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Eurcadlong

EURCAD is facing bullish pressure, potential for a further rise!Price is facing bullish pressure from our first support at 1.54953, which is in line with our 100% Fibonacci extension and horizontal swing low support. It could potentially bounce from first support and rise further to our first resistance at 1.55366, in line with our 61.8% Fibonacci extension and horizontal swing high resistance. It is also worth noting that the Ichimoku cloud is also showing bullish pressure in line with our analysis, and the Stochastic indicator has also just bounced from the ascending trendline as well. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
EURCAD, 2hr tf, inverted HnS pattern to materializedHello my friends, For today i saw an inverted HnS pattern on EURCAD pair. This pattern occurs on 2hr tf so it might be a bit small in range but worth to try. We will keep it simple with only price action, you can see price broken above the neckline with a solid candle close above. The candle looks like a bullish pinbar so i think this is a confirmation candle as well. Buy EURCAD 1.5490 Stop loss 1.5450 Take profit 1.5570 (2R) RR Ratio 1 : 2 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
$EURCAD Long off 200MA (Daily)$EURCAD Entry: 1.54675 TP: 1.55050 (37.5 pips) SL: 1.54325 (35 pips) Daily timeframe. Entered this trade at the end of the day on Friday (12/11). This is basically a scalp as far as I'm concerned and hoping the take-profit level will be hit Monday or Tuesday. The risk to reward ratio is not ideal, but I'm liking a few things with this trade. Shooting star close to the day on Friday, preceded by a long wick below the 200 MA. Looking for a rebound here to at least the 30EMA and the bottom of the Ichimoku cloud. Stop loss level was set a comfortable distance below 200MA and LOD on Friday. I have a feeling that there's room for a move upward to 1.559, but I don't want to commit myself to that until a daily close above 1.55240. Risking 2% of my account, as always. -Zedro
Long
by Zedro
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 **Disclaimer** the content on 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. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
Forex Forecasts: Buying opportunity on the EURCADThe EURO / CANADIAN DOLLAR pair is moving inside the falling wedge pattern in the long term and the pair is near the upper side of the pattern, while on a 4-hour frame the pair was able to form a smaller descending wedge pattern whose upper side overlaps with the upper side of the larger wedge. Thus, the breakout of the two models and the pivot point 1.5563 is a strong opportunity to buy the pair with the first target 1.5563 and the second target 1.5757.
Long
by TradingFleet
EURCAD, 4hr tf, buy bullish flag breakoutHello my friends, Another setup for December is EURCAD pair. As you can see, it looks like a bullish flag pattern formed on this pair. Price already took down the resistance and currently retesting it as a support. We might see price rotate towards 1.5650-60 area. This bullish flag measured objective are around 270 pips. The next resistance would be at 1.5650 which where will be our take profit for this trade. If you're a fan of Elliott Wave, we could also assume this movement as Wave ABC correction in my opinion. Let's see how this turn out. Buy EURCAD 1.5510 Stop loss 1.5460 Take profit 1.5660 (3R) RR Ratio 1 : 3 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
EUR/CAD bullish trend 4HEur/CAD hit important low (pivot point) of 1.53500 and has had straight bullish momentum also following the past trend line we can hope to see it follow the pattern of hitting the trend line at around 1.55500. it has already hit the support of 1.55000 had false bearish momentum and pulled back above further showing momentum to hit the trend line. once hitting the trend line of 1.55500 watch for it to follow trend and pull back down or possibly break and push above the trend.
Long
by Cgremshi