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Eurcadlong

EURCAD, daily tf, elliott wave forecast of wave-IV and wave-VAs you can see price completed wave-III with the all 5 sub waves. I assume wave-III is completed because waves-5 stopped exactly at 127.2 fibonacci of wave-4. Notice also it hit the support of this downward channel and bounce back up. For now, i think we could see upwards movement to complete wave-IV before another leg to the downside. Buy EURCAD 1.4630-40 Stop loss 1.4530 Take profit 1.5130 (5R) Use only 1-2% risk Good luck After we complete the upwards movement we will then sell again this pair. The target for this pair sell positions is not determined yet because it will be depend on this wave-IV correction length. For now we will assume that wave-IV can retrace towards 50% fibonacci level. As for our stop loss it will be at wave-I area. We will update when we start selling this pair.
Long
by HayatoDragonFX
EURCAD: possible LONG setup on DailyHi Traders, This is my view on this cross for the next few days. #EURCAD Wait for the bullish environment to be confirmed, the structure to be broken and retested. After that, you can go Long BUY 1.50530 SL 1.488 TP 1.54 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Long
by kitchen_trading
** EURCAD ** long trade currently open, lets see hows plays out.Hi all, hope your having a great week, really happy with current performance for the strategy, forward testing is showing solid results across the board. The entry price, stop loss (in pipettes) and take profit are shown on the chart itself. Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress. My name is Al, I'm 40 and from the UK. I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can. Any questions, feel free to drop me a direct message if I can help. These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too. This is all for information and education. Have a great day, Al. 🙂 PS. Check my other 'Related Ideas' too.
Long
by AL-1-
EURCAD H1 Bullish Sentiment Towards Big Figure 1.51 & 1.52EURCAD after the BOC statement , took a nose dive towards 1.5 , rejected at 1.5 and 200 DMA, tried to make another push and broke the 200DMA however buyers came in fast at 1.5 again at the late yesterday session and once again rejected mildly at 1.5 . Today Asia session tried another mild push down, but once again rejected at 1.5 at the price which is higher then yesterday low. The price was able to broke through up the 200DMA strongly. Hence the sentiment for short term is bullish. The resistance would be at 1.51 area which is also yesterday's high area. Piercing through this area, the next target would be 1.52 area, this week's high.
ELong
by neverGiveUpNewbie
EURCAD LONG: Back to the 1.51800 area and beyondEURCAD could potentially move back to the 1.51800 area (and beyond) if the Demand zone, which was tested once before, holds for the second time around the 1.50700/800 area. A potential confirmation that the Demand zone would hold would be a combination of bullish price action (candlestick) and a relative increase in Volume (bullish pressure). Today is also a day full of CAD economic news, the CPI will be released around 2:30pm (CEST) and the BOC Monetary Report will be released at 4pm. High volatility is expected.
Long
by FXAristocrat