Eurcadshort
EURCAD | STILL IN RANGE
EURCAD has been trading in a range for more than 2 months. The price did attempt to break above it but it failed and is likely to retest the falling resistance breakout area.
We will monitor the price action on the dotted horizontal line and attempt to take a long position.
Trade your levels accordingly.
EURCAD | NEw perspectiveIf we look closely into what has been happening since yesterday on a lower timeframe, we will notice how it appears that price action has been rejecting the Bearish trendline identified on the daily time frame. In this regard, I want to be looking forward to selling opportunities right below the key level identified at 1.36900
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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.
EUR/CADX2 Position
1. Sell: EUR / CAD
Sell limit: 1.37530
SL @ 1.37840
TP1 @ 1.36740
TP2 @ 1.36250
Max Risk: 2%
2. Sell: EUR / CAD
Sell limit: 1.37900
SL @ 1.38160
TP1 @ 1.36740
TP2 @ 1.36250
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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Have a good week to everyone
It is not an investment recommendation
EURCAD | BREAKOUT INSIGHTEURCAD has given a breakout from long-term falling resistance after 4 months.
The pair looks bullish as after the double bottom formation, the price is making higher highs and higher lows.
One can form different strategies here;
1. Buy at the current price
2. Buy on a retest of the trendline.
3. Buy on breakout of horizontal level 1.37713.
Manage your risk accordingly.
EUR/CAD Both Entries Running In 400 Pips 0Drawdown , New Update 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 idea! 💡💬
Hi traders.
I use the supply-demand method for my analysis.
I expect the price will reach the yellow box.
💬
What do you think about this setup?
💬
Everything I share is how I trade personally. 😉
Enter the trade by checking yourself.☑️
Do not put more than 3% of your capital at risk! ❌
EUR/CAD Running In 200 Pips , 0 Drawdown , 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 Simple Short Setup To Get At Least 200 Pips !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
DeGRAM | EURCAD structure level EURCAD is slowing down while approaching a major resistance zone at 1.37500.
Candles are getting smaller, indicating that the price is running out of steam.
We are looking for short opportunities around that zone.
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EURCAD Trade IdeaA 'sell' opportunity just presented itself on the euro-loonie trading chart following the bearish inverted pin bar at the end of the bullish run just below the 1.37664 daily horizontal resistance level.
If you enter this trade at 1.37482 and put your stop at 1.37787 (about 30.5 pips) and target at 1.35355 (about 212.7 pips), you could be looking at a reward-to-risk ratio of 6.97.
Please cross check with your setup before placing any trade.
Your FX Plug,
Charles
DeGRAM | EURCAD descending channel Last week, we predicted that EURCAD would likely test the 1.36300 level.
Price made exactly the same move and currently, it's testing that level, the border of the descendin channel.
We expect the price to drop to at least 1.35600 levels.
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Share your opinion in the comments and support the idea with like. Thanks for your support!