Eurcadtrade
EURCADEURCAD analysis: Buy zone and tp1, tp2... wait and follow for next TPs.
Follow, like, and or request symbol analysis.
Observe the money management and the stop loss.
EURCAD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURCAD BUY !!!!Price make a nice bounce from the bullish channel pattern, and also make a nice confirmation for took a trade on it. Always remember to took a trade with your own money management strategy !!!
EURCAD is preparing for a breakout!!EURCAD 4h Has formed strong bullish price action. Currently, price is in a local uptrend as there is a monthly resistance coming up, It is highly likely that EURCAD will continue to rise to test this previous monthly support as resistance.
On 4h timeframe, EURCAD has created a bullish engulfer on the support level in the last session signaling the further rise. On the news announcement, price may have a spike to the upside.
EURCAD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find a significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURCAD Short From Resistance!
EURCAD has retested a local
Horizontal resistance level at: 1.32305
And we've already seen some
Bearish reaction so a further
Move down is possible
EurCad SELL VIEWEURCAD is very strong Downtrend As My indicator panels also shows very Strong downtrend.
Daliy TimeFrame bearish engulfing.
H4 Timeframe Bearish Engulfing And HNS
H1 timeframe break of Up Trend and HNS
SO on monday we will go short on eurcad
EURCAD Local Short !!EUR-CAD broke the rising trend-line
Then went up to retest the broken level and horizontal resistance at 1.31223
From where I am expecting a local bearish reaction
And a move down to retest the target below 1.28979
EURCAD - Buy - Support on Higher timeframeprice has channelled down to a strong support area, short term buy to at least to of the channel.
EURCAD - Broken Support EURCAD - Sell
The Weekly major support level has broken amidst unsettling european events. The level should now turn resistance and has already tested it.
Entry: 1.3376
Price has bounced of former support now turned resistance,
Stop: 1.34103
Above the support area, if price breaks through to this area, it'll have taken out previous highs and possibly looking at change of trend.
TP
I have highlighted key profit taking areas, can use a trailing stop and move trade to breakeven when certain amount in profit for risk management.
EURCAD Buy at SupportEURCAD Buy/Long Bounce off Support
Entry: 1.33888 - 134000
1) At support which has held out since end April with 3 previous touches at this zone.
2) Also a historical key support on higher time frames Daily, Weekly, Monthly Chart
Stop Loss: 1.33680
1) 20 pips breathing space below buy zone
Take profit:
Have labelled key zones
can trail stop loss.
ECAD TO THE DOWNSIDE!!!As investors await the NFP data in 2 hours time, i'm expecting ECAD to close this week below last week's low and forming a new low below 1.134400.
EURCAD Will Go Up!EUR-CAD was trading in a narrowing bullish wedge
And now we are seeing a bullish breakout at last
Which confirms my bullish bias on the pair
And I will be expecting the price to go further up
Towards the target level above AT 1.40962
EURCAD BUY ANALYSISLooking at EURCAD on 2H
Currently looking for long/buy position
We looking for possible formation of the reaction phase
EURCAD Potential Long !!EUR-CAD is trading in a local falling narrowing wedge
The horizontal support level at 1.36450 . was retested
So if we see a bullish breakout
The pair will rise to resistance areas at 1.42004
EURCAD Analysis and Trade IdeaAdjusting to the price action, an updated look at the current market shows price is bearish, making LHs and LLs. It is now at a what I believe is a valid demand zone. I am looking for bullish PA that may indicate a market shift here, where the market may be turning from bearish to bullish momentum.
EURCAD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURCAD Will Go Up!EUR-CAD is trading in a falling channel
And the husband re-tests Channel support level and horizontal support at 1.392
I think it's followed by a bounce from existing areas
By the bullish correction is possible
So we will be waiting for the reversal signs
To be able to enter a long trade BUY
EURCAD flag pattern its form 1hr chart it touch trendline residence and if any news come eurcad break the line bull run start or else market down and flag pattern break bull start two possible wait for confirmation
EURCADAfter breaking the set level, the price drops to the previous floor by 150 pips. Also, R:R = 2. Are you agree?
Trading Idea Regarding EURCADAccording to my analysis this currency pair inshallah move bearish for the upcoming week
1-Strong nice downtrend
2-Nicely repeating its key levels towards downtrend
Note:
For bearish move it is suppose to hold trend line
EURCAD, annual closure and ...Good Morning everyone, the price of the Euro against the Canadian Dollar is falling just near the end of the annual cycle.
We still have some time to see it drop below the November lows, personally I see 1.40526 as a good level of buying, but only the MCS will confirm this.
The excess weakness on the MCS is showing up, the channel is tightening fast and everything points to a buy signal within the first ten days of February.
For now we wait and do not anticipate anything, not even on the support at 1.4198, clear ?? :)
