Eurcadsetup
EUR/CAD Finally Give Us Bearish Confirmation , Short Setup ValidThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURCAD: Bullish Scenario Is Active!EURCAD is forming a downtrend channel.
Price is forming a final sub-wave 5 of wave (5).
In my previous idea, I have mentioned that, If the price breaks down channel C, the following targets for Wave 5 will be 1.4313 - 1.42520 - 1.41652- 1.41156.
Price reached all the targets of wave (5).
Click Here to check the previous idea:
Currently, the price is heaving correction, but safe traders can enter after the breakout of the C channel.
After making wave (5), if the price breaks the B channel, it can go for 1.4377 - 1.4466-1.45629-1.4645, and start a new 5-wave impulse structure.
Please note that without a breakout, trend changes may not be possible.
EUR/CAD Running In 50 Pips Profits And New Entry Added !This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/CAD New Long Setup After Closure Above Neckline, 300 Pips TPThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURCAD: Sentiments Are Short-Term Bearish, But... EURCAD has completed corrective wave 4, and if the price breaks the parallel channel C, it may make a new low, which should be impulsive sub-wave 5 of wave (5).
If price breaks down channel C, the following targets for Wave 5 will be 1.4313 - 1.42520 - 1.41652- 1.41156 .
After making wave (5), if the price breaks the B channel, it can go for 1.4645 and start a new 5-wave impulse structure.
Please note that the Breakout of wave (4) indicates a strong bull trend.
If the price breaks the channel without a downward, it indicates truncated 5th.
I will upload intraday chart for further information soon.
EurCad- Rise to resistance?Since November, EurCad is trading in a range, with a low of around 1.42 and a high above 1.4550.
Yesterday the pair visited the lower boundary of the range and reversed (Pin Bar on Daily chart)
At this moment there is a high probability of continuation to the upside and traders can look to buy dips under 1.43 with a target at 1.45
A daily close under 1.42 negates this scenario
EurCad can rise above 1.5After a false break under 1.43 support, EurCad reversed strongly on Friday, putting in an immense bullish engulfing on our chart, which engulfs almost 2 months of trading.
1.4450 provides support now and dips towards that zone should be bought.
Bulls target can be 1.5 zone resistance and only EurCad under 1.43 would negate this scenario
EURCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.