EURCAD ANALYSISEURCAD ANALYSIS
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Eurcadlong
EURCAD - SWING - 19. JANU. 2021Welcome to our weekly trade setup ( EURCAD )!
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1 HOUR
Bullish price action after previous support zone was hit.
4 HOUR
Overall bearish market about to turn..
DAILY
Great long entries, price about to jump up.
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FOREX SWING
BUY EURCAD
ENTRY LEVEL @ 1.54360
SL @ 1.53490
TP @ 1.55620
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURCAD bullish flagAs we can see a regular bullish flag in H1 chart. and upper trendline.
So we expect a fakeout near trendline before short term fall.
EURCAD HammerEURCAD has arrived to a support zone at 1.535, and formed the hammer pattern on the daily chart on the last day of the week. Here the price can break this support and fall to the next support around 1.5, or the price will turn around and continue the sideway moves between 1.535 and 1.575
EURCAD/ LONGFX:EURCAD
S/L 1.53433 - T/P1 1.55375 - T/P2 1.55911 - T/P3 1.56659 - T/P4 1.57380 - T/P5 1.57858
EURCAD price testing monthly support may rise for 1.5490 & 1.553Eur 13k long positions increased by professionals by last week, Commercials increased shorts 14k by last week. Eur long% increased 3% by last week. Professionals increased 2k shorts in Canadian, while Commercials increased 4k shorts in this week.
Price making lower low and lower high on daily time frame. but due to support around 1.5380-36 may suspect correction upside.
EURCAD, Retesting Support, LongEURCAD, Retesting Support and continue Bullish uptrend! Trade when the Price action Tells!
EURCAD ( LET'S OPEN THE NEXT WEEK WITH EURCAD)looking for buying as long as price has tested the support
EURCAD Trade Plan - Waiting for Buying OpportunityPlease don't forget to FOLLOW, LIKE, and COMMENT ...
If you like my analysis:)
Trade Safe - Trade Well
Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
RISK DISCLAIMER
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
Bullish Bat PatternEURCAD BULLISH BAT PATTERN
Market Buy Order Set Up.
Buy Entry: (1.54168)
Take-Profit 1: (1.55573)
Take-Profit 2: (1.56441)
Stop-Loss: (1.53354)
Max Risk-Reward: (2.79)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
EURCAD: Diagonal pattern is over,
The pattern has finished in the range of 1.5461, the first confirmation for the buy order will be received when, the price crosses the range of 1.5592 . Also by crossing the price from the range of 1.5310, this analysis will be violated. The potential volume of target for the uptrend is too high and around 500 pips.
EUR/CAD could move UP!Hey tradomaniacs,
Euro getting stronger as expected!
Next opportunity I see is that EUR/CAD could retrace back to its current Trendline if we see momentum above the resistance of the support-zone👉
The market, especially stocks and indicies are very choppy and boring to watch, which is why taking trades in this enviroment involves higher risk!
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EURCAD 1H TIMEFRAME ANALYSIS (BUY) The price is trading below the lower RSI line, near the lower Bollinger bands line and near the lower channel line. Therefore we anticipate for a strong bullish power into this level as shown on the chart.
EURCAD - SWING - 11. JANU. 2021Welcome to our weekly trade setup ( EURCAD )!
-
1 HOUR
Very bullish pressure and price action.
4 HOUR
Expecting more upside, price broke above main sr level.
DAILY
Weekly intervals indicating more bullish momentum..
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FOREX SWING
BUY EURCAD
ENTRY LEVEL @ 1.55680
SL @ 1.55060
TP @ 1.56590
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURCAD Long AnalysisHey traders, here is the analysis for the EURCAD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
EURCAD LONGEURCAD is creating his third wave. The pattern of the 4 hour period is at the HL location. However, I have created it here as it has a greater tendency to create a channel format. The first target was taken up to 120 pip. I conclude that if you can try to get a re-order later then you can move towards a higher profit more successfully
EURCAD (H4): LONG Idea Breaking the DESCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
In this H4 chart we got a really interesting situation, in fact the price is clearly following a descending channel and it's just reached an important resistance zone.
In a Daily perspective, instead, the price is moving following an ascending channel and price's just reached the channel's dynamic support, giving us the first sign of rejection.
CONCLUSION:
I think the price will move up following the daily trend because the two S/R dynamic line of that channel are perfectly rejecting the price.
In my opinion this is not the best moment to open a long position, but I'd wait the break out of the dynamic resistance line and I'll look for a long trade on the pullback, it will definitely confirm the beginning of the new uptrend and you could trade with less dubts!
Stay tuned for updates and trade details!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
EURCAD (Daily): LONG OPPORTUNITY Following the ASCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since the end of July the price has been following a descending channel lasted until the beginning of November, the price then bounced on the main weekly trendline support and started now a new great uptrend.
The price's just reached a daily support area and the channel's dynamic support, the price action around this area will be helpful to understand and confirm the next uptrend!
CONCLUSION:
The new ascending channel seems to be confirmed and it's perfectly working, rejecting the price in the right moment.
Once I'll get a clear confirmation about a new uptrend, I'll definitely plan a long position!
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
#EURCAD Multi time frame Analysis Hey traders, here is the analysis for the EURCAD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
