Get started

Eurcadforecast

EURCAD to see some upside For more than a week, EURCAD has been moving in a descending channel and respecting the trendiness very well. EC had broken some very significant resistance around 1.55336 and 1.55432 on December 17th that it looks like it is revisiting as this market steadily moves to the downside. On the daily, EURCAD has been moving in an ascending channel and is about to reach one of the trend lines. As it approaches this part of the daily ascending channel, the bottom of the descending channel, and a zone that was previously resistance and now may be respected as new support, I believe there will be great buying pressure here and the market will be pushed up. Signs of the Canadian dollar weakening should also push this pair up as the Euro will get stronger against the Canadian dollar. I'll be looking to go long around 1.55432 and will target right before the previous high.
Long
by StealPipsSal
EUR/CAD SELL SIGNAL Hey tradomaniacs, welcome to a new free trading-setup. EUR/CAD: Daytrade-Execution Note: keep your risk low in this market. pretty slow and in waiting mode! Sell-Stop: 1,55450 Stop-Loss: 1,55920 Target 1: 1,55045 Target 2: 1,54740 Target 3: 1,54295 Stop-Loss: 46 pips Risk: 0,5% - 1% Risk-Reward: 2,54 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
EURCAD LONG PRICE ACTION FORECAST -UPDATE-The price could not reach the forecasted TP from the previous short position, unable to break the demand zone, the price has gained some force from buyers changing the previous downward bias. Long entry was filled after the EMA's golden cross and heading towards the TP level around the descending trendline. The order: Type: buy-stop S/L: 21 pips - R:R | 1:3 - T/P: confluence zone -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
1
EURCAD SHORT PRICE ACTION FORECAST Price remains trading within a descending channel. Strong bearish bias continuation allows the setup os a short position to capture the downward movement. Expecting the downtrend continuation after rejection from the EMA allows a sell stop entry to be placed. The order: Type: sell-stop S/L: 44 pips - R:R | 1:3.4 - T/P: previous resistance level -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURCAD LONG PRICE ACTION FORECAST Tre price action has been trading within a channel. Without breaking through the demand area, we could expect a temporary upward movement towards the channel's resistance level. Long entry buy-limit type, getting filled after confirmation of a retest of the confluence zone. The order: Type: buy-limit S/L: 34 pips - R:R | 1:2 - T/P: Fib exte level -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
7
EURCAD H4 SHORT PRICE ACTION FORECAST Another Euro pair under the bears' control, but in this case, more structural with the price structure, getting rejected by FIB levels and bouncing from the 50EMA in a clear downtrend. Expecting that the price create the new downward impulse it will fill a short entry with the following elements The order: Type: sell-stop S/L: 75 pips - R:R | 1:3 - T/P: support level -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURCAD H4 SHORT PRICE ACTION FORECAST With the Euro under sellers pressure, currently under a correction, we could expect the pullback towards the Fib golden level for further bearish continuation. The current price structure allows the setup of entry at the confluence level, where the Fib level encounters the descending trendline. The order: Type: sell-limit S/L: 100 pips - R:R | 1:3 - T/P: support level -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURAUD H1 SHORT PRICE ACTION FORECAST Price was able to manage the breakout of the ascending trendline, with the EUR showing seller bias across the board and the AUD buyers' preference. We can be in the presence of the re-test of the broken trendline for a downtrend continuation towards the support area of the channel pattern; this allows the setup of a short position. The order: Type: sell-stop S/L: 20 pips - R:R | 1:3 - T/P: support level -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EUR/CAD and a nice BUY-OPPORTUNITYHey tradomaniacs, looking at EUR/CAD we can clearly see a great chance to buy as the market recently brfoke out of its correction and is now close to the lower trendline of the trandchannel. Current rejection shows bullish interests and could boost the price soon. Keep in mind that market can be shaky due to ECB and FED Monetary Policy Meetings this week. Also look at correlations with OIL and CAD before you consider to buy. ;-) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
1
EURCAD H1 SHORT PRICE ACTION FORECAST After the false breakout from the resistance level and retest of the descending trendline, price action is under a clear bearish momentum, getting back into the channel pattern. Expecting that the price heads towards the support level from the channel allow the setup of a short position with the following features. The order: Type: sell-limit S/L: 25 pips - R:R | 1:2.5 - T/P: support level -- *** If you like the idea, don't be shy, click on like and comment. If you disagree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURCAD H1 LONG PRICE ACTION FORECAST Price action had a bearish H&S pattern previously. However, it manages to break the previous high form the left shoulder, signaling a change on the trend. Now heading towards the broken supply zone, a buy position at the ascending trendline is placed. The order: Type: sell-limit S/L: 50 pips - R:R | 1:2.5 - T/P: previous high -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
EURCAD H4 SHORT PRICE ACTION FORECAST This pair is forming an unbeatable H&S pattern for bearish confirmation. Reaching and getting a rejection from resistance at D1, creating a double top from the weekly domain give enough evidence to the downward movement to be experienced in this pair. Further confirmation before a short order is required, such as break and re-test of the supply zone (pattern neck) The order: Type: sell-limit S/L: 90 pips - R:R | 1:3 - T/P: demand zone -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURCAD H4 SHORT PRICE ACTION FORECASTIn the weekly domain, the price has recently reached a physiological resistance level. Recording a strong rejection from buyers that weren't able to push the price to a new high. That rejection has formed a double top pattern signaling a strong bearish momentum towards the pair. Now checking into H4, a short entry confirmation is expected as a pullback from the previous strong bearish candle and the support from price consolidation. The order: Type: sell-stop S/L: 80 pips - R:R | 1:2 - T/P: Fib level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
EURCAD H1 LONG PRICE ACTION FORECAST -UPDATE-Price action managed to find support and avoid the bearishness previously forecasted, currently supported by a confluence zone where descending trend line and support met. If the current zone manages to avoid a breakout, it will give a bullish bias to the pair with a beautiful R:R ratio as the price could reach new high at the next resistance level, a long entry is set to capture the upward movement to come. The order: Type: sell-stop S/L: 24 pips - R:R | 1:4.5 - T/P: next resistance level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
EURCAD H1 LONG PRICE ACTION FORECASTAfter breaking through a higher timeframe resistance level, the price shows some diminished bullish momentum, a pullback toward the resistance from the flag formation could be an exceptional level for the correction. If price reached that level, we could expect a bullish continuation to previous swing high levels. The order: Type: buy-limit S/L: 45 pips - R:R | 1:2.3 - T/P: aiming towards previous swing high level -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long
by OGFXTRADER
EURCAD | WEEKLY PERSPECTIVESince the Euro dropped from above 1.53500 level in late June 2020, it finally pushed above this Key level this last week coming from a Double Bottom and bringing prospective opportunities to the table for Buyers in the following week(s). Tendency: Uptrend ( Bullish ) Structure: Double Bottom | Breakout | Trendline Observation: i. Breakout from the neckline of Double Bottom structure is a promising sign that we might be on the Bull ride again. ii. Before getting too excited about the prospect, its worthy to note Key level II which might either be a barrier to form a Channel or a Breakout level in the future. Trading plan: BUY confirmation with a minimum potential profit of 230 pips. Risk/Reward: 1:3 Potential Duration: 1 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry