Eurcadsetup
Bullish Alt Bat PatternEURCAD BULLISH ALT BAT PATTERN
Market Buy Order Set Up.
Buy Entry: (1.53958)
Min Take-Profit: (1.54682)
Max Take-Profit: (1.55167)
Stop-Loss: (1.53385)
Max Risk-Reward: (2.11)
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EURCAD shortas we see eurcad just hit the monthly trendline and just like it did before it revearsed down and for right now we also see the head and shoulder pattern forming.
what we expect this last week of this mont is the retracement to the 61.8% or the 78.6% level, it can also head downwards.
tp levels are the given levels.
have a good week.
EURCAD LongsWaiting for price to pull back to the tdemand area of 1.53000 which is also the low of the previous week. Target is in the 1.57300 supply area.
Bullish Shark PatternEURCAD BULLISH SHARK PATTERN
Market Buy Order Set Up.
Buy Entry: (1.52978)
Max Take-Profit: (1.53792)
Stop-Loss: (1.52379)
Max Risk-Reward: (1.36)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
EURCAD ANALYSISEURCAD ANALYSIS
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Idea is not the financial advice!
EURCAD bullish flagAs we can see a regular bullish flag in H1 chart. and upper trendline.
So we expect a fakeout near trendline before short term fall.
EURCAD/ LONGFX:EURCAD
S/L 1.53433 - T/P1 1.55375 - T/P2 1.55911 - T/P3 1.56659 - T/P4 1.57380 - T/P5 1.57858
EURCAD, Retesting Support, LongEURCAD, Retesting Support and continue Bullish uptrend! Trade when the Price action Tells!
EURCAD ( LET'S OPEN THE NEXT WEEK WITH EURCAD)looking for buying as long as price has tested the support
EURCAD SELL Trade IdeaLooking For A Downward Continuation With EURCAD
First Possible TP: 1.5337 Area
Second Possible TP: 1.53274 Area
Third Possible TP: 1.53108 Area
Bullish Bat PatternEURCAD BULLISH BAT PATTERN
Market Buy Order Set Up.
Buy Entry: (1.54168)
Take-Profit 1: (1.55573)
Take-Profit 2: (1.56441)
Stop-Loss: (1.53354)
Max Risk-Reward: (2.79)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
EURCAD: Diagonal pattern is over,
The pattern has finished in the range of 1.5461, the first confirmation for the buy order will be received when, the price crosses the range of 1.5592 . Also by crossing the price from the range of 1.5310, this analysis will be violated. The potential volume of target for the uptrend is too high and around 500 pips.
EURCAD | Perspective for the new weekWe experienced 230pips run in our direction on my last publication (see link below for reference purposes) on this pair with another trading opportunity building up again!
It is very interesting to observe that the market has continuously made its decision around the CA$1.55700 level since July 2020 which tells me that we can be confident to find a quick trading opportunity on this one!
Tendency: Downtrend ( Bearish )
Structure: Breakdown | Supply & Demand | Trendline
Observation: i. Since on the 22nd of Dec 2020, the price has found Lower lows respecting the Bearish trendline that led to the recent Breakdown of CA$1.55700 followed by a sharp rejection of this level last week.
ii. Considering the significance of our key level; The leg that broke down CA$1.55700 might experience correction back into this level for a decline continuation in the coming week.
iii. In this regard, I shall be looking for a significant level around the Key level/Trendline to find a safe haven for a selling opportunity this week.
iv. Lest I forget, I am looking forward to seeing buyers do quick activities around CA$1.5470 level after which selling opportunity will surface... Be patient :)
Trading plan: SELL confirmation with a minimum potential profit of 220 pips.
Risk/Reward : 1:4
Potential Duration: 2 to 5 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EURCAD, 4hr tf, second chance to buy if you missed itHello my friends,
Previously i shared about a buy position for EURCAD on Sunday.
It was working out great and i managed to book some profit from it before it retrace down again.
Right now price once again retracing and i am gonna buy it again.
For those who missed it, this might be your second chance to buy it.
In my opinion we could see EURCAD breakout of this channel.
Our target this time will be the 1.618 fibonacci expansion which is our wave-3 target.
Buy limit EURCAD 1.5610
Stop loss 1.5560
Take profit 1.5770 (3.2R)
RR Ratio 1 : 3.2
Use only 1-2% risk
Good luck
EURCAD I WISH EVERYONE COULD EAT THE PIPS WITH ME From the Daily time frame perspective EURCAD is ready to go LONG
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EUR/CAD Technical Analysis
The counter has broken its near-term bullish trendline.
Then it formed a head and shoulder pattern and has broken down the neckline as well.
Hence, we expect the pair to be bearish in the near-term.
SHORT Don't really trade the Christmas break, but this year with the lockdown has got me stuck at home looking to take this cheeky short.
EURCAD Short - Clear support and resistance
- Historical resistance which price has consistently rejected
- 1:4 RR
