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Eurcadforecast

EURCAD H4 SHORT PRICE ACTION FORECAST This pair is forming an unbeatable H&S pattern for bearish confirmation. Reaching and getting a rejection from resistance at D1, creating a double top from the weekly domain give enough evidence to the downward movement to be experienced in this pair. Further confirmation before a short order is required, such as break and re-test of the supply zone (pattern neck) The order: Type: sell-limit S/L: 90 pips - R:R | 1:3 - T/P: demand zone -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURCAD H4 SHORT PRICE ACTION FORECASTIn the weekly domain, the price has recently reached a physiological resistance level. Recording a strong rejection from buyers that weren't able to push the price to a new high. That rejection has formed a double top pattern signaling a strong bearish momentum towards the pair. Now checking into H4, a short entry confirmation is expected as a pullback from the previous strong bearish candle and the support from price consolidation. The order: Type: sell-stop S/L: 80 pips - R:R | 1:2 - T/P: Fib level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURCAD H1 LONG PRICE ACTION FORECAST -UPDATE-Price action managed to find support and avoid the bearishness previously forecasted, currently supported by a confluence zone where descending trend line and support met. If the current zone manages to avoid a breakout, it will give a bullish bias to the pair with a beautiful R:R ratio as the price could reach new high at the next resistance level, a long entry is set to capture the upward movement to come. The order: Type: sell-stop S/L: 24 pips - R:R | 1:4.5 - T/P: next resistance level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
EURCAD H1 LONG PRICE ACTION FORECASTAfter breaking through a higher timeframe resistance level, the price shows some diminished bullish momentum, a pullback toward the resistance from the flag formation could be an exceptional level for the correction. If price reached that level, we could expect a bullish continuation to previous swing high levels. The order: Type: buy-limit S/L: 45 pips - R:R | 1:2.3 - T/P: aiming towards previous swing high level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
EURCAD | WEEKLY PERSPECTIVESince the Euro dropped from above 1.53500 level in late June 2020, it finally pushed above this Key level this last week coming from a Double Bottom and bringing prospective opportunities to the table for Buyers in the following week(s). Tendency: Uptrend ( Bullish ) Structure: Double Bottom | Breakout | Trendline Observation: i. Breakout from the neckline of Double Bottom structure is a promising sign that we might be on the Bull ride again. ii. Before getting too excited about the prospect, its worthy to note Key level II which might either be a barrier to form a Channel or a Breakout level in the future. Trading plan: BUY confirmation with a minimum potential profit of 230 pips. Risk/Reward: 1:3 Potential Duration: 1 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
Trading Pathways Analysis of EURCAD H4 Chart The outlined white arrow pathway is the predicted pathway that the EURCAD will follow in the coming days or weeks. Using my unique charting methods, I have been able to arrive at HIGH PROBABILITY turning points where EURCAD will turn. NOTE: THIS IS ESSENTIALLY THE SAME PREDICTION I MADE AS LAST WEEK EVEN THOUGH I CHANGED FROM SHORT TO LONG.The difference is that last week I was looking at the medium term movement while this week I am looking at the short term wave where it is to advance upwards. I thought it would be better to analyse piece by piece rather than bundle everything together. PLEASE NOTE THE ABOVE ANALYSIS IS FOR EDUCATIONAL PURPOSES ONLY. THEY ARE NOT DIRECT INSTRUCTIONS TO TRADE AND ANY LOSS INCURRED BY FOLLOWING THIS ANALYSIS IS AT YOUR OWN RISK. Eiseprod of Trading Pathways
Long
by Trading-Swing-Pathways