EUR-CAD
EURCAD is facing bearish pressure | 3 Sep 2020Price is facing bearish pressure where we could see a reversal below this level.
Cup & handleHere we see a clear cup and handle pattern on its last triangular wave, nearing the opening of a 2000+ pip long position
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FALLING WEDGEThe Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge.
EURCAD EURCAD globally forms a cup and handle pattern. Now there is a local falling wedge from which we will go up to update the highs.
Best regards EXCAVO
EUR/CADEURCAD Forming reversal pattern - falling wedge
I will wait until we reach level 61.8. there is also a strong support level in this area
Best regards EXCAVO
Don't miss the great buy opportunity in EURCADTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.5535). 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 56.
Take Profits:
TP1= @ 1.5645
TP2= @ 1.5700
TP3= @ 1.5752
TP4= @ 1.5826
TP5= @ 1.5980
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 (1.5535). 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 56.
Take Profits:
TP1= @ 1.5645
TP2= @ 1.5700
TP3= @ 1.5752
TP4= @ 1.5826
TP5= @ 1.5980
SL= Break below S2
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Now, It's your turn !
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ForecastCity English Support Team ❤️
EURCAD: Multi Time Frame Analysis & Plan for US Session
EURCAD reached a strong resistance line of a falling wedge pattern on 4H.
the price has been rejected from its boundary, confirming its significance.
to catch a bearish move, wait for a bearish violation of a bullish flag pattern on 1H.
it will be the perfect confirmation to initiate selling.
target level - 1.55
stop will be above the last high within the flag.
(in case of a bullish continuation above the yellow resistance area, setup will be invalid)
EURCAD Bullish 5 0 into Bullish GartleyOn EURCAD we have a bullish 5 0 pattern that just formed a bullish gartley at the pattern completion zone. We also have bullish divergence on the Macd and RSI 4hr and hidden bullish divergence on the daily chart.
EURCAD on a daily structure 🦐EURCAD after hitting the monthly resistance started a retracement move with a lower low lower high movment.
Market hit the 0.5 fib level of the major leg that also was a daily support.
At this level we will not take any trade but we will wait the market to give us a confirmation.
IF the maket will break above the daily support and break the minor channel we can look for a long position for the retest of the monthly high.
On the other hand if the market will break below the daily support and consequently break the dynamic trendline we can set a nice short order according with the Plancton's strategy.
–––––
Follow the Shrimp 🦐
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 Plancton0618 strategy will trigger.
EUR/CAD Expecting a Downside Move🔸 DAILY CHART EXPLANATION:
.
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🔸Price made a double top pattern with the previous high and bounced there.
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🔸It has also broken the Ascending Trendline.
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🔸The next bearish target is the Support Zone at 1.50500.
.
🔸 Will look for a lower timeframe bearish setup.
EURCAD Sell Stop positionSimple trend trading with Lower highs, Lower lows structure. Short order with -0.27 fib as TP1 and -0.68 fib as final TP.
EURCAD ANALYSISEURCAD broke major uptrendline
Price is based below HVN at level 1.5635 which indicates that pair is in distribution phase
Price is based below key level at 1.5650
Below SMA 100
MACD shows weakness in bullish momentum
It's expected forming Elliot wave (5) to target support level at 1.5392
Don't miss the great sell opportunity in EURCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.5615). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 1.5575
TP2= @ 1.5530
TP3= @ 1.5487
TP4= @ 1.5436
TP5= @ 1.5390
SL: Break Above R2
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Trade well, ❤️
ForecastCity English Support Team ❤️
Don't miss the great sell opportunity in EURCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.5615). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 1.5575
TP2= @ 1.5530
TP3= @ 1.5487
TP4= @ 1.5436
TP5= @ 1.5390
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 eurcad last week broke a strong resistance level .
this is what i am expecting from this pair based on supply demand
EURCAD - SWING - 18. AUGU. 2020Welcome to our weekly trade setup ( EURCAD )!
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1 HOUR
Bearish market open and pressure.
4 HOUR
Overall bearish market structure, expecting more downside.
DAILY
Great short entries, prices high in our opinion.
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FOREX SWING
SELL EURCAD
ENTRY LEVEL @ 1.57050
SL @ 1.57730
TP @ 1.55990
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 Updated 17th AugThe support of 1,568 had been passed. So we could wait a new pullback to test it as a resistance or confirm as a fake breakout and looking for a long trade.
USDCAD Short Opportunity! Technical Analysis - M Pattern formation, lost of momentum on the Daily Chart with an amazing wick rejection!
