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Eurcadlong

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.
by DrecoFx_
3
EURCAD LONG EURCAD bounced from the MAJOR lower support level on the H4 and WEEKLY time frame, . we expecting the pair to retest the key levels listed on the chart. We taking this trade based on technical analysis and price action. (1) DO NOT ENTER ANY TRADE BEFORE THE ENTRY LEVEL (2) USE YOUR STOP LOSS (3) DO NOT HOLD A LOSS FOR MORE THAN 2 DAYS Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a break down of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Lets say your broker gives you 1:500, and you open 0,2 size, How much are you exposing ? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Long
by Pro-Trading-Africa
1
EURCAD is bouncing up from the support level!EURCAD is bouncing up from the support level. Looking back at history we see that 1.339 level is a very significant one as buyers defended this zone several times in the past. Yesterday price bottomed at this level once again. We are not sure how strong this level is to hold price from falling, but taking a closer look at the level we see that the pair printed dojis or spinning bottom candles which suggest weaknesses on the sellers side. Strong bullish candles are seen on lower timeframe suggesting that buyers may be kicking in. I would like to see price crossing above the falling trendline to have some conviction to go long on this pair with short term targets at 1.34980 and 1.35648. If you enjoy reading my ideas please be kind to leave a like. Trade smart!
Long
by Forexintelligence_NA
2
EURCAD Bullish OutlookEUR is getting stronger with the expectations of hawkish stance from ECB. It forms a falling wedge pattern with CAD, breaking the upper bound of the falling wedge on the four hour graph. Both MACD and RSI indicators are confirming the trend. If the pattern continues, the pair might try to reach 1.36 On the other hand, if the trend reverses, EURCAD might try to test its previous low at 1.339 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Long
by legacyFXofficial
EURCAD Long Trade IdeaA long trade opportunity has recently presented itself on the euro-loonie trading chart, occasioned by the bullish engulfing candlestick pattern just above the 1.33931 horizontal support level. This shows a rejection of the same support level, with tendency for massive moves to the upside. There's been quite a move already but you can still enter the trade if you can afford a generous stop slightly below the aforementioned support level. Your targets could be anywhere between your entry price to slightly below the 1.38178 horizontal resistance price level. Your FX Plug
Long
by charles-okoukoni
3