EUR-CAD
EURCAD HammerEURCAD has arrived to a support zone at 1.535, and formed the hammer pattern on the daily chart on the last day of the week. Here the price can break this support and fall to the next support around 1.5, or the price will turn around and continue the sideway moves between 1.535 and 1.575
EUR/CAD About to Break the Range?Good morning traders, today we want to bring our analysis in the EUR/CAD pair, which we consider has the possibility of breaking the range in which it has been moving for months.
🔸This pair has not had a clear trend in this timeframe for quite some time, although in lower timeframes we can find internal trends in the range.
🔸It is approaching a strong support zone, where we consider two potential scenarios.
🔸The bullish scenario implies that the price cannot break the zone and generates a rebound and again seeks the upper part of the range, which would imply that the lateral movement is still in force.
🔸And, the bearish scenario implies that the price generates a downward breakout in the support zone, and has the potential to generate a bearish movement towards the next zone.
EURCAD - SWING - 11. JANU. 2021Welcome to our weekly trade setup ( EURCAD )!
-
1 HOUR
Very bullish pressure and price action.
4 HOUR
Expecting more upside, price broke above main sr level.
DAILY
Weekly intervals indicating more bullish momentum..
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FOREX SWING
BUY EURCAD
ENTRY LEVEL @ 1.55680
SL @ 1.55060
TP @ 1.56590
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EUR CAD BUY 4HR HARMONIC 'M' PATTERN FOUND
what im looking for is 1.5527 to find support along a previous inverted H&s neckline(blue) & also the horizontal support of 1.55
my ideal ENTRY would be 1.55 but that may be too late, so anywhere under 1.5527 is good enough for me to continue to avg down my positions with a stop at 1.548 if it came to that point
so my ideal entry and tp scenario oes like this
stop 1.548
entry 1.55
tp1 - 1.5565
tp2 - 1.565
tp3 - 1.567
if we get to to 1.56 im going to update and let the trade run by itself as i will be looking to take most of my profit off around there
EURCAD ANALYSISEURCAD rebounded from lower edge of price channel
Price is based above key level at 1.5490
Pair rejected from 78.6% Fibonacci level at 1.5500
MACD shows weakness in bearish momentum
RSI rebounded after reaching oversold region
It's expected for coming bullish wave to target upper edge of price channel corresponding to HVN at level 1.5650
EURCAD on a bull flag 🦐EURCAD after the double bottom at 1.54300 moved in a nice impulse until the 1.57800 area.
The price from there starts a retracement move inside a channel.
Currently the price touches the 0.618 and if the rules of Plancton's strategy will be satisfied we can place a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURCAD - SWING - 05. JANU. 2021Welcome to our weekly trade setup ( EURCAD )!
-
1 HOUR
Very bullish market structure and closure above main sr level.
4 HOUR
Overall good long entries, price action very bullish.
DAILY
Looks like a turnaround!
-
FOREX SWING
BUY EURCAD
ENTRY LEVEL @ 1.56350
SL @ 1.55760
TP @ 1.57180
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURCAD - SWING - 28. DECE. 2020Welcome to our weekly trade setup ( EURCAD )!
-
1 HOUR
Very bullish market open.
4 HOUR
Expecting more upside in this pair after a small pullback.
DAILY
Price turned back towards main sr level, good long entries!
-
FOREX SWING
BUY EURCAD
ENTRY LEVEL @ 1.56760
SL @ 1.56180
TP @ 1.57650
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURCAD uptrendOn December 15, the upward trend of M30 at EURCAD started.
The trend continues to develop well, currently trying to break the resistance at 1.5737.
Closing above this level will open the possibility of rising to:
1.5770
1.5803
1.5838
Don't enter into a trade before a break!
The scenario fails when the previous bottom breaks.
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
💡 Don't miss the great sell opportunity in EURCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.5665). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 1.5580
TP2= @ 1.5526
TP3= @ 1.5450
TP4= @ 1.5370
TP5= @ 1.5280
SL: Break Above R2
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Now, It's your turn!
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💡 Don't miss the great sell opportunity in EURCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.5665). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 1.5580
TP2= @ 1.5526
TP3= @ 1.5450
TP4= @ 1.5370
TP5= @ 1.5280
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURCAD on a retracement move 🦐EURCAD on the 4h chart attempted to break the 1.54500 resistance area without success,
The price from there got rejected and now testing a resistance structure.
IF the market will break above we can set a nice long order according to Plancton's strategy.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Leave a comment that is helpful or encouraging. Let's master the markets together.