EURCAD buyEURCAD buy opportunity, nearly broke resistance after an inverted head and shoulder formation
Eurcadbuy
EURCAD, 4hr tf, buy on Ichimoku confimationHello guys,
My trade setup for today is EURCAD pair, it is very possible this pair could continue going up as there is already all the confirmation needed to go upwards.
1st confirmation is price above the kumo cloud
2nd confirmation is kumo has changed from red to green
3rd confirmation is parabolic SAR switched to below the price indicating buy pressure
Buy limit EURCAD 1.5595
Stop loss 1.5525
Take profit 1 @1.5665
Take profit 2 @1.5735
RR ratio is 1 : 2
Use only 1-2% risk
Good luck
EurCad at channels resistance. What's next?I followed this pair closely in the past 2 weeks with a clear idea, the drop from 1.6 is corrective in nature and EurCad should resume its bull run.
Now the pair is trading close to downward channel resistance and I expect a break soon.
Dips around 1.55 should be bought and as the first target 1.57 should suffice for now.
EUR/CAD: LONG trade setupall in the picture
I advise to check the trade 6hrs from now and book some gains, at least to move the stop into the money.
good luck !
EurCad- Entering strong support zoneFrom 1.6 top eurcad dropped almost 600 pips but the drop is not impulsive and has a very clear corrective move format. Also if we draw a Fibonacci from 1.51 support we can clearly see that this old resistance zone, now support, is confluent with 61% retracement and we can very well be in a "measured move" pattern.
That being said I will look for buy opportunities for at least 1.57 target for a swing trade.
Long EURCAD
Took a long on EUR/CAD, the market seems to have broken the down trendline, I do have 1 area of concern for a possible resistance (1.56345)
Entry 1.55958
Stop LOSS 1.55545 (41 PIPS)
Take Profit 1.57601 (164 Pips)
Eurcad Buy Setup! LongDISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
EURCAD Buy Setup1h
-Trend: Down
-Price made accumulation on the bottom of trend, broke and retest it
-price broke down tl, now its creating a new hh
EURCAD Long SetupEURCAD is now in an uptrend. Price seems to be exhausting and looking for a pullback for an entry. Look for price to do a retest at the last level that was broken or look for price to make a double bottom at the higher low. These zones also are in line with the fibonacci levels.
EUR/CADThis is our personal setup for EUR/CAD, we put both sell and buy order, so where does it hit first xD
EUR/CAD - Head & Shoulders - BUYPrice has printed a H&R pattern. We are waiting for price to retest its broken structure for buy entries.
EURCAD reversed from resistance, potential drop!
EURCAD reversed off its resistance at 1.57291 where it could potentially drop further to 1.56199.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCAD and Buy Area (28/7/2020)Please fill the lines..!
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Decide your target, manage your risk..!
Turn off your PC..! Let your choice running..!
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
EUR/CAD BUY OPPORTUNITY (4 HOURS):Fib aligns with reversal zone. Bias is long to we are trading with the bias.
EURCAD bounced from support, potential for a further rise!
EURCAD bounced off 1.54200 where it could potentially rise further to 1.54965.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EUR/CAD - Breaking Resistance - BUY!We are waiting for price to clear past resistance and make a retest of its broken structure before we look for buy entries.
EURCAD bounced from support, potential for a further rise!
EURCAD bounced off 1.53314 where it could potentially rise further to 1.53568.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCAD and Buy Area (7/7/2020)Buy limit
1.52925
SL at 1.52725
TP1 at 1.53125
TP2 at 1.53310
TP3 at 1.53500
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
