Eurcad Buy Setup! LongDISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
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Eurcadshort
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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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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Short Setup on Pullback-Respectable descending TL
-Previous level of support now acting as resistance
-0.618 fib retracement area
-SMA50 to supporting the downtrend
EURCAD FOLLOW THE TREND Hi Traders, here is the full Video Analysis / Breakdown for EURCAD.
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EURAUD H1 SHORT PRICE ACTION FORECAST Price was able to manage the breakout of the ascending trendline, with the EUR showing seller bias across the board and the AUD buyers' preference. We can be in the presence of the re-test of the broken trendline for a downtrend continuation towards the support area of the channel pattern; this allows the setup of a short position.
The order:
Type: sell-stop
S/L: 20 pips - R:R | 1:3 -
T/P: support level
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EURCAD - Break OutThis pair has broken out of the small ascending channel that it was respecting after touching the significant structure. I will be monitoring this pair closely now to see whether or not we get a good sell confirmation from this region, I have marked a potential trade I may take depending on how price reacts.
76% of commercial players are short according to my COT Source.
Will EURCAD see 1.5475 ?Price is starting to break out of the ascending channel indicating that we could see a push to the downside, retesting 1.5600.
If price breaks 1.5600 next target would be 1.5475
If you have any questions please feel free to comment below.
EURCAD - SWING - 18. AUGU. 2020Welcome to our weekly trade setup ( EURCAD )!
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1 HOUR
Bearish market open and pressure.
4 HOUR
Overall bearish market structure, expecting more downside.
DAILY
Great short entries, prices high in our opinion.
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FOREX SWING
SELL EURCAD
ENTRY LEVEL @ 1.57050
SL @ 1.57730
TP @ 1.55990
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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ALAN
EURCAD H1 SHORT PRICE ACTION FORECAST After the false breakout from the resistance level and retest of the descending trendline, price action is under a clear bearish momentum, getting back into the channel pattern.
Expecting that the price heads towards the support level from the channel allow the setup of a short position with the following features.
The order:
Type: sell-limit
S/L: 25 pips - R:R | 1:2.5 -
T/P: support level
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EURCAD Updated 17th AugThe support of 1,568 had been passed. So we could wait a new pullback to test it as a resistance or confirm as a fake breakout and looking for a long trade.
EURCAD SHORT!!Pair name - EURCAD
Action - SELL/SHORT
ENTRY -1.5688
TP - 1.5617
SL - 1.5730
TRADE STATUS - OPEN
EURCAD short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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