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)
Eurcadforcast
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. :-)
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Peace and good trades
Irasor
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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!
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.
ERUCAD LOOKING TO SELL SOONEURCAD has hit the KEY LEVEL where it also reversed before multiple times if you look in the D1 Chart, wait for Bearish price action to confirm and place SL Just above the Key Level Shown in this Snippet.
PLEASE NOTE : This is Just personal preference I will not be responsible for any loss.
Tell me your views on this in the comments.
Eurcad setting for a downtrend Eurcad is setting for a reversal, watch price action to add on corrections, we are at the top on this pair
Good luck everyone
EURCAD H1 SHORT PRICE ACTION FORECAST Euro has been showing a bearish pressure across the board, finding resistance towards the descending trendline, it allows the setup of a short entry if the price doesn't manage to get support in the current level.
The order:
Type: sell-stop
S/L: 47 pips - R:R | 1:2 -
T/P: ascending trendline
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EURCAD / SELLWe can see a trendline break and a retest of the area, once price breaks this line again I anticipate a big drop
Eurcad Downtrend beginningBeen short in this pair, after all this bullish movements I believe euro starting big downtrend, has been in accumulation phase for more than 4 months creating a bullish sideways movement overall, but this usually its bearish in Long term
Oil Bullish / Cad bullish, Euro Last push on Monthly chart (EURUSD) , still downtrend on Monthly chart
All entries explained and re Entries
Final tp 1.45
this will take months! have patience
EURCAD NICE DROP Daily support is highlighted, once the zone is broken we will sell to the target area
