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Eurcadshort

EURCAD, 4hr tf, sell after wave-4 retracementHello my friends, Another setup for the coming week is EURCAD pair. As you can see, the recent movement of EURCAD could be analyze using Elliott Wave theory. We could assume the recent movement to the downside as an impulsive wave-1 and wave-3. After this impulsive wave-3 we could expect price to retrace. Wave-4 usually retrace around 23.6%-50% fibonacci retracement. Well, for the best trade setup we could try to set a pending sell limit order around 50% retracement because it will give us a favorable 3R setup. Sell limit EURCAD 1.5570 Stop loss 1.5610 Take profit 1.5450 (3R) RR Ratio 1 : 3 Use only 1-2% risk After price move according to our direction for 40-50 pips, please set SL to BE or take partial profit Good luck
Short
by HayatoDragonFX
EURCAD is testing 1st resistance, potential for further drop!EURCAD is testing our first resistance, in line with our 127.2% Fibonacci extension and horizontal swing high resistance. Price could potentially reverse off this level towards our first support, which is in line with our 78.6% Fibonacci extension, 50% Fibonacci retracement and horizontal overlap support. It is worth noting that the RSI is also approaching the resistance level at 59.93. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
EURCAD, 4hr tf, sell channel breakout retestHello my friends, Last setup for today is EURCAD pair. As you can see there is a ascending channel which has been broken recently. Price retest this channel twice and failed to close back above it so i could say it is now a valid resistance. We could see price rotate lower from this point. The last 4hr candle also looks like a bearish pinbar which is a good indicators that sellers are in control for now. Sell EURCAD 1.5490 Stop loss 1.5520 Take profit 1.5430 (2R) RR ratio 1 : 2 Use only 1-2% risk Good luck Don't forget to check my other ideas that i posted recently and give it a thumbs up.
Short
by HayatoDragonFX
EURCAD - Bearish Bias EUR - BEARISH 1️⃣ As rising coronavirus infections remain in the spotlight and enthusiasm over a working vaccine fades. 2️⃣ In Germany, the federal government and regional leaders will meet again in a week to discuss the need for further restrictions. CAD - BULLISH 1️⃣ The CAD was also supported by a rally in oil prices. 2️⃣ Canada CPI for October is set to surge as IVEY PMI reported an increase in price component. ===== Technical ===== We are selling the EURCAD below the resistance on the H1 chart.
Short
by MonsunAsia
EURCAD - SWING - 16. NOVE. 2020Welcome to our weekly trade setup ( EURCAD )! - 1 HOUR Very bearish price action and pressure. 4 HOUR Closure below main sr level! DAILY Expecting prices to push lower now.. - FOREX SWING SELL EURCAD ENTRY LEVEL @ 1.54750 SL @ 1.55620 TP @ 1.53430 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
20