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Eurcadbuy

EURCAD: angry bulls are commingAs you may see in the chart the pair completed a 3 wave down. this may be the end of a bearish run or just part of it. What is obvious in the chart is that we should have a bullish run at least to 1.5043 which is covered with to PRZ target. first the 1.618 extension of the previous upward movement. And the second is 0.382 fib ret of 3 or c. so I am going long with sl: 1.4700 and tp 1.5043 which brings me a 1/4 risk to reward. PLZ like and comment if you found this idea useful.
Long
by mgh85
1
7 June: EURCAD looks good for longHello everyone! Seeing a trend reversal on EURCAD here, on the H1, prices could see a pullback to test the entry which is in line with the 78.6% Fibonacci confluence levels where we could see a bounce here. On the daily and H4 time frame, in terms of market structure, the resistance zones have been broken. I think we could be seeing a lot more upside on EURCAD for this week. In terms of fundamentals, markets will be watching ECB and BOC interest rates decision closely although we are not expecting any changes to the rates this time. BOC might sound less dovish as compared to its peers. Trade ideas posted here daily, follow for the latest updates. If you have any views on the currencies please type in the comments below, I'd love to hear them!
Long
by T3-Consultancy
EURCAD, daily tf, elliott wave forecast of wave-IV and wave-VAs you can see price completed wave-III with the all 5 sub waves. I assume wave-III is completed because waves-5 stopped exactly at 127.2 fibonacci of wave-4. Notice also it hit the support of this downward channel and bounce back up. For now, i think we could see upwards movement to complete wave-IV before another leg to the downside. Buy EURCAD 1.4630-40 Stop loss 1.4530 Take profit 1.5130 (5R) Use only 1-2% risk Good luck After we complete the upwards movement we will then sell again this pair. The target for this pair sell positions is not determined yet because it will be depend on this wave-IV correction length. For now we will assume that wave-IV can retrace towards 50% fibonacci level. As for our stop loss it will be at wave-I area. We will update when we start selling this pair.
Long
by HayatoDragonFX