✅✅ EURCAD LONG ✅✅What we see on EURCAD is quite clear and nice, price bouncing between two trendlines,
And for now we are in really strong area which you can see as gray rectangle
❗️ 1st lets wait for price to close above our support then set this order ❗️
2nd: set our 1:5 order and fly with the price
⚠️Take Max 1% of your capital on this trade⚠️
Lets see how price respects our each scenario
👇🏻👇🏻👇🏻 Any question comment bellow 👇🏻👇🏻👇🏻
GOOD-LUCK EVERYONE
Eurcadtrade
EURCAD LONG AT THE NEXT HALF YEAR.I think FX:EURCAD has a good long trend for the next 6-9 months.
We have now crossed the strong support line at 1.47320 and are consolidating at this level.
I indicated the points where you can fix the profit:
* TP1 = 1.52600 (November 2021)
* TP2 = 1.55840 (May 2022) << near border of flag
EUR/CAD Multi-Time frame analysisHi Traders
EUR/CAD Multi-Timeframe analysis
H1 Chart (Bearish)
A medium probability, entry signal to go SHORT will be given after the completion of a bearish trend reversal on the lower time frame at 1.46867 after the market found resistance at 1.47157 . Only the upward break of 1.47157 would cancel the bearish scenario.
Support & Resistance
1.46686 1.47146
1.46415 1.47270
1.45955 1.47431
H4 Chart (Bullish)
The completion of a trend reversal formation at 1.47288 has forced us to close our position earlier than we had planned. Now we are looking for the next opportunity to enter the market.
Support & Resistance
1.47410 1.47757
1.46415 1.47997
1.45810 1.48992
Daily Chart (Bearish)
The completion of a trend reversal formation at 1.47607 has forced us to close our position earlier than we had planned. Now we are looking for the next opportunity to enter the market.
Support & Resistance
1.47237 1.48156
1.45810 1.52092
1.44426 1.53833
Weekly Chart (Strong Up)
Waiting for a retracement higher towards the 1.47237 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.50518 level.
Support & Resistance
1.45810 1.47237
1.44478 1.50518
1.42626 1.51914
EURCAD; Short, for now.This is dropping strait onto the 200 Months Ema. (In conjunction with a final Equities Blow-off Top ). - After which, this should be a one-way Long for the better part of "forever". (EUR positive account balance vs. CAD, a purely speculative bubble - in no small part where the Wilshire5000 / GDP having just hit 200%!)
The Weekly;
EUR/CAD Multi-Timeframe analysis (03/02)Hi Traders
EUR/CAD Multi-Timeframe analysis (03/02)
H1 Chart (Bearish)
Target 2 at 1.52525 has been reached. We closed the remaining 50% of our position and now we are looking for the next opportunity to enter the market.
Support & Resistance
1.53327 1.53548
1.53030 1.53833
1.52898 1.53965
H4 Chart (Strong UP)
The market is approaching the support at 1.52821 . We are waiting to see reversal signals in order to reinstate LONG positions. Next important support is the 1.52619 level.
Support & Resistance
1.52821 1.53124
1.52619 1.53498
1.52092 1.53833
Daily Chart (Strong Down)
The market is approaching the resistance at 1.54016 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 1.55924 level.
Support & Resistance
1.52666 1.54016
1.52092 1.55924
1.51065 1.57096
Weekly Chart (Neutral)
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
Support & Resistance
1.52666 1.59912
1.50518 1.62060
1.47707 1.64871
EUR/CAD Multi-Timeframe analysis (Update)Hi Traders
EUR/CAD Multi-Timeframe analysis (Update)
H1 CHART ( Bullish )
A medium probability, entry signal to go LONG was given at 1.53623 after the market found support at 1.53317 . Only the downward break of 1.53317 would cancel the bullish scenario.
Support & Resistances
1.53328 1.53548
1.53030 1.53735
1.52898 1.53975
H4 CHART ( Neutral )
Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop.
Support & Resistances
1.53124 1.53498
1.52619 1.53782
1.52092 1.54414
DAILY CHART ( Strong Down )
Waiting for a retracement higher towards the 1.52666 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.54016 level.
Support & Resistances
1.52660 1.52666
1.50744 1.54016
1.47486 1.55924
WEEKLY CHART ( NEUTRAL )
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
Support & Resistances
1.52666 1.59912
1.50518 1.62060
1.47707 1.64871
EUR/CAD Multi-Timeframe analysisHi Traders
EUR/CAD Multi-Timeframe analysis
H1 CHART ( Strong Up )
The market is approaching the support at 1.53258 . We are waiting to see reversal signals in order to reinstate LONG positions. Next important support is the 1.53039 level.
Support & Resistances
1.53258 1.53486
1.53039 1.53548
1.52678 1.53719
H4 CHART ( BEARISH )
Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop.
Support & Resistances
1.53124 1.53498
1.52619 1.53782
1.52092 1.54414
DAILY CHART ( NEUTRAL )
Waiting for a retracement higher towards the 1.52666 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.54016 level.
Support & Resistances
1.52660 1.52666
1.50744 1.54016
1.47486 1.55924
WEEKLY CHART ( NEUTRAL )
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
Support & Resistances
1.52666 1.59912
1.50518 1.62060
1.47707 1.64871