EURCAD LongI am in a long position EURCAD. A divergence identified at the reversal of the level of structure, with a break of the downtrend giving a good signal for entry. 50% @ T1 is 1:1, and 50% @ T2 is 1:2.5
Eurcadlong
Long Positon: Euro/Canadian Dollar strenghten!!!Euro/Canadian Dollar turn bullish in H1 timeframe and we hope a pending order at $1.5550-$1.5540 CAD to entry in long position in this par.
We have a forecast of 176 pips to find up!!! That is a huge earns!!!
In Daily EUR/CAD is bullish, if we entry in the yellow zone, we could to get our profitable, but I do not analyze this par from yesterday, but there 's another buy opportunity in these price levels to buy with confirmation of the candlestick strategy and price action.
Good luck!!!
EURCAD holding daily support #EURCAD:
(1D):
The overall outlook is showing an uptrend, confirmed by the 200 EMA, currently retracing in a massive descending triangle, given the strong support at 1.545. If this won't hold, we would probably see a bias switch.
(4H):
Zooming in, we notice how the leg down formed with a clear bearish structure, but got a strong rejection at current support, which led to a new higher low formed
(1H):
Since a new higher low has just been confirmed, we could expect more upside to come. However, what i want to see is a clear bullish continuation pattern on the 1H
EURCAD LONG in the short termEURCAD is position at price @ 1.5612 for a bull run. This is a short term analysis.
Overall, we should expect a pullback of price around @ 1.5624 and 1.5636 and if the price closes below @ 1.5636 then our move will be short to the downside with target price @ 1.5509 and price @ 1.5495
I am bullish until the price reaches @ 1.5624
Good Luck Traders.
EUR/CAD big $ play almost 500 pips!!!You can come in now but expecting a retest at the lower zone, safer play is a buy stop at suggest entry price
Please do due diligence,
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.
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Thank you for your support ;)
GWBFX
EURCAD retracement on the dailyEurcad has been going down for a while. we can now expect a retracement to the 0.5 or 0.618 on the daily chart. Also, after the market gives a retracement to the o.5 or 0.618 we can expect a big short to the downside. Market has already broken resistance on 4h when the resistance turns into support I am buying eurcad. You can buy there too or use your own strategy for entry.
Long Position on EURCAD-4HHello Traders!
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It's a buy on EURCAD!Given the last three candles, among other reasons, I think it's likely that the price will break out and start a powerfully ascending trend which will result in the completion of cup and handle pattern here.
My suggestion: wait until the breakout and THEN buy.
(on hourly time frame there are signs that it has already started it but wait for more confirmations)
Buy the Dip of the Range in EURCAD.I am looking to buy the dip of this current range support of 1.5550 to 1.5562.
Trade is very simple, I am looking the buy the bottom of this range which is very oversold and correction to the upside is expected.
This trade offers better risk reward than Sell stoping below this support area
My take profit would be slightly below 1.5600, roughly 40 pips.
Good luck!
Tibor
Good luck!
EURCAD Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of EURCAD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 41 - 05 Oct
M > Price faced rejection at monthly resistance zone and started moving downwards. Price also completed W pattern.
W > Price dropped to test previous resistance now turned support and started a pullback to the upside. Price is also finding support of upward trendline.
D > Price moved up to test daily resistance faced rejection and dropped back quickly.
As per COT EUR saw closure of more Long than Short, reducing net positions; EUR was very weak for the said week. EXY was positive last week though it reached resistance level and dropped. CAD saw closure of both Long and Short positions, N-R saw addition of Long and Short positions and Commercials saw closure of both Long and Short, confirming weakness of CAD for the said week. CXY gained strength last week.
4H > Price had dropped again closer to support trend line, we can also see secondary trendline getting respect with just one violation in last 5 weeks. Price will find it tough to drop and break two support trend lines, hence we expect another upward attempt to test resistance level.
Pair Correlation > EURCAD has positive correlation with EURGBP and negative correlation with CADCHF.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions.
Thank You
AP17FX
EURCAD One more buy before bigger sell?Hi traders,
Keep an eye there for short term buy setup then we have to watch for sell setups.
If the price will drop down earlier watch for continuation to the downside.
EURCAD H4at EURCAD
We can take three long positions with
different targets and risks to reward.
don't forget risk-free after reaching the first targe
Two roads for #EURCADThere are two roads for EURCAD this week, the closest way is with the support that is the lowest level from last week. And the longest one could be to the resistance which is the last week's highest price.
