Eurcadidea
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 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
Potential Long on the EURCADWaiting for a clear break of structure on the EURCAD before I can actually enter the trade.
I would say it is still in a valid bear structure, but there is bull momentum to it too. Buyers are trying to drive the price up on the 4hour timeframe.
If they are successful in breaking the bear structure, I will wait for sellers to bring price down and test the region again. Then see if buyer can hold the level by overpowering the sellers.
Only then will I enter the potential buy.
The alert is turned on at a region to notify me of when the breakout occurs. Since I do not stay in front of the charts, I prefer to be notifed of a breakout. Then I will issue another alert for when price comes back to retest region.
EUR/CAD Forming Cup and Handle Pattern.Currently, EUR/CAD is trading at 1.5586. The pair is trading above the channel resistance level, It can move below resistance level to start a new down trend in the channel. So, accordingly plotted entry levels and target price. If the price breaks resistance level at 1.5531 inside the channel, then the price will enter into the downward channel and start a new down trend. Then its target price will be the support level of channel at 1.5350.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat
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.
EURCAD Long Trade Idea.Hello Guys! So this is my EURCAD entry for today with 1:3 RRR.
Its totally up to you to take the trade or not its just for education purpose, I am already in the trade and running profit with zero draw down.
The Bearish lose its momentum so i locked in a long position for a quick profit.
Thank You
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 long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
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.
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
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EUR/CAD Technical Analysis.Currently, EUR/CAD is trading at 1.5625. The pair is trading in a downtrend from some time by making channel patterns in the resistance and support wedges. The price is about to touch the resistance level at 1.5673 and it may rebound back from there. The pair is in downtrend from some time, so it may continue its down-trend and touch its support level at 1.5495 after rebounding from the resistance level.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex technical analysis and Ideas.
Thank you,
Rishikesh Lilawat
EURCAD TRADE PLANEURCAD 60
EURO FX/CANADIAN DOLLAR FX
Technical Analysis:- FX:EURCAD Broke Daily Support as Well Pressure on 4HR supportandresistance WE put Our Entry At 50% Pullback And Reward at 3times the ATR With Measured AND Controlled RISK
fundamental;- FX:EURUSD is weak Currency Due to Second Wave of COVID-19 AND Spokesperson Foreign Office Of Germany Put Excess Pressure on FX:EURUSD
While CAD is proving Strong As They locked thier border And Demand In NYMEX:CL1!
Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
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.
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.
EURCAD ROADMAPcurrently, we are seeing price testing the 1.5675 support level after breakout a falling wedge pattern, we have room to go up for +150 pips if buyer manages to push the price to the 1.5822 resistance level, further evidence is needed before placing any buy order. good luck!
**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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURCAD short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EUR/CAD 4 Long Confirmations Good day, snipers. Here in the EUR/CAD, we have multiple confirmations to go long. TECHNICAL ANALYSIS first on the 4H time frame, price recently rejected the bottom of the ascending trend line. Also, price broke a resistance level and we will be waiting for a retest before going long. Price is also trailing above the 8 EMA showing a strong trend. FUNDAMENTAL ANALYSIS next is about the CoT report. Currently, net positions regarding the CAD are being sold while the EUR is being bought the previous week. Specifics are discussed with the team and accurate entry, SL and TP are sent too.
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EURCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
