[symbol="OANDA:EURCAD"]OANDA:EURCAD[/symbol] SELLOANDA:EURCAD SELL
Hello traders here we have strong demand zone and possible double top pattern
so i sell from here, targets on the chart
Eurcadsell
EUR/CAD Breakout ChancesHere from the analysis EUR/CAD hovering around it's support price @ 1.59319.
Currently there are two possibilities,
1). The price will break the support and it will brearish until price @ 1.57642
2). If the price retraces after reaching support price then there is a good bullish chance until price @ 1.61458.
EURCAD double top formation followed by a major downfallHi guys,
Looking at this 1 Day chart, we can see there was a double top formation and the chart has started to go on a downtrend reversal.
Hence, i believe this trade go down to the 0.618 level before next the consolidation period and based on the previous downtrend back in 2016, we can expect another pullback before further downtrend.
T/P at 1.5115
S/L at 1.6110
R:R 1.8
Please don't trade more than 2% of your capital
Hope you earn some profit from this idea
Cheers!
EURCAD SHORTwith this NAFTA and Tariff outta way and EC outta the wedge..this one has the potential to go back all the way to 1.55
EURCADCounter Trend Trade. My idea is to trade the pullback at least to the first bear fractal on the 4H chart. Daily chart shows a big bullish candle and the price may still goes up touching the top line of the resistance level. My psychological resistance level is based on the resistance level in 2016 previously. Why I take this trade is because the inverted hammer is a strong indication of reversal especially when it is on the support and resistance level. Be mindful that counter trend trade is a lot more risky than trading with the trend. This may also be a bear trap. Let see how it goes :)
EURCAD ShortEURCAD has been forming Lower Lows and Lower Highs and has retraced to the 61.8 Fib in the 4hr time frame great opportunity to go short
EURCAD Sell opportunityCURRENCY PAIR: EURCAD ;
Time Frame: 1D - 4H;
SHORT OPPORTUNITY.
R/R Ratio : 3.0
Retest broken trendline + support line.
EUR/CAD potential shortLooks like we can expect some bearish momentum next week. Looking for a potential entry.
Eurcad A Drop is Ready for 300-500 pips as holding below 1.49Eurcad Trading around 1.4735 level where its ignoring above 1.4850 level and weekly top also seems around 1.4850 level.
If pair hold below 1.4850 we can see drop toward 1.44-1.45. Advice to sell pair in range of 1.4730-1.4820 SL above 1.4920 TP1 1.45 TP2 1.4350
Short: Retest Look wait for Sell Signal..This pair could have broken support, but i will wait for confirmation before taking a position
EURCAD Ready To Move upEURCAD on the daily time frame is getting close to its lower range and from above its getting squeezed by a resistance. This gives the chance on a nice strong upwards break the next days that can give 250 pips
TP: 1.4990
SL: 1.4630
Structure Exposed!Hi guys,
this is a trend continuation trade that i was paying attention to from last week. Now price has finally reached the structure zone and i want to be able to capture the movement that can be generated here, hopefully on the right side, that i think is bearish. That's why i'm waiting for a double top completion in order to get an entry signal to the downside. Stops would go above the highs, targets as i will show on updates.
I'll let you know if i manage to get involved.
If you want to share your view/ideas, feel free to comment below.
Otherwise, see you in the next chart!
Broken Support Becomes ResistanceHi guys,
this is a trend continuation trade that i was paying attention to from last week. Now price has finally reached the structure zone and i want to be able to capture the movement that can be generated here, hopefully on the right side, that i think is bearish. That's why i'm waiting for a double top completion in order to get an entry signal to the downside. Stops would go above the highs, targets as i will show on updates.
I'll let you know if i manage to get involved.
If you want to share your view/ideas, feel free to comment below.
Otherwise, see you in the next chart!
Short EURCAD Short Term Based On H1 TF Double Top Chart PatternWe can see the EURCAD has now formed a double top. For this chart pattern to be valid, price should break the neckline to validate the double top, pushing price further down.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
Crude oil strength means Loonie strengthI've been disgustedly inactive due to hectic school schedules as well as slow internet connectivity. For that, I will be publishing my rationale on why I entered the following trade.
For the past days, I've been obsessed with Canadian Dollar pairs.
If this Forex pair does break the graphed line, it may possibly dip to the 1.42500 area.
EURCADEURCAD. Opened a sell trade at 1.4571. Looing for a nice downtrend with this pair after the breakout. First TP 1.44 Level and SL at 1.463 (et yours at around that level)
EUR/CAD 1:3 RR, Worth a tryLooking at the chart, 1.465 being the critical level as it served as a support prior to the breakdown on 12/7/2016. 1.465 was tested twice on 18/7/2017 and 20/7/2017.
Worth putting this pair into your watchlist for the next couple of days or weeks. If it breaks and closes above 1.465, go long, TP 1.481 (160pips). But my bias is it is going to stay below 1.465, target @1.45 and stop @1.469 (150pips vs 40pips).
Lets see how it goes!
