Eurcadforcast
EURCAD H1 SHORT PRICE ACTION FORECASTIn the realm of H1, price action was able to manage the breakout of the rising trendline. Generally speaking, the pair has been trading sideways, forming a channel in H4 but under a clear bearish momentum in D1.
A sell-limit entry can be placed. In case the pullback can trigger it before continuing its downtrend momentum. The following setup has enough room for a:
S/L: 27 pips - R:R | 1:3 - T/P aiming to support the black dashed line's level.
EURCAD short-sell daily EURCAD short-sell daily timeframe overbought rsi, bb and demarker in weekly
1.52 price respected resistance 2017 yearly and 1.42 support support 2017 yearly
1.40 price possible for take-profit until next week economic calendar euro weak release and cad strong release
Moving averages, macd, macz-vwap and rsi ema crossing for short
Strength momentum indicator strong cad m5-d1 weak for eur m5-m15 chance until hourly
Alot of economic calendar release & news would be released next week expect for volatility
Pattern stage 3 profit taking for EURCAD stage 1&2 already complete
#EURCAD LONG SETUP.. In the 4-hour chart of #EURCAD, we see that the price broke out the wedge pattern.. It is likely that the price may retest the break-out line.. There can be a long setup opportunity for #EURCAD.. I expect a price action as I mentioned on the chart.. We will wait and see..
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SHORT trade brewing on EURCADEURCAD has pushed relentlessly north for the last 15 hours and we have overbought conditions on several time frames. WR1 is now in striking distance. This will be an irresistible target for EUR BULLS and its likely the BEARS will stand aside ready to pounce when the price hits WR1. This is a nice setup as SELLERS will avoid the market until this level is reached and WR1 will be crowded with SELL LIMIT orders (including my own).
Get a SELL LIMIT order at 1.5433 with a 25 pip STOP LOSS. Target will be adjustable depending on market action but 1.5270 area look a good place where the buyers may come in.
EURCAD technically forecast on next moves
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💡 EURCAD technicaly based idea, we can see good bulish candels foramtion, technicaly indicators showing we can expect higher bulish market, expecting to see push up in price till top trend line. On top trend line will be good chance to catch new trend revers will update with time.
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