EUR-CAD
EURCAD Head and Shoulders Hey everyone. Today I analysed EURCAD and we can see potential head and shoulder and we have really good risk/profit reward. Also we can see RSI divergence and it proves us the potential movement down
Our plan is:
SELL LIMIT - 1.47534
STOP LOSS - 1.47701
TAKE PROFIT - 1.47193
"EURCAD: up move coming" by ThinkingAntsOk4 Hour Chart Explanation:
- Price bounced on the Weekly Ascending Trendline.
- It is currently under the Descending Trendline.
- If it breaks it at 1.48, the up move may have started.
- Our main targets are the Middle Resistance Zone at 1.493 and, then, the Resistance Zone at 1.518.
Our Weekly and Daily Analysis support this idea. Take a look!
Weekly Vision:
Daily Vision:
Updates coming soon!
EURCAD SS Short + 117 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.4747
Stop = 1.4767
Risk = 20 pips
Profit target = 1.4630 ( The projected daily low )
Reward = + 117 PIps
RRR = 5.85 - 1
2nd Entry = 1.4699
Stop = 1.4629
Risk = 30 pips
Profit target = 1.4609
Reward = + 90 PIps
RRR = 3-1
I would appreciate if you leave a comment or like as a thank you
Have a great week !
Allen
EURCAD Triangle+DivergenceShort trade, good Risk-Reward Ratio. First target the support level. Divergence confirm the forecast.
EURCAD Short Opportunity PENDINGEURCAD Short
Week of 8/12-8/16
Anticipating USD and CAD strength which should provide a nice trade on EURCAD. Will update as week progresses
eurcad shortnow trade is a little bit risky, if you wanna be 100% sure you can entry below blue scare!
tp over 200pips à
risk: minesss 50pips /
Short EURCAD - Bounce off prior resistanceFollowing a bounce off prior resistance and a fundamental short bias, short EURCAD at 1.4815.
EURCAD - weekly pivotsOne more close look at EURCAD, what and where you can target after head and shoulders above yearly pivot line (didnt plot that). U see MACD can be used to confirm important horizontal resistance levels. But volume is a key, its a fuel. Price will move where the volume goes violating all trendlines you draw. Dont trade without checking the volume. Trendlines dont work, its waste of time to draw them on charts. From my experience Chaikin AD volume line is the most accurate. But I use it in combination with OBV. If OBV and AD line move in same direction - price will follow there. If they diverge, I will avoid trading, it might indicate ranging. Stop 14 pips above daily R1 (didnt plot that), which is slightly above weekly R1. U see big boys do hunt stops above pivot points. Usually it pierces 4-10 pis above as most stops are tight above pivots.
EUR CAD EUR CAD-
We will be waiting to see how price reacts around the 4 hour 50EMA
If there is a rejection from here we will be watching the 1.4860 level to taking a sell position which would complete the right shoulder on the 4 hour time frame.
EURCAD SHORT
sell bearish breakout of neckline on EURCAD.
market is overbought and rsi shows divergence
Targets - 1.48/1.47
Head and shouldersNice setup in terms of confluence...Classic RSI divergence at major reversal level yearly pivot S1. Chaikin AD volume line is in a nice downtrend on daily since 2016. Yesterday we had very fine shooting star (pinbar) off 200 ema on daily.
EURCAD - Breakout ContinuationEURCAD is currently retesting its breakout down from consolidation on the Daily.
Expect price to continue heading lower either here or at the down trendline.
EUR CAD BUY (EURO - CANADIAN DOLLAR)Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
EUR CAD BUY (EURO - CANADIAN DOLLAR)Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
EUR/CAD Wedge Up - New start!EN: For the 4th time, EURCAD reach the bottom line of the wedge up, so in a medium/long term, we return to 1.65!
FR: Pour la 4e fois, on atteint maintenant la ligne inférieur du wedge up, donc à moyen terme, on revient vers les 1.65!
EURCAD BUY/SELLHi all, I believe that EURCAD has the potential to breakout soon! Expect a breakout, retest, and put your order unless you want to set some pending orders instead! Have fun all!
