EURCAD Breakout Long !!EUR-CAD is breaking the falling resistance
After retesting the horizontal support AT 1.38800
Will retest the broken line now
From where I expect husband
To go up to retest the main level above AT 1.42107
Eurcadlong
EURCAD | BREAKOUT AHEADEURCAD has produced a breakout from the falling trendline and is trading above it. Recently price action is consolidating in a box as highlighted on the chart. We are still bullish in this pair with two strategies;
A buy on dip till falling trendline
Or
Breakout above the resistance zone will be safe enough for long positions.
Trade your levels accordingly.
LONG ON EUR/CADPicture Perfect Setup on the daily time frame,
- Price turning upwards from major support/demand zone
- Price oversold on RSI
- Golden cross forming on MACD
- Divergence on RSI
here is the play I will be taking on this pair:
Buy
P = 1.38865
SL = 1.34693 - 417 pips
TP = 1.45492 - 663 pips
EURCAD LONGHELLLOOOOO PIPPIN PEEPS!! While I wait for JPY pairs to fall....there's this possibility with EURCAD trade. Trade with care. Risk small. HAPPY TRADING
Going Long - EURCADWe are going Long on EURCAD, looking at taking advantage of a possible uptick in the pair. We are adding here for you the TP and SL levels as usual :
SL: 1.36000
TP: 1.38000
Always keep an eye on your risk parameters and adjust the trade accordingly to the market move.
EURCAD: A road to 1.58CAD has been strong for quite some time now, especially after what happened between Russia (who is one of the top oil producers) and Ukraine! Currently, EURCAD is approaching a strong support level, a level that has been respected since 2015! Bouncing from this support level will mean ranging structure still holds and in the long run 1.58 might be a target!
EURCAD LONG IDEAHello Traders,
Hope you are having an amazing week.
Above is my analysis on EURCAD , overall perspective is very BULLISH
Expecting this level of supply to hold !
Always move stops to breakeven after +25 pip moves
Looking forward to see how this plays out.
Thank you for your support,
ETGL TEAM 💛
EURCAD | BUY ON SUPPORTEURCAD after being in a symmetrical triangle, gave a break below on 18th March.. Since then we see a decline in the price sharply.
The current price is approaching to the support zone which gave a good bounce of more than 400 pips when it lasted tested on 7th march.
Trade your levels accordingly.
EURCAD (LONG) 🔥🔥🔥Based on multi confluences and recurring price action. We expect the market to make that sharp move to the upside after tapping on the support area.
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck
EURCAD | BREAKING TRIANGLEEURCAD has broken the symmetrical traingle and currently trading below it. We are expecting bears will take this down to 1.37800 level, where it can find temporary supports there.
Any strength is the good shorting opportunity in it.
EURCAD LONG - Buy Entry - H4 ChartEURCAD LONG - Buy Entry - H4 Chart
Buy @ Market
Symbol: EURCAD
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Major Resistance @ 1.40673
Major Resistance @ 1.42670
EURCAD | BUY ON DIPEURCAD is trading in a bearish parallel channel and has taken a support from the bottom of the channel. Currently its price has reached to first resistance zone, which has now become the support zone. It is testing the support area and we are expecting bulls to take over from here again.
To negate this view, the bears must push the price below the support area and price should be trading below it.
Trade your levels accordingly.
EURCAD Daily UpdatePull from Daily Demand 1.39000. We are expecting that it will go to the Supply Level 1.43937. Then we can re-sell from the Daily Supply 1.43937 using Confirmation in Low TF, We expect for sell because this Supply Level 1.43937 removes the Demand Level 1.42100. so we can say that the Supply Level 1.43937. is Strong. We can Buy EURCAD in low TF till the Supply Level 1.43937 from a Valid Demand.
eur/cad long hereafter close analysis i have decided to be bullish on eur/cad for the time being up until news hits tomorrow morning, so please be aware around 9am est on the 10th
disclaimer-- information shared is for educational and demo purposes only
trading conatins risk, please master and practice proper risk management, that's what's going to help and get us all to that next level!!
EURCAD Weekly OutlookIn Weekly TF market is still expected to Bearish, We can sell long from Weekly Supply 1.44271 to Weekly Demand Level 1.32512 .The reason of bearish in market is that market break the Demands Level 1.43633 and the Demand level is retested and this Demand level 1.39067 is Weak, so we will use confirmation to buy from this current Demand 1.39067 to Weekly Supply level 1.44271. Than we can expect to sell from Weekly Supply
eur/cad longEUR / CAD bounced from monthly demand. It also shows an RSI oversold condition, which is why this plan has been developed
buy EURCAD as in Daily chart, we find Mom indicator is in OverBought. so, we take buy order from 1.3772.
also, MFI indicator give us buy signal.
have a good trade.
EURCAD Will Go Up!EUR-CAD is trading in a falling channel
And the husband re-tests Channel support level and horizontal support at 1.392
I think it's followed by a bounce from existing areas
By the bullish correction is possible
So we will be waiting for the reversal signs
To be able to enter a long trade BUY
EURCAD BUY OPPORTUNITY!I think It is a very good buy opportunity with a very small risk.
TP 1: 1.40229
TP 2: 1.40507
TP 3: 1.40776
EURCAD | Possible ReversalEURCAD has been trading in bearish parallel channel with parallel support approaching. The indicators are also reached to base support zone. We are expecting bullish reversal from here. The confirmation will be a good bullish candle on the support zone.
Alternatively, breaking below the channel will bring more bears in the party.
Trade your levels accordingly.
EURCAD LONG For More Daily Detailed Analysis, Click the Follow Button.
The EURCAD has seen a harsh fall south on current Market Sentiment. With the BOC meeting Today we may see a change in impetus..
As we approach KEY market memory zones we can start to look long for a longer term move. This comes at areas where buyers are moving into the market and gives us our BIAS at oversold STOCHS.
Use eclipse symbols and arrows for Price entries/exits. NOTE this Trade is Longer Term hence the 1M TF.
EURCAD LONGH4 CHART
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