Short Setup on Pullback-Ascending TL breakout, retest and continuation expected
-0.5 fib retracement
-Strong area of S&R
-MA50
Eurcadshort
EURCAD - SWING - 21. SEPT. 2020Welcome to our weekly trade setup ( EURCAD )!
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1 HOUR
Very bearish price action!
4 HOUR
Looking for further downside movement this week.
DAILY
Market looks like its turning bearish now..
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FOREX SWING
SELL EURCAD
ENTRY LEVEL @ 1.56050
SL @ 1.56500
TP @ 1.55430
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
EURCAD - Idea UpdatePlease view my related idea below to gain more insight to my thoughts on this pair. I would now say I am highly interested in a long position, I will be waiting for a significant pullback to get an ideal RRR trade.
EURCAD - Potential LongI am still not 100% sure if this pair has shown signs of a fake breakout, we will need to monitor the price on Monday and wait and see whether or not price wants to continue ot respect the ascending trend line or trade outside it again. Definitely one to keep on your watchlist, lots of potential for an upside move here.
COT Data - 72% Short
EUR/CAD Forming Cup and Handle Pattern.Currently, EUR/CAD is trading at 1.5586. The pair is trading above the channel resistance level, It can move below resistance level to start a new down trend in the channel. So, accordingly plotted entry levels and target price. If the price breaks resistance level at 1.5531 inside the channel, then the price will enter into the downward channel and start a new down trend. Then its target price will be the support level of channel at 1.5350.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Rishikesh Lilawat
EURCAD SHORTNice Rejection from the trendline as well as the daily resistance. EUR is trending low.
Enter the trade in two parts, move SL to entry once the first TP is reached.
Fx-TC Team
EURCAD expected to drop to 1.53 levelEURCAD expected to drop to 1.53 level
Today is Bank Of Canada Interest rate decisions (expected to be unchanged) which means the asset will become volatile in the next 2 4h candlesticks.
If it will drop because of the event, i want to already have a sell position before that time.
If then, the event causes it to rise, i want to be able to sell it again even at prices of 1.565 and 1.57
EURCAD Monetary Policy meetingAs I published early this week, tomorrow will be the Bank of Canada's meeting, the market doesn't wait a particular change, so the reaction of the pair EURCAD, will be affect by the stimulus and economy outlook.
Short EURCADAfter a nice bearish move, this pair has been in a descending channel for the past 3 weeks. It has recently made a lower high and I sense that it will break out to the downside in the next week or so, to resume the down trend.
I am looking for a lower high to form to take my short entry.
There is support coming up between 1.5180 and 1.5230 that I will target.
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As always, please use sound money and risk management in all your trades.
EURCAD SHORT PRICE ACTION FORECAST Price remains trading within a descending channel. Strong bearish bias continuation allows the setup os a short position to capture the downward movement.
Expecting the downtrend continuation after rejection from the EMA allows a sell stop entry to be placed.
The order:
Type: sell-stop
S/L: 44 pips - R:R | 1:3.4 -
T/P: previous resistance level
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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
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.
Stay tuned and follow me for updates on mini timeframes. Happy Trading
EURCAD / SHORTWe can see price fell from a key level of resistance, its now retracing
We will wait for a break of structure before shorting this pair.. im expecting price to bounce off of one of the fibo levels then break structure
Once thats done we can look to short
EUR/CAD SHORTi am watching this pair carefully as there is a good potential short play will happen with EUR/CAD
EUR/CAD SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
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
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EURCAD sellEURCAD reached the pink trendline and shown a rejecttion. Price is expected to move down to the support zone, consolidate before forming a handle for the cup. Up to 180 pips awards for the sale and up to 500 pips for a long term buy
