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Eurcadbuy

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
Long
by DACapitalTrading
34
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
Long
by HayatoDragonFX
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
Long
by DACapitalTrading
29
EURCAD, 4hr tf, buy end of wave-iv at EMA-200Hello everyone, We're going to start the first week of 2021 soon. I am going to share all my plan for this first week to you all and hopefully it will be useful to all fellow traders here. My first trading plan is EURCAD pairs. As you can see price currently in an ABC correction inside a downward chanel. There is an area of confluence support at 1.5570-80 level which will attract buyers in my opinion. EMA-200 as a strong dynamic support + 61.8% fibonacci retracement + horizontal support level + downward channel support. It will be no wonder if price shoot up from this area after touching it for a brief moment. I am preparing 2 trading plan for EURCAD which has the same entry and SL but different take profits. For conservative traders, you could take profit at the top of downward channel. Aggresive traders could set take profit slightly below our next horizontal resistance at 1.5820. BUY EURCAD 1.5570/80 Stop loss 1.5530 Take profit 1 at 1.5710 (3.5R) Take profit 2 at 1.5820 (6.25R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
2
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
Long
by DACapitalTrading
14
EURCAD, 2hr tf, inverted HnS pattern to materializedHello my friends, For today i saw an inverted HnS pattern on EURCAD pair. This pattern occurs on 2hr tf so it might be a bit small in range but worth to try. We will keep it simple with only price action, you can see price broken above the neckline with a solid candle close above. The candle looks like a bullish pinbar so i think this is a confirmation candle as well. Buy EURCAD 1.5490 Stop loss 1.5450 Take profit 1.5570 (2R) RR Ratio 1 : 2 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
EURCAD, 4hr tf, buy bullish flag breakoutHello my friends, Another setup for December is EURCAD pair. As you can see, it looks like a bullish flag pattern formed on this pair. Price already took down the resistance and currently retesting it as a support. We might see price rotate towards 1.5650-60 area. This bullish flag measured objective are around 270 pips. The next resistance would be at 1.5650 which where will be our take profit for this trade. If you're a fan of Elliott Wave, we could also assume this movement as Wave ABC correction in my opinion. Let's see how this turn out. Buy EURCAD 1.5510 Stop loss 1.5460 Take profit 1.5660 (3R) RR Ratio 1 : 3 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
EURCAD Bullish Trade SetupIn the EURCAD chart above, the price made a five-wave impulse rally, in wave "i". According to the Elliot Wave principle, a three-wave correction in the opposite direction follows every impulse move. In EURCAD's case, the corrective move has been taking the shape of a double-three pattern which seems to be completed or still has the potential to make another leg down in wave (Y). While putting the probabilistic scenario of wave (Y) in consideration, the break of the green line will indicate the completion of the corrective structure and signal the resumption of the bullish impulse. I just have my buy stop set at the level and waiting for the market to do is things. What's your view on EURCAD? Best of luck on the chart, Veejahbee.
Long
by Veejahbee
11/22- 11/27 EUR/CAD Potential Bull Flag SWINGDISCLAIMER: I've already entered this trade on Friday, I've posted a previous idea for a potential buy below and i've BEEN PLOTTING on this. Eur/Cad has been in a sideways downtrend ever since August (white line) & we are coming up for another test of the trend line. Feel free to make this chart yours. ALERTS ARE SET ON MY TREND LINES... So for this to continue, these are what im looking for: 1. A break of my white box to the upside, holding this 1.553 (green dotted line) area as support 2. Break of the white dashed line into my red line (1.5585) 3. MOST IMPORTANTLY for the hold.. end the week above the white or red line Blue line is a previous Head & Shoulder neckline that is unique. it acted as support and resistance along this trend dating all the way back to June 2019... as we in closer that will be my target. Orange Price Boxes are my TP's Right off the bat going into London we have MAJOR volatility news with the EURO PMI data coming out.. that's kinda when im expecting this to make a decision.. This trade is at break even. if we can't break i'll close.
by SlattYSL