give to CAD power, time line on good place, technicaly looks more on sell.
ENTRY: 1.45650
TP1: 1.45350
TP2: 1.45200
TP3: 1.45100
SL: 1.46150
Chart time frame - 1D
Time for reaching TP - 1-5 days
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All best!
EURCAD longPrice has reached the 61.8% pullback on daily with a possible INV head n shoulder formation happening. Should we breakout of the range I will be looking for a slight pullback and trend back up to 1.63 on the DAILY CHART. This can take months to weeks.
Overall we are close to finishing this impulse correction impulse move.
I will be waiting for price to break above the 800 MA Coral before being a buyer.
EURCAD #Forex #ForexTrader #ForexTrading #ForexChartEURCAD - Short
Entering short because of the consolidation.
i have entered short now for reasons such as
>it doesn't seem to be able to make HH's
>Daily TF we are down trending
Will be entering again once there is a breakout candle to the downside.
Any questions feel free to ask
Ben
#PipGainFX
EURCAD: Trading Descending Triangle
hey traders,
descending triangle formation on EURCAD .
on focus is the horizontal support.
if bears break below it, most likely, selling volumes will increase and we will see bearish continuation to lower levels of structure.
T1 - 1.455
T2 - 1.451
Want to know where stop will be? Leave a comment :)
*remember, that the market can also break to the upside!
in such a scenario, setup will be invalid.
EURCAD: Trading Descending Triangle
hey traders,
descending triangle formation on EURCAD.
on focus is the horizontal support.
if bears break below it, most likely, selling volumes will increase and we will see bearish continuation to lower levels of structure.
T1 - 1.455
T2 - 1.451
Want to know where stop will be? Leave a comment :)
*remember, that the market can also break to the upside!
in such a scenario, setup will be invalid.
"EURCAD on an Important Zone" by ThinkingAntsOkWeekly Chart Explanation:
- Price bounced on the Descending Trendline before starting its down path.
- Now, it is against an important Ascending Trendline that was tested three times in the past and could not break it.
- From here, price may follow two paths. It may break and start a violent down move or it can bounce from here and test the Descending Trendline one more time.
Updates coming soon!
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