Eurcad long ( Trade 3) I try to post and update my trade ideas every week. Follow me, if you like my trade ideas.
I use both fundamental and technical analysis to generate trade ideas. I don't feel comfortable to place orders based on just some random indicators. I look for strong fundamental reasons and these indicators help me to achieve a great risk to reward ratio.
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I USE BOTH FUNDAMENTAL AND TECHNICAL ANALYSIS . SO, I USED MY OWN RISK MANAGEMENT STRATEGY.
THE STRATEGY IS SIMPLE. OPEN TRADE AT 0.01 STANDARD LOT PER 500 USD INVESTMENT AMOUNT.
EXAMPLE: lot size 0.01 when you have 500usd,
lot size 0.02 when you have 1000usd,
lot size 0.10 when you have 5000usd,
lot size 0.20 when you have 10000usd
KEEP THE LOT SIZE CONSTANT FOR EVERY TRADE TAKEN WITHIN A MONTH. AT THE END OF THE MONTH WE WILL CALCULATE PROFIT IN PIPS AND DOLLAR AMOUNT. WE WILL DECIDE OUR LOT SIZE AT THE BEGINING OF EVERY NEW MONTH. I WILL POST MY COLLECTED PIPS IN A GOOGLE SHEET EVERY WEEK. LINK IS GIVEN IN MY PROFILE DESCRIPTION.
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Eurcadbuy
EURCAD TO SELL AFTER PULL BACK!At the moment, EURCAD is moving towards point of support to potentially form a 'double bottom' . from this point on, i see price retracing at least 50% of the bearish move before trading lower to our targets. Having said that, price is showing the potential to move to our targets without a pullback.
Only take the trade if price pullbacks to our entry as this allows for a risk to reward ratio. Close majority of the position at take profit one and move stop loss past entry point and let the rest ride out risk free.
Do not trade the pullback, wait to enter the real move.
EURCAD Set a Stage for a Short-term RallyEURCAD is making a triple zigzag corrective pattern. A three-wave rally is expected in wave (z) to complete the corrective structure.
Bullish price actions from the confluence level comprising of ascending channel and support zone further confirm that wave (x) of the triple zigzag might have bottomed and wave (z) rally has resumed.
I will wait for the price to breach the confirmation level for conservative entry and target the upper channel for take profit.
What's your view on EURCAD?
EURCAD reversed from resistance, potential drop!
EURCAD reversed off its resistance at 1.46172 where it could potentially drop further to 1.45315.
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EURCAD Triangle Might Yet To Completed - Bias Remains BullishI published an analysis on EURCAD yesterday, projecting an upward move from the Triangle pattern.
After I carefully reviewed yesterday price action, I could see that it was a corrective pattern, not impulse. So I re-count the wave from bottom in related with AUDCAD and know that it's forming a double three/triple zigzag corrective pattern.
Yesterday invalidation level still valid, as wave e of the triangle should not breach wave "c" low according to Elliot Wave principle. Price action can only be delayed, but the bullish rally is so imminent!.
What's your thought on EURCAD? Let's interact in the comment section.
Best,
Veejahbee.
EURCAD Market Outlook | Daily Forex Market BreakdownEURCAD
Looking bullish right now, but we have failed to push above resistance multiple times. We need to see how price reacts at the current resistance. If we see a strong break above we could see a bigger move to the upside, that being said if we fail to break above resistance again and we see a hard rejection we could completely melt to the downside. EC is definitely at a make it or break it level right now. Watching very carefully.
Triangle Pattern Should Send EURCAD HigherAfter a lot of whipsawing price action on EURCAD, and AUDCAD, I could now see the kind of price pattern in the making.
When there is a range-bound or contracting price action, it usually tends to be a Triangle. I'm able to label the price action on EURCAD.
And if the count is correct, price should resume higher from or near the current market price and the invalidation level should remain intact for the bullish bias to remain valid.
What's your thought? Bullish or Bearish?
EURCAD - FOREX - 05. DECE. 2019Welcome to our weekly trade setup ( EURCAD )!
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1 HOUR
Very bearish drop after touching previous resistance
4 HOUR
Prices back at support zone and buyers area
DAILY
Overall bullish waving market structure at support, good long entries.
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FOREX SETUP
BUY EURCAD
1ST ENTRY @ 1.46200
2ND ENTRY @ 1.46060
SL @ 1.45800
TP @ 1.46630
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(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 Market Outlook | Daily Forex Market BreakdownEURCAD
EURCAD is also on our watch list. Right now EC is currently resting on a make it or break it level so we need to wait patent to see if we are going to start climbing to the upside or if we are going to see a strong break and close below the trend line giving us the bearish pressure needed to push down to retest key levels of support. Looking very good keeping a close watch on EC.
EURCAD - FOREX - 26. NOVE. 2019Welcome to our weekly trade setup ( EURCAD )!
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1 HOUR
Bearish market turned bullish.
4 HOUR
Bearish price action at its wave low, we need a push to the upside.
DAILY
Bullish market at a bearish pullback, great long entries.
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FOREX SETUP
BUY EURCAD
1ST ENTRY @ 1.46630
2ND ENTRY @ 1.46330 (Wait for trigger)
SL @ 1.45810
TP @ 1.47520
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(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
More move higher for EURO-CADANALYSIS ON EURCAD
Welcome to my analysis
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30min CHart
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Interesting Point of interest In the EURCAD pair.
- Price testing 200 day EMA.
- look for buy signals.
- Expecting some more upward movement.
- Watch 1.47700 for Take Profit (TP).
- MACD showing bullish divergence
Stay Tuned
EURCAD Market Outlook | Daily Forex Market BreakdownEURCAD
Looking very interesting. EC pushed to the upside made a new high then melted back to the downside. I feel we are going to come down further but it is going to be key to wait patiently for a pullback so we can secure a clean entry. Keep in mind that we are still in an uptrend so we need to be cautious.