EURCAD One more buy before bigger sell?Hi traders,
Keep an eye there for short term buy setup then we have to watch for sell setups.
If the price will drop down earlier watch for continuation to the downside.
Eurcadforcast
ECAD buy analysis 01/10/2020This morning we are taking a look at a different pair. We have huge upside potential, providing we can respect support down at 1.55950, and break resistance at 1.56150 and then form a support around that area, we have good confirmations to execute longs with two big ranges to attack. Our first target would be resistance at 1.56750 before targeting 1.57350. As usual I would look to secure 10-20 pips and let the rest run. If support is broken there is no trade.
EURCAD Long SetupHead and shoulder breakout
stop loss is higher because we can go lower from here so we will enter with safety and hold this position
it will go higher for sure so not panicking here
once hold above and move in profit direction we will extend the stop loss step by step
Long : 1.568 - 1.5685
Stop : 1.552
Target : 1.575 ,1.58 , 1.585 , 1.59
EURCAD H4, Analysis Based On Price Action TheoryWe Have an Analysis Of EURCAD H4. This Analysis Based On Price Action Theory.
According to The Analysis, We Can See That the Market has a Buy trend on monthly Time Frame But H4 Time Frame We can see the symmetrical triangle 🔼 pattern. Behalf On That We have some key 🔑 points for Buyers & Sellers,
If the Market Break triangle 🔼 Up then Target (resistance) @1.58269 & @1.59630
But Market Break Triangle 🔼 Down Trend Then the Target (support) @1.54276 & @1.52032
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
Enclavefx technical group
EURCAD price at Resistance levelprice touching the resistance level if we close above 1.568 than it's clear we are moving to 1.60
if we rejected from here than we can go down and make the head and shoulder pattern than ready to move ahead
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 SHORTNice Rejection from the trendline as well as the daily resistance. EUR is trending low.
Enter the trade in two parts, move SL to entry once the first TP is reached.
Fx-TC Team
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 SELL SIGNALHey tradomaniacs,
welcome to a new free trading-setup
EUR/CAD: Day-Swingtrade-Execution '
Note:
BoC Interest-Rate-Decision today could cause volatility.
Overall we see a nice trend to the downside and its likely to see a move down.
Risk is high with this trade so either keep it low or stay out.
Market-Sell-Order: 1,55700
Stop-Loss: 1,56205
Target 1: 1,55225
Target 2: 1,54860
Target 3: 1,54265
Stop-Loss: 50 pips
Risk: 0,5% - 1%
Risk-Reward: 2,87
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
EurCad- towards 1.57?Yesterday, EurCad respected 1.5430-15450 support zone and turned violently from this point.
A small correction could follow from this point and this can give buyers the opportunity to open a long trade at a better price.
That being said, buy dips is my preferred scenario for this pair with a target at 1.57 resistance
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 / SHORTWe can see price fell from a key level of resistance, its now retracing
We will wait for a break of structure before shorting this pair.. im expecting price to bounce off of one of the fibo levels then break structure
Once thats done we can look to short
EUR/CAD Technical Analysis
The counter is currently sliding down in a descending channel.
It hit the upper parallel and is coming down strongly.
Further, the RSI indicator has formed a head and shoulder pattern.
Hence, we expect the pair to be bearish in the near-term.
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!
EUR/CAD could move DOWN!Hey tradomaniacs,
currently it is very hard to predict the price-pattern as the market is very choppy due to upcoming speeches this week.
Overall we see a valid flag-pattern of EUR/CAD which could give us a nice chance to sell the upper trendline within the resistance-zone of the weekly chart.
Currently I`m waiting for more fundamental impulses to get a clear confirmation for this assumption.
If market breaks out we can go LONG - IF market bounces off we can go short.
In both cases we would get a nice risk-reward-ratio. :-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
