EURCAD TRADE IDEAEURCAD - Bit of a triple top before rejecting the resistance with a big bearish candle. Should see a further push to the downside, and then potentially break the trendline.
Eurcadidea
EURCAD / BEAR / BIG DROPEURCAD has been ranging for a while, it is now at the top of the range on the 1H chart and there is an area of support just below it, I am waiting for price to break and then selling to the next level of support
I expect price to pull back before the trend continues, if the trend continues we can hold the position or enter another sell
EURCAD long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
Euro/Canadian: EURCAD: ForecastHi,
I have analysed the EURCAD, current price came from the Triple Top, as it was on implusive phase, now the price is in large corretion, inside the large correction there is sell pattern with two touch already been played out, now i am waiting for the third touch on the trendline then wait for SELL confirmations like Engulfing candle, evening star and candle rejection
This is the H4 TFM
this is just my opinion.
Kind regards
EURCAD - SELLThis pair is incredibly volatile but I can see a change in trend occurring
I believe once support is broken it will head for its next level of support which is highlighted below
EURCAD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURCAD short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
POTENTIAL LONG OPPORTUNITY ON EURCADPrice is currently at a point of support where we may see price push bullish to meet our target level. Divergence is evident. Do not risk more than 2% of your equity
EURCAD at a key level of supportLooking at the weekly timeframe we see after pushing to the upside and closing back above 1.5060, EURCAD has been holding at this zone for weeks.
Last week EURCAD had a strong bullish rally back up to 1.538 before falling back down to 1.5060. If structure can hold at this zone we can look for price to push back to the upside, retesting the 1.5532 zone.
If you have any questions please feel free to comment below.
EURCAD 4HFX:EURCAD a perfect pin bar formed (4H) on the monthly resistance for possible upswing of the pair. KINDLY LIKE MY WORK AND COMMENT
Will It Pick Up? The Canadian Dollar thought it was best to play hero,will the Loonie conquer the 1.51775 level?
Stay tuned,The market shall tell the tale.
EURCAD CRAB and Triangle pattern. Possible upmoveIt is observed EURCAD as formed triangle pattern on daily chart and crab on 4hr chart. I see a possible up move.
EURCAD H4Depending on your risk profile, may want to wait for more evidence of a solid run up, then enter.
EUR/CAD, monitor price action for a potencial LongIf we got breakout of the trendline, we would long the pair. There is a great chance, that price will behave the way we expect.
EURCAD Buy now at R/R of 3.34an oppurtunity to buy Eurcad at low risk with high reward
Do not forget risk maangement and do proper position sizing before pulling the trigger.
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eurcad buy to CONTINUE Eurcad as completed the correction pattern, the bullish trend resumes.
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