EURCAD - Stepping DownAs you can see above price is stepping down nicely and respecting structure whilst doing it. This pair has recently broken the respected ascending trend line marked, we could now see a potential pullback before a continued sell-off as illustrated.
According to COT data source - 47% short
Eurcadshort
EURCAD SWING OPPORTUNITYThis is a opportunity at catching the pips early as we are nearing the ending of a leading diagonal of wave 1, we would be seeing a retracement along the way to give us mini pips gain, but the ultmate is the swing view in mind.
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EUR/CAD SELL SIGNAL Hey tradomaniacs,
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EUR/CAD: Daytrade-Execution
Sell-Limit: 1,55700
Stop-Loss: 1,56125
Target 1: 1,55255
Target 2: 1,55015
Target 3: 1,54665
Stop-Loss: 42 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,46
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EURCAD H4 SHORT PRICE ACTION FORECAST Another Euro pair under the bears' control, but in this case, more structural with the price structure, getting rejected by FIB levels and bouncing from the 50EMA in a clear downtrend.
Expecting that the price create the new downward impulse it will fill a short entry with the following elements
The order:
Type: sell-stop
S/L: 75 pips - R:R | 1:3 -
T/P: support level
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EUR/CAD Technical Analysis.Currently, EUR/CAD is trading at 1.5625. The pair is trading in a downtrend from some time by making channel patterns in the resistance and support wedges. The price is about to touch the resistance level at 1.5673 and it may rebound back from there. The pair is in downtrend from some time, so it may continue its down-trend and touch its support level at 1.5495 after rebounding from the resistance level.
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Rishikesh Lilawat
EURCAD TRADE PLANEURCAD 60
EURO FX/CANADIAN DOLLAR FX
Technical Analysis:- FX:EURCAD Broke Daily Support as Well Pressure on 4HR supportandresistance WE put Our Entry At 50% Pullback And Reward at 3times the ATR With Measured AND Controlled RISK
fundamental;- FX:EURUSD is weak Currency Due to Second Wave of COVID-19 AND Spokesperson Foreign Office Of Germany Put Excess Pressure on FX:EURUSD
While CAD is proving Strong As They locked thier border And Demand In NYMEX:CL1!
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Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EURCAD H4 SHORT PRICE ACTION FORECAST With the Euro under sellers pressure, currently under a correction, we could expect the pullback towards the Fib golden level for further bearish continuation. The current price structure allows the setup of entry at the confluence level, where the Fib level encounters the descending trendline.
The order:
Type: sell-limit
S/L: 100 pips - R:R | 1:3 -
T/P: support level
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EURCAD FOLLOW THE TREND Hi Traders, here is the full Video Analysis / Breakdown for EURCAD.
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