Eurcadanalysis
EURCAD buyThe market was in the downward direction. Now I see signals that the direction is changing to up. I have assigned a place and a price to open a long position. I set a target 1 because from there the market may return to the zone. Target 2 is a destination where I expect the market to reach.
A divergence signal appeared with EURCADH4 time frame.
Structure: Downtrend.
A divergence signal and a double bottom reversal pattern appeared at the strong support zone of 1.43000.
Wait for the price to break the Key level and confirm the retest to find buying opportunities.
The profit target is the price zone of 1.46500.
-----------------------------------------------------------------------------------------------
Wish you all have a good trading day!
EURCADBullish Indicators:
Support Zone at 1.42936
Bearish Indicators:
Resistance zone at 1.44824 Fib level 23.60%
Plan A: One can take a long position on the breaking of resistance zone of 1.44824
Plan B: One can take short position on the breaking of support zone of 1.42936.
Fibonacci setupFibonacci setup spotted on EURCAD. Brief pullback on Fibonacci 0.50(golden zone) after downtrend. Hence forecast price could fall after key zone is respected
EUR/CAD Possible Buy opportunityWaiting for EurCad to break out of this range to start a nice rally to the next weekly area. We are currently at a very important weekly support, lots of daily rejections as well. Looking for a nice break and retest on the yellow box to go long
EURCAD: Breakout TrapBuyers have been led to slaughter in this breakout trap! We are so close to the weekly low a breakaway from here seems unlikely.
Price is likely to collapse from here and tackle all the stop losses from people who got caught in the breakout buys trap today.
Once stops have been hunted and liquidity has been created we can swoop in with buys as illustrated.
Please, support this post with a like and comment!
Trade idea for EUR/CAD. Short and long.Expecting a rise in volatility with the upcoming rates announcements with BOC and ECB. Will consider long position should price break and re-test current resistance. Will consider short position should price break and re-test current support. Expecting moves to previous supports respectively. Will not enter a position if the price continues to stay within the current support/resistance zone until after the announcements.
R/R both directions ~2.5
Risk - 1%
Buy the rumor, sell the news.
Stay safe and stick to your plan.
Best of luck!!
EURCAD possible longAfter a long downtrend, it seems a reversal on H4 and Day with the support of weekly bullish candle. It breaks h4 pattern and retesting and hopefully bull will be in control soon.
Eurcad waiting for a bullish breakForming inverted hns . Expected to break and retest for a bullish move.
EURCAD Trade Idea - LongEURCAD is consistently fall in price since 20th sept to 20th oct almost for month and now it has stopped it fall and consolidating within the channel pattern. According to chart pattern analysis, we might see EURCAD price bounce back toward Fibonacci retracement level
(as shown in chart) . Long trade on EURCAD can initiate with stop loss and money risk management .
Thank You.
EURCAD Buy Ideawe're waiting this pair to close a momentum candle over our last touch of the descending channel so we can take a buy position
if anyone have a comment on my analysis please share it
Good luck
FOREX WEEKLY ANALYSIS : EURCAD eurcad is looking for reversal very soon
wait for breaking trend line and go up with it
OANDA:EURCAD
EURCADBullish Indicators:
1) Double bottom
2) Support at 1.43192
Bearish Indicators:
1) LH LL
2) Downward Trend
3) Resistance zone at 1.44406 and the upward trendline.
Plan A: After making double bottom one can take a long position from here or on the breaking of upward trendline for the target of 1.46223
Plan B: On the failure of breaking of upward trendline and resistance zone at 1.44406 one can take short position for the target of 1.43192.
EURCAD Broke the Monthly flagHi there,
EURCAD broke the bearish flag on Monthly timeframe, big bearish signal.
As you see oil also changed the trend, and its now in a uptrend after it broke the previous top, but soon oil will make a correction, so eurcad will make a correction as well.
Wait for the price to retest the broken bearish flag, then short it from there to the targets mentioned in the chart.
Good luck
EURCAD LONG IDEAHey guys, this pair is currently trading on the daily support. There's a double bottom on the daily time frame. On H1, we see an inverted head and shoulder pattern which is a reversal pattern. I'm long on this pair. My bias will be invalidated incase that daily support zone is broken.
Happy trading
EUR/CAD Looking For Longing Opportunity EURCADEURCAD reached a weekly and monthly major support level and retested the trendline after a strong impulse to the downside without any correction. We can expect growth from here before continuing the move to the downside or break of the bearish movement.
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
EURCAD - TIME FOR A BULLISH RUN?We've seen EURCAD decline for a couple of weeks now, plummeting over 500 pips from 1.5 (LQP). At recent, the market is approaching a demand zone around 1.44. The pair is still within Bearish market conditions i.e from the 4H time-frame the market structure is bearish. A shift in MS from Bearish to bullish around the target zone will trigger a bullish run. We should see the market retrace to either the 50.0% or 61.8% (Golden ratio) Fibonacci retracement level on the impulse run.
Swing Trade with an insane risk:reward ratio.
TP1 @1.4500 and TP2 @ 1.750
SL max 50pips below entry level.
Happy Trading Week!!
Please like, comment and follow if you found this helpful!!
