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Eurcadanalysis

EURCAD- DAILY CHARTThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves). Just ride the bullish or bearish impulsive move. Learn & Know the Complete Market Cycle. buy low and sell high concept. buy at cheaper price and sell at expensive price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support....
Short
by Tradelikemee
20 reason for sell EURCADUpdate 3/09/2022 1 Structure 12: bearISH 2 imbalances : target marked 3 Current Move1/2 : impulse 4 Entry TF : h1 4.1 ETF Structure: bear 4.2 move : impulse 5 Support Resistance: Ob resistance 6 FIB: trigger event retracement excepted (fib advance) 7 candle Pattern: rising momentum (ADVANCE CANDLE STICKS CONCEPTS) 8 Chart Pattern: ll hl 9 Volume : dried (VAS) 10 Momentum: below 40 (RSI UNCONVENTIONAL USES) 11 Volatility : walking on the band start (BOLLINGER BAND ADVANCE CONCEPTS) 12 strength: strong start (ADX) 13 Sentiment : euro is much weaker RATE OF CHANGE 14 Final Summary: two entries 1st enter sell at market open 2nd retracement at marked level both for sell 15Buy /Sell/Wait : wait/sell 16 Entry: 1.3119 17 Sl:1.3140 18 Tp:1.2653 19 Risk to reward Ratio: 1:16 20 Excepted Duration :8
by Optimum369
Time To BUY EURCAD 1200 PIP Move On The Horizon ?EURCAD has been dropping pretty heavy for nearly 2 years now and analyzing the MONTHLY and WEEKLY charts we have now entered a key long term demand/buy zone and at we touched a strong support level from 2011 this is all indicating that we have a potential 1200 pip BUYING opportunity back up to 1.40. As you can see on the chart above on the DAILY chart price has been grinding down to this key level and has started to create divergence signals on the MACD price creating new lows while the MACD moving higher indicating slowing of momentum inside a key MONTHLY demand/level thus indicating a reversal is on hand. What I expect to happen next week is price to maybe come down to test last weeks LOW around 1.29 or maybe slightly lower which will allow me to start positioning myself in this LONG trade. I will have a stop loss around 1.265 and long term take profit of 1.40 area nearly a 5:1 risk/reward on this position a break and clean close below the weekly demand zone will invalidate this position. Hope you enjoyed this breakdown happy trading
Long
by TheFxAce
Fiber/Loonie recovery setupHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about FX:EURCAD We can see a market break its strong support in D1. So we are expecting a strong rise near support. This is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit ! Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence........
Long
by Theranasaramd