✅✅ EURCAD LONG ✅✅What we see on EURCAD is quite clear and nice, price bouncing between two trendlines,
And for now we are in really strong area which you can see as gray rectangle
❗️ 1st lets wait for price to close above our support then set this order ❗️
2nd: set our 1:5 order and fly with the price
⚠️Take Max 1% of your capital on this trade⚠️
Lets see how price respects our each scenario
👇🏻👇🏻👇🏻 Any question comment bellow 👇🏻👇🏻👇🏻
GOOD-LUCK EVERYONE
Eurcadlong
Wait for confirm and buy signal with EURCADH4 time frame.
Structure: Uptrend.
Break Key level downtrend - retracement.
Wait for confirm uptrend and buy signal.
Target is next resistance at 1.51000.
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Wish you all have a good trading day!
#EURCAD potential for moving buy-side!#EURCAD Price is trading in the demand zone and we got the price rejection and bullish harami candlestick formed once the price close above the candlestick its possible to moving next resistance level 1.48942
Why we like it:
price trading in demand zone
bullish harami Candlestick Formation
Watch the candlestick close
1st Resistance:
1.48942
Next supply area & horizontal swing high resistance
2nd Resistance:
1.49103
Next supply area & horizontal swing high resistance
1st Support:
1.48598
Next demand area & horizontal swing low resistance
EURCAD TO CONTINUE PUSHING?As we have clearly seen, the Canadian dollar has grown weak for quite some time.
This has caused XXXCAD pairs to grow in price.
We just saw a sharp bust through this level with price immediately returning to it.
We do not know if it is a fakeout, so we'll wait for price to comfortably leave the area and return to it before we take on long trades.
Wait for Break Key level and buy signal with EURCADH4 time frame.
Structure: Uptrend.
Divergence at support 1.48000.
Wait for break out key level 1.49000 and confirm signal to buy.
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Wish you all have a good trading day!
#EURCAD for nearby 4HR support area to potential to Buy!#EURCAD Price is trading nearby the 4HR Support Area zone waiting for any bullish candlestick formation and watch breakout the trend line its will move to the next level resistance area
Why we like it:
Price Trading nearby in 4HR support area
watch the trend line breakout
moving to the next resistance area
waiting for candlestick confirmation
1st support:
1.47514
Next Zone area & horizontal swing Low support
2nd support:
1.46883
Next Zone area & horizontal swing Low support
1st Resistance
1.48233
Zone area & horizontal swing high resistance
2nd Resistance
1.48514
Zone area & horizontal swing high resistance
EURCAD LONG POSITION INCOMING!! Hi Guys, todays outlook is on EURCAD and we here at Safe Trade Academy are looking for long positions on this trade as we have the following confluences:
*daily break of structure and break and retest of consolidation
*h4 we are uptrending so just trading with the trend, also had an impulse followed by a coil and the institutional candle has also not being retested
*fib levels confirm our entrys and targets
*our eurgbp bias supports the long position
EURCAD SHORT-TERM BUYHey, if you like this idea be sure to support with a like and a follow.
Here is my analysis for EURCAD for the upcoming week, wait for price to pullback to retest SUPPORT and take a long up to the next resistance area where we can expect a sell.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
EURCAD LONG AT THE NEXT HALF YEAR.I think FX:EURCAD has a good long trend for the next 6-9 months.
We have now crossed the strong support line at 1.47320 and are consolidating at this level.
I indicated the points where you can fix the profit:
* TP1 = 1.52600 (November 2021)
* TP2 = 1.55840 (May 2022) << near border of flag