EUR/CAD - 200 Long OpportunityEUR/CAD has broken the 50 ema and found support on top of it.
We can expect the move to continue up higher as long as the 50 EMA holds as support.
First TP: 1.5295
Second TP: 1.5345
Third TP: 1.5395
Eurcad4h
[symbol="OANDA:EURCAD"]OANDA:EURCAD[/symbol] SELLOANDA:EURCAD SELL
Hello traders here we have strong demand zone and possible double top pattern
so i sell from here, targets on the chart
EURCADI was stopped out from my set up to counter trend trade this pair. Well, I'm disappointed but losing is part of trading and as long as I know how to manage my own risk on every trades, I'm ok with it. I'll keep watching on this pair if the price can break the resistance level and wait for price action on the pullback to take long position. If this pair does not follow my pre-plan set up, then I'll leave this pair alone. There are lots of other opportunities out there :)
EURCADCounter Trend Trade. My idea is to trade the pullback at least to the first bear fractal on the 4H chart. Daily chart shows a big bullish candle and the price may still goes up touching the top line of the resistance level. My psychological resistance level is based on the resistance level in 2016 previously. Why I take this trade is because the inverted hammer is a strong indication of reversal especially when it is on the support and resistance level. Be mindful that counter trend trade is a lot more risky than trading with the trend. This may also be a bear trap. Let see how it goes :)
EURCADCounter Trend Trade. My idea is to trade the pullback at least to the first bear fractal on the 4H chart. Daily chart shows a big bullish candle and the price may still goes up touching the top line of the resistance level. My psychological resistance level is based on the resistance level in 2016 previously. Why I take this trade is because the inverted hammer is a strong indication of reversal especially when it is on the support and resistance level. Be mindful that counter trend trade is a lot more risky than trading with the trend. This may also be a bear trap. Let see how it goes :)
EURCAD Sell opportunityCURRENCY PAIR: EURCAD ;
Time Frame: 1D - 4H;
SHORT OPPORTUNITY.
R/R Ratio : 3.0
Retest broken trendline + support line.
Long EURCAD Longterm Based on 1D ChartSince gapping up, price has tested and respected a major support/resistance area bounced up from it. Today we've seen price has touched this major support level and price did pierce through but quickly pulled backed and has respected this level. Zooming in on the 4H time frame, candlestick pattern confirms a reversal in the downtrend to an uptrend is probable and momentum is changing with stochs touching 10% oversold.
Check lower TF's for best entry. I've placed Stop loss very tight on the chart but do your own analysis, I may make mine wider.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
EURCAD - Ending Diagonal (Short Setup)The pair is trading within an ending diagonal. We should short at the rejection of the Triangle Resistance with Profit taken at 50% or 61.8%
EURCAD 4H TECHNICAL ANALYSISDue to the falling wedge pattern the price has appreciated, now it is time of correction before moving further upwards. We go Short on this pair at the current level and book our profits at 1.3950 level.
EURCAD SELL IDEAPRICE TOUCHED THE 01.46517 FIBONACCI RESISTANCE LEVEL. IF PRICE FALLS ENTER TRADE BELOW THE 1.45994 LEVEL WITH A STOPS LOSS ABOVE THE 1.46186 LEVEL.
PROFIT TARGET SHOULD BE THE 1.1415 LEVEL.
EURCAD 4H Bullish Patter about to be compleated EURCAD 4H Bullish Patter about to be compleated
Entry is from D point and targets acording to FIBO 23 38 50 61
EURCAD4H Bullish Patter about to be compleated
