EUR-CAD
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
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