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.
Eurcadbuy
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.
EURCAD approaching support, potential for a bounce!
EURCAD is expected to drop to 1st support at 1.45085 where it could potentially react off and up to 1st resistance at 1.45655.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCAD - FOREX - 21. OCTO. 2019Welcome to our weekly trade setup ( EURCAD )!
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1 HOUR
Bearish price action towards previous support zone.
4 HOUR
50% Pullback of previous x-a wave formation and prices at strong support zone.
DAILY
Bullish market with small wave pullback, good long entries.
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FOREX SETUP
BUY EURCAD
1ST ENTRY @ 1.45830
2ND ENTRY @ 1.45610 (wait for trigger)
SL @ 1.45230
TP @ 1.46490
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