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
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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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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