Eurcadforcast
EurCad- nice bullish setupAfter a very short-lived dive under 1.5450 support, EurCad has recovered quickly and reached 1.56 resistance.
In the last 4 trading days the pair traded in 100 pips range between 1.55 and 1.56 and I believe this range will be broken to the upside.
Buy dips is my strategy for this pair with a soft target at 1.5650 and a medium-term target at 1.57 resistance
EURCAD holding daily support #EURCAD:
(1D):
The overall outlook is showing an uptrend, confirmed by the 200 EMA, currently retracing in a massive descending triangle, given the strong support at 1.545. If this won't hold, we would probably see a bias switch.
(4H):
Zooming in, we notice how the leg down formed with a clear bearish structure, but got a strong rejection at current support, which led to a new higher low formed
(1H):
Since a new higher low has just been confirmed, we could expect more upside to come. However, what i want to see is a clear bullish continuation pattern on the 1H
EURCAD LONG in the short termEURCAD is position at price @ 1.5612 for a bull run. This is a short term analysis.
Overall, we should expect a pullback of price around @ 1.5624 and 1.5636 and if the price closes below @ 1.5636 then our move will be short to the downside with target price @ 1.5509 and price @ 1.5495
I am bullish until the price reaches @ 1.5624
Good Luck Traders.
EURCADThe market recently brokeout below the horizontal support of the descending triangle and is currently retracing. Possible sell re-entry at confirmed bounce off downtrend resistance + flip support + fib retracement levels ↘️
EURCAD retracement on the dailyEurcad has been going down for a while. we can now expect a retracement to the 0.5 or 0.618 on the daily chart. Also, after the market gives a retracement to the o.5 or 0.618 we can expect a big short to the downside. Market has already broken resistance on 4h when the resistance turns into support I am buying eurcad. You can buy there too or use your own strategy for entry.
Long Position on EURCAD-4HHello Traders!
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🚀BUY Execution according to the market.
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EURCAD, 1hr tf, sell below kumo cloudHello my friends,
Another trade to take for today is this EURCAD pairs.
The setup looks like EURAUD and i am gonna take a sell position as well.
All the requirement for selling this pair are also met on the 1hr chart so we will sell on a retracement of last 1hr candle close.
Sell EURCAD 1.5530
Stop loss 1.5565
Take profit 1 @1.5495
Take profit 2 @1.5460
RR Ratio is 1 : 2
Use only 1-2% risk
Good luck
EURCAD One more buy before bigger sell?Hi traders,
Keep an eye there for short term buy setup then we have to watch for sell setups.
If the price will drop down earlier watch for continuation to the downside.
ECAD buy analysis 01/10/2020This morning we are taking a look at a different pair. We have huge upside potential, providing we can respect support down at 1.55950, and break resistance at 1.56150 and then form a support around that area, we have good confirmations to execute longs with two big ranges to attack. Our first target would be resistance at 1.56750 before targeting 1.57350. As usual I would look to secure 10-20 pips and let the rest run. If support is broken there is no trade.
EURCAD Long SetupHead and shoulder breakout
stop loss is higher because we can go lower from here so we will enter with safety and hold this position
it will go higher for sure so not panicking here
once hold above and move in profit direction we will extend the stop loss step by step
Long : 1.568 - 1.5685
Stop : 1.552
Target : 1.575 ,1.58 , 1.585 , 1.59
EURCAD H4, Analysis Based On Price Action TheoryWe Have an Analysis Of EURCAD H4. This Analysis Based On Price Action Theory.
According to The Analysis, We Can See That the Market has a Buy trend on monthly Time Frame But H4 Time Frame We can see the symmetrical triangle 🔼 pattern. Behalf On That We have some key 🔑 points for Buyers & Sellers,
If the Market Break triangle 🔼 Up then Target (resistance) @1.58269 & @1.59630
But Market Break Triangle 🔼 Down Trend Then the Target (support) @1.54276 & @1.52032
I Request to All Before The Trade You Also Match You're Analysis With As If You're Set up Match Then You Can Trade.
Thanks
Regard
Enclavefx technical group
