DeGRAM | EURCAD beautiful channelEURCAD is channeling downwards over 2 months now.
Notice every time when price makes shallow extensions down or up price tends return to previous levels.
We expected price to test higher levels.
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Eurcadlong
💡Don't miss the great buy opportunity in EURCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.3655).
. 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 63.
Take Profits:
TP1= @ 1.3767
TP2= @ 1.3845
TP3= @ 1.3979
TP4= @ 1.4072
TP5= @ 1.4233
SL= Break below S2
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EURCAD | SUPPORT ZONEEURCAD has been trading in bearish paralllel channel with trend looks fadding away now. Currently price is at the strong support zone, which has been reached in the past as well.
We are expecting bullish reaction from here and the risk reward favors the bullish position here.
Trade your levels accordingly.
EUR/CAD Bullish Price Action Not Bad, Long Setup Available Now This 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 trade idea, wait for key level breakout!currently, we are seeing price held by trendline resistance and key level resistance combined, these levels might become strong levels to hold the EURCAD upside movement. personally, I will wait for the price to break out before placing any buy order, be patient and Goodluck traders!
**Disclaimer** the content of 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.
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GWBFX
LONG POSITIONEUR/CAD has been bearish for the past few months look at the EUR/CAD chart from the technical side we can see we approach a major level of support on the pair where we can look for buyers to take control of the market. on the fundamental side we have EURO Election soon so keep and eye on the pair.
Let see what Will be Next Move.
Warning- I am Not a Financial Advisor this idea Only For Educational Purpose Only.
EURCAD | BREAKING CHANNELEURCAD has been trading in bearish parallel channel from the start of this month. It has defined the bottom around 1.35900 where we witness consolidation. Recently price has broken the consolidation box and trading above it.
We remain watchful of the falling channel resistance zone and will be bullish if the price break and sustain above it.
EURCAD Analysis and Trade IdeaAdjusting to the price action, an updated look at the current market shows price is bearish, making LHs and LLs. It is now at a what I believe is a valid demand zone. I am looking for bullish PA that may indicate a market shift here, where the market may be turning from bearish to bullish momentum.
EURCAD ReversalEURCAD is approaching a major reversal. We've seen price action take a dive into a liquidity grab and continues to trade lower. I believe this is an attempt to dip into the reversal zone which has been a major sign of an up move. However if price doesn't immediately retract upwards, we could begin to expect it to fall through and take shorts. We can play both sides of the market but I am mainly looking for buys into this zone.
EURCAD LONGThe pair approached a major support zone @ 1.37300 and got in bullish mode currently testing resistance @ 1.3800 and i expect that EURGBP to continue growing to resistance 1.3838.
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I am going long on EURCAD
My open position
ENTRY : @ 1.37790
TP : @ 1.38380
SL : @ 1.38450
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Please use small lots if you gonna trade on this idea.
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Please like, comment and share if you like my idea.
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