EUR-CAD
EURCAD on the retest of a channel 🦐EURCAD after a downtrend inside a descending channel, break to the upside.
The market broke the trendline and resistance and now retracing back inside a bull flag.
According to Plancton's strategy, if the market will break above, we can set 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.
💡 Don't miss the great buy opportunity in EURCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.5495). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 1.5600
TP2= @ 1.5665
TP3= @ 1.5735
TP4= @ 1.5825
TP5= @ 1.5975
SL= Break below S2
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💡 Don't miss the great buy opportunity in EURCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.5495). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 1.5600
TP2= @ 1.5665
TP3= @ 1.5735
TP4= @ 1.5825
TP5= @ 1.5975
SL= Break below S2
❤️ 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: Market of Buyers
Here is our today's forecast on EURCAD.
Our analysis is based on current market fundamental sentiment.
According to our chart EURCAD is trading within a demand zone.
Based on our technical analysis the price will start growing
to the next resistance.
Please, support our analysis with like and comment!
Possible reversal in EURCADOn H4, the downward trend starts on December 22 at EURCAD. In its last part, the trend expanded and made a more impulsive movement.
Last week, however, we saw a very strong rise, which broke the trend line and made a higher peak. This allowed us to see a reversal of the trend.
To confirm that an uptrend has started, we need to see a break of the previous peak and the resistance around 1.5500
This will allow us to see a rise to
1.5608
and
1.5662
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
EURCAD a Cup & Handle pattern? 🦐EURCAD on the daily chart after the round bottom that ended at the monthly resistance started a retracement into a descending channel (handle).
The market reached and attempt to break the 0.618 Fibonacci level retracement.
According to Plancton's strategy if the conditions will be satisfied we can set 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.
💡 Don't miss the great buy opportunity in EURCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.5363). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 1.5490
TP2= @ 1.5565
TP3= @ 1.5665
TP4= @ 1.5735
TP5= @ 1.5825
SL= Break below S2
❤️ 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 ❤️
💡 Don't miss the great buy opportunity in EURCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.5363). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 1.5490
TP2= @ 1.5565
TP3= @ 1.5665
TP4= @ 1.5735
TP5= @ 1.5825
SL= Break below S2
❤️ 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 - SWING - 19. JANU. 2021Welcome to our weekly trade setup ( EURCAD )!
-
1 HOUR
Bullish price action after previous support zone was hit.
4 HOUR
Overall bearish market about to turn..
DAILY
Great long entries, price about to jump up.
-
FOREX SWING
BUY EURCAD
ENTRY LEVEL @ 1.54360
SL @ 1.53490
TP @ 1.55620
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 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..
-
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