EURCAD and Buy Area (7/7/2020)Buy limit
1.52925
SL at 1.52725
TP1 at 1.53125
TP2 at 1.53310
TP3 at 1.53500
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
Eurcadbuy
EURCAD - SWING - 06. JULY. 2020Welcome to our weekly trade setup ( EURCAD )!
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1 HOUR
Bullish reaction and open this week.
4 HOUR
Overall waving market structure at its lows.
DAILY
Good long entries, prices are down and above to jump up.
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FOREX SWING
BUY EURCAD
ENTRY LEVEL @ 1.52780
SL @ 1.52110
TP @ 1.54000
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
EURCAD, 4hr tf, inverted shouders head pattern Right now we could see EURCAD making an inverted shoulders head pattern on 4hr time frame.
Price also broke through the neckline and right now i see a retest of this neckline. There is also a structural area around it where it acted as resistance before.
Buy position can be taken at this retest for a potential upside.
Buy EURCAD 1.5340
Stop loss 1.5260
Take profit 1 @1.5420
Take profit 2 @1.5500
good luck
EURCAD at a key level of supportLooking at the weekly timeframe we see after pushing to the upside and closing back above 1.5060, EURCAD has been holding at this zone for weeks.
Last week EURCAD had a strong bullish rally back up to 1.538 before falling back down to 1.5060. If structure can hold at this zone we can look for price to push back to the upside, retesting the 1.5532 zone.
If you have any questions please feel free to comment below.