Eurcadlong
EUR/CAD Giving Good Bullish P.A , My Opinion For Next DaysThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURCAD testing previous supportHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:EURCAD
We can see market is stuck in range and testing its support.
So we are expecting more rise from its support.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
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💡Don't miss the great buy opportunity in EURCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.3090).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 57.
Take Profits:
TP1= @ 1.3221
TP2= @ 1.3307
TP3= @ 1.3398
TP4= @ 1.3526
TP5= @ 1.3768
SL= Break below S2
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💡Don't miss the great buy opportunity in EURCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.3090).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 57.
Take Profits:
TP1= @ 1.3221
TP2= @ 1.3307
TP3= @ 1.3398
TP4= @ 1.3526
TP5= @ 1.3768
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURCAD Buy at SupportEURCAD Buy/Long Bounce off Support
Entry: 1.33888 - 134000
1) At support which has held out since end April with 3 previous touches at this zone.
2) Also a historical key support on higher time frames Daily, Weekly, Monthly Chart
Stop Loss: 1.33680
1) 20 pips breathing space below buy zone
Take profit:
Have labelled key zones
can trail stop loss.
Eurjpy BUY !!!!!!!!!!!!Two scenario's might most likely occur, and both are bullish as the pair has reached confluence support (blue) of pullback support and trendline.
Am waiting for scenario two as that gives me a more favourable entry point for life longs...
Like, Comment and Subscribe to support me, Thanks good people.....
EUR/CAD SHORT OR LONG?!Short Idea
With the oil prices rising and CAD being highly related to crude oil there is a high probability this time to break the resistance after testing it 5 times. A short opportunity can also be supported by the 50/200 EMA crossing.
Long Idea
Testing the price at a psychological level of 1.34000 for 5 times we can't dismiss the idea of bouncing back the resistance again and move towards the 1.36000 mark.
BE PATIENT
Trade safe,
Amaanos
EURCAD TESTING THE SUPPORT ZONEEurCad is currently testing the support region, this pair is currently trapped in a box-like consolidation and has shown some bullish rejections.
Breaking down the chart, we could carefully see a falling wedge pattern which indicates a bullish reversal and also adds to my assumption.
July 1st, we all saw a bullish movement on some EUR pairs despite the turmoil happening around Europe.
Buying from this current region will be a strategic and definite move since it is currently rejecting the falling wedge + box consolidation support zone.
What is your prediction? any comment? please do leave below and follow for more.