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Eurcadlong

EURCAD - Long active ✅Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: As I said in my previous analysis we are bullish and I look for long from discount zone if price rejects from bullish order block. I opened a long position and my target is the imbalances higher. Fundamental analysis: Next week we have news on CAD, on Tuesday will be released CPI, pay attention to the result in order to validate the anaylsis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
EURCAD: Buy settupHello, as we can see, from a daily perspective EURCAD is in an uptrend, where the price broke above the daily resistance level and then made a corrective move to retest 0.5% Fibonacci retracement around 1.48500, then make another impulsive move to the upside. In 1h, the price was moving in a falling wedge pattern before it broke out of the wedge and closed above the daily resistance level. My bias is bullish, so I wait for the price to retest the daily support around 1.14700 before it can take off to the 1.5100 regions.
Long
by UnknownUnicorn4558066
EURCAD - Bullish Trend Formation According to my analysis using the Relative Strength Index (RSI) indicator, there is a divergence present at the moment. A bullish trend would be confirmed once the first LH (Lower high) is broken and the first HL (Higher Low) and HH (Higher high) are formed. As part of my personal trade plan, I intend to enter a long trade with a 1:1 risk/reward ratio. However, it is essential that you conduct your own thorough research and risk management strategies before making any trading decisions.
Long
by mansooryousafzai
EURCAD - Long from discount zone ✅Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement and then to reject from bullish order block + institutional big figure 1.48000. Fundamental analysis: Next week we have news on EUR, will be released Interest Rate which is expected to increase, followed by ECB Press Conference. Increased interest rate means strength in currency which could support our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD