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Eurcadlong

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
Long
by Thewest-sidetrader
1
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.
Long
by WillSebastian
EURCAD might rise and here is whyPrice was in a strong bullish momentum in January and beginning of February 2022. Price got rejected at the December 2021 high and began to consolidate in a bullish flag formation. Just at the start of this week we saw price breaking out of the flag pattern. I expect price to rise with the possibility of reaching 1.461. Traders, if you enjoy this idea please do show your support by hitting that like button. If you have different opinion, feel free to share it in the comment section below.
Long
by Forexintelligence_NA
EURCAD wait for Flag pattern to complete Hi Traders, EURCAD has a massive rise within the the last few weeks which price is now consolidating within a Bullish Flag pattern/channel. Wait for a proper entry before going long or you'll get trapped in this correction. Personally I need to see a strong Impulse breakout of this structure followed by a LTF correction to validate a buy opportunity. Share a comment below and let me know your view on this pair! Support me by clicking the like button if this has helped you! Trade Safe!
Long
by ktlfx
EURCAD | Perspective for the new week | Follow-up detailsSince my last publication on this pair, the price moved over 350pips in our direction before the retracement began ( see link below for reference purposes). And I expect the retracement to culminate at a level between 50 and 78.6% before the rally continues hence my previous bias still holds (see link below for reference purposes). Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom) Observation: i. Following the bearish run that lasted 5 months, the CAD recorded a 6.20% growth against the Euro and it appears the Euro is gaining traction following the strong impulse leg that began on the 27th of January 2022. ii. Double Bottom: The appearance of this reversal pattern at this juncture (C$1.41) in the market revealed a change in trend and a momentum reversal from prior leading price action as selling momentum continued to reduce. iii. So, I am looking forward to the retracement to test the neckline which is also the key level or within C$1.425 & 1.435 to hop into the potential rally in the coming week(s). iv. Please note that the above key level remains a comfortable area to buy the euro with an opportunity to add to the existing position at breakout/retest of C$1.462... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 400 pips. Risk/Reward : 1:4 Potential Duration: 5 to 12 days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks 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