ECAD buy analysis 01/10/2020This morning we are taking a look at a different pair. We have huge upside potential, providing we can respect support down at 1.55950, and break resistance at 1.56150 and then form a support around that area, we have good confirmations to execute longs with two big ranges to attack. Our first target would be resistance at 1.56750 before targeting 1.57350. As usual I would look to secure 10-20 pips and let the rest run. If support is broken there is no trade.
Eurcadlong
EURCAD Long SetupHead and shoulder breakout
stop loss is higher because we can go lower from here so we will enter with safety and hold this position
it will go higher for sure so not panicking here
once hold above and move in profit direction we will extend the stop loss step by step
Long : 1.568 - 1.5685
Stop : 1.552
Target : 1.575 ,1.58 , 1.585 , 1.59
EURCAD - SWING - 28. SEPT. 2020Welcome to our weekly trade setup ( EURCAD )!
-
1 HOUR
Bullish market open and pressure.
4 HOUR
Overall sideways market structure, good long entries!
DAILY
Market about to push to the upside again..
-
FOREX SWING
BUY EURCAD
ENTRY LEVEL @ 1.55930
SL @ 1.55470
TP @ 1.56600
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
EURCADEn este par a pesar de que no a roto la micro-tendencia bajista, se encuentra haciendo altos mas altos y se acaba de crear un pequeño canal alcista, asi que se podrian presentar dos escenarios ya que el precio a fallado en el intento de seguir subiendo, podríamos estar viendo un pequeño impulso bajista que respete el extremo inferior de ese canal o vuelva a tocar esa zona que tengo marcada y haga un gatillo para continuar al alza.
EURCAD - Potential LongI am still not 100% sure if this pair has shown signs of a fake breakout, we will need to monitor the price on Monday and wait and see whether or not price wants to continue ot respect the ascending trend line or trade outside it again. Definitely one to keep on your watchlist, lots of potential for an upside move here.
COT Data - 72% Short
EURO_CANADIAN STRUCTURE ANALYSIS|
EUR_CAD has bounced from resistance confluence.
(1) IT is now moving along the small diagonal support.
(2) If reached again, I expect a bounce up.
(3) Possible channel resistance breakout. Then>>>
(4) Next test of the diagonal resistance+ new higher high for new channel.
.................................................
LIKE and SUBSCRIBE for CARMA BOOST!!
EURCAD, 4hr tf, buy on Ichimoku confimationHello guys,
My trade setup for today is EURCAD pair, it is very possible this pair could continue going up as there is already all the confirmation needed to go upwards.
1st confirmation is price above the kumo cloud
2nd confirmation is kumo has changed from red to green
3rd confirmation is parabolic SAR switched to below the price indicating buy pressure
Buy limit EURCAD 1.5595
Stop loss 1.5525
Take profit 1 @1.5665
Take profit 2 @1.5735
RR ratio is 1 : 2
Use only 1-2% risk
Good luck
EurCad at channels resistance. What's next?I followed this pair closely in the past 2 weeks with a clear idea, the drop from 1.6 is corrective in nature and EurCad should resume its bull run.
Now the pair is trading close to downward channel resistance and I expect a break soon.
Dips around 1.55 should be bought and as the first target 1.57 should suffice for now.