Bullish Shark PatternEURCAD BULLISH SHARK PATTERN
Market Buy Order Set Up.
Buy Entry: (1.52978)
Max Take-Profit: (1.53792)
Stop-Loss: (1.52379)
Max Risk-Reward: (1.36)
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Eurcadsetup
EURCAD ANALYSISEURCAD ANALYSIS
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EURCAD bullish flagAs we can see a regular bullish flag in H1 chart. and upper trendline.
So we expect a fakeout near trendline before short term fall.
EURCAD/ LONGFX:EURCAD
S/L 1.53433 - T/P1 1.55375 - T/P2 1.55911 - T/P3 1.56659 - T/P4 1.57380 - T/P5 1.57858
EURCAD, Retesting Support, LongEURCAD, Retesting Support and continue Bullish uptrend! Trade when the Price action Tells!
EURCAD ( LET'S OPEN THE NEXT WEEK WITH EURCAD)looking for buying as long as price has tested the support
EURCAD SELL Trade IdeaLooking For A Downward Continuation With EURCAD
First Possible TP: 1.5337 Area
Second Possible TP: 1.53274 Area
Third Possible TP: 1.53108 Area
Bullish Bat PatternEURCAD BULLISH BAT PATTERN
Market Buy Order Set Up.
Buy Entry: (1.54168)
Take-Profit 1: (1.55573)
Take-Profit 2: (1.56441)
Stop-Loss: (1.53354)
Max Risk-Reward: (2.79)
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EURCAD: Diagonal pattern is over,
The pattern has finished in the range of 1.5461, the first confirmation for the buy order will be received when, the price crosses the range of 1.5592 . Also by crossing the price from the range of 1.5310, this analysis will be violated. The potential volume of target for the uptrend is too high and around 500 pips.
EURCAD | Perspective for the new weekWe experienced 230pips run in our direction on my last publication (see link below for reference purposes) on this pair with another trading opportunity building up again!
It is very interesting to observe that the market has continuously made its decision around the CA$1.55700 level since July 2020 which tells me that we can be confident to find a quick trading opportunity on this one!
Tendency: Downtrend ( Bearish )
Structure: Breakdown | Supply & Demand | Trendline
Observation: i. Since on the 22nd of Dec 2020, the price has found Lower lows respecting the Bearish trendline that led to the recent Breakdown of CA$1.55700 followed by a sharp rejection of this level last week.
ii. Considering the significance of our key level; The leg that broke down CA$1.55700 might experience correction back into this level for a decline continuation in the coming week.
iii. In this regard, I shall be looking for a significant level around the Key level/Trendline to find a safe haven for a selling opportunity this week.
iv. Lest I forget, I am looking forward to seeing buyers do quick activities around CA$1.5470 level after which selling opportunity will surface... Be patient :)
Trading plan: SELL confirmation with a minimum potential profit of 220 pips.
Risk/Reward : 1:4
Potential Duration: 2 to 5 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURCAD, 4hr tf, second chance to buy if you missed itHello my friends,
Previously i shared about a buy position for EURCAD on Sunday.
It was working out great and i managed to book some profit from it before it retrace down again.
Right now price once again retracing and i am gonna buy it again.
For those who missed it, this might be your second chance to buy it.
In my opinion we could see EURCAD breakout of this channel.
Our target this time will be the 1.618 fibonacci expansion which is our wave-3 target.
Buy limit EURCAD 1.5610
Stop loss 1.5560
Take profit 1.5770 (3.2R)
RR Ratio 1 : 3.2
Use only 1-2% risk
Good luck
EURCAD I WISH EVERYONE COULD EAT THE PIPS WITH ME From the Daily time frame perspective EURCAD is ready to go LONG
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EUR/CAD Technical Analysis
The counter has broken its near-term bullish trendline.
Then it formed a head and shoulder pattern and has broken down the neckline as well.
Hence, we expect the pair to be bearish in the near-term.
SHORT Don't really trade the Christmas break, but this year with the lockdown has got me stuck at home looking to take this cheeky short.
EURCAD Short - Clear support and resistance
- Historical resistance which price has consistently rejected
- 1:4 RR
EURCAD, 2hr tf, inverted HnS pattern to materializedHello my friends,
For today i saw an inverted HnS pattern on EURCAD pair.
This pattern occurs on 2hr tf so it might be a bit small in range but worth to try.
We will keep it simple with only price action, you can see price broken above the neckline with a solid candle close above.
The candle looks like a bullish pinbar so i think this is a confirmation candle as well.
Buy EURCAD 1.5490
Stop loss 1.5450
Take profit 1.5570 (2R)
RR Ratio 1 : 2
Use only 1-2% risk
Good luck
400 pips short setupPrice touched a descending triangle on daily chart & broke out of the ascending trendline on 4H Chart, price is currently at minor resistance zone.
EURCAD Technical Analysis
- Currently we can see a downward channel formation on EURCAD
- 1.5450-1.5400 is a support area and 1.5700 is a resistance also the upper edge of the channel.
- The price is above 200 EMA on Daily TF.
- A sustained move over 1.5400 will indicate the presence of buyers. If this move creates enough upside momentum then i'll look for the rally which can possibly extend to 1.5700
- Meanwhile, A daily close below 1.5400 can take the price to 1.5050
