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
Eurcadforcast
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
Wanna see more? Don`t forget to follow me.
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. :-)
EURCAD, daily tf with line chart, falling wedge/wolfe waveHello my friends,
I sometimes switch to line chart for a better perspective in drawing lines. It eliminate many noises and only focusing on candle close.
EURCAD making a nice falling wedge / wolfe wave pattern at daily timeframe in my opinion right now. Price are bullish and moving inside the line i marked. Yesterday candle / friday candle closing below it which could be a false break as today price come back inside the marked area.
I am buying EURCAD 1.5580
Stop loss 1.5510
Take profit 1 @1.5650
Take profit 2 @1.5720
Use only 1-2% risk
Good Luck
Will EURCAD see 1.5475 ?Price is starting to break out of the ascending channel indicating that we could see a push to the downside, retesting 1.5600.
If price breaks 1.5600 next target would be 1.5475
If you have any questions please feel free to comment below.
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.
Golden Zone -- EURCAD Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Thank you for your support!
