EURCAD is facing bullish pressure, potential for further upside!Price is facing bullish pressure as it continues to hold above both the ascending trendline support and Ichimoku cloud, in line with our bullish bias. We could potentially see a further rise above the ascending trendline support towards our 1st resistance at 1.54380, in line with our horizontal swing high resistance and 61.8% Fibonacci extension.
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Eurcadlong
Important Price Rejection For EURCAD!!! Long Opportunity...Today's candle made a nice rejection off the support level @1.5320. This level is also where the 261.8% fib level lies. We were anticipating some sort of a BULLISH movement here. As of now, we will be looking for a long opportunity towards my moving averages and 161.8% fib level before any further confirmation. Once this level is reached, we will be eyeing on potential breakout and rejection off that level for further trade opportunity. A rejection might show further BEARISH movement in its trend.
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EURCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
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GWBFX
EURCAD - SWING - 01. FEBR. 2021Welcome to our weekly trade setup ( EURCAD )!
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1 HOUR
Bullish closure above main sr level.
4 HOUR
Bullish waving market structure..
DAILY
Expecting another push to the upside.
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FOREX SWING
BUY EURCAD
ENTRY LEVEL @ 1.54830
SL @ 1.54270
TP @ 1.55730
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
EURCAD FLY WHILE CADJPY CRASH ??Hallo guys
nice to meet you seeing my forecast
here we are
we can see eurcad have clear bullish structure before they bullish
we can see the descending channel , bullish flag , and breakout trendline
in my opinion eurcad can be reach the resistance @ 1.57741
we just waiting for the true breakout for execute this eurcad