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Eurcadidea

EURCAD might rise and here is whyPrice was in a strong bullish momentum in January and beginning of February 2022. Price got rejected at the December 2021 high and began to consolidate in a bullish flag formation. Just at the start of this week we saw price breaking out of the flag pattern. I expect price to rise with the possibility of reaching 1.461. Traders, if you enjoy this idea please do show your support by hitting that like button. If you have different opinion, feel free to share it in the comment section below.
Long
by Forexintelligence_NA
EURCAD: Bullish Scenario Is Active!EURCAD is forming a downtrend channel. Price is forming a final sub-wave 5 of wave (5). In my previous idea, I have mentioned that, If the price breaks down channel C, the following targets for Wave 5 will be 1.4313 - 1.42520 - 1.41652- 1.41156. Price reached all the targets of wave (5). Click Here to check the previous idea: Currently, the price is heaving correction, but safe traders can enter after the breakout of the C channel. After making wave (5), if the price breaks the B channel, it can go for 1.4377 - 1.4466-1.45629-1.4645, and start a new 5-wave impulse structure. Please note that without a breakout, trend changes may not be possible.
Long
by forextidings
EURCAD, we're not there yet, but ...Yesterday the bearish movement of EURCAD took us to an even more interesting and noteworthy area. A new low was reached, but without triggering any buy signals on the MCS, even though the channel has really narrowed a lot. I think the signal is close, and maybe reaching a new low at 1.4052 is a good entry point, but we still don't set any buy limit, we wait for the definitive signal on the MCS. We are still in perfect timing with the new annual cycle.
by The_Cyclical_Trading
eurcadEURCAD - Long Why are we entering? - Expecting CAD weakness & EUR strength = EURCAD Long - Keep looking for buys everytime price goes to the bottom What are we waiting for to happen? - Bounce off the bottom - CAD index to become bearish and EUR index to turn bullish What is our confirmation? - CAD index to continue reversing Entry No Safe Entry. Risk Entry: Bounce off the bottom Once entered, where will our Stoploss be? - Below the lows Where do we take profits? - First TP: 1.472 - Second TP: 1.5
Long
by Elrouby
3
EURCAD (1HR) OUTLOOKLooking at 1H TF of this pair, the momentum does not look weak, hence suggesting that price might go into consolidation for a couple of hours before turning back up. and there is a possible trap for buyers so i suggest we stay woke with our SL levels. Here is what am thinking (for Educational Purposes only):- BUY: Between 1.43563 and 1.43200 SL: 1.42901 Target 1: 1.44444 Target 2: 1.45535 Target 3: 1.46467 Risk Management: 2% max!!!‼️ PLEASE LIKE, COMMENT AND FOLLOW ME 🙏🙏🙏🙏🙏🙏
Long
by Kingsley_lotanna
4
EurCad- Do we have a bottom?EurCad is in a downtrend for 15 months now, with the price dropping 1700 pips, from 1.6 to 1.43. At the beginning of October, the pair has made an important break under 1.46 support and dropped pretty fast to the up-mentioned low. At this moment looks like EurCad is preparing to test the new 1.46 resistance for confirmation and traders can look to buy dips against 1.43. I'm bullish EurCad in medium-term and I will remain so as long as the price is above 1.43
Long
by Mihai_Iacob
6