EURCAD TO CONTINUE PUSHING?As we have clearly seen, the Canadian dollar has grown weak for quite some time.
This has caused XXXCAD pairs to grow in price.
We just saw a sharp bust through this level with price immediately returning to it.
We do not know if it is a fakeout, so we'll wait for price to comfortably leave the area and return to it before we take on long trades.
Eurcadlong
Wait for Break Key level and buy signal with EURCADH4 time frame.
Structure: Uptrend.
Divergence at support 1.48000.
Wait for break out key level 1.49000 and confirm signal to buy.
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Wish you all have a good trading day!
#EURCAD for nearby 4HR support area to potential to Buy!#EURCAD Price is trading nearby the 4HR Support Area zone waiting for any bullish candlestick formation and watch breakout the trend line its will move to the next level resistance area
Why we like it:
Price Trading nearby in 4HR support area
watch the trend line breakout
moving to the next resistance area
waiting for candlestick confirmation
1st support:
1.47514
Next Zone area & horizontal swing Low support
2nd support:
1.46883
Next Zone area & horizontal swing Low support
1st Resistance
1.48233
Zone area & horizontal swing high resistance
2nd Resistance
1.48514
Zone area & horizontal swing high resistance
EURCAD LONG POSITION INCOMING!! Hi Guys, todays outlook is on EURCAD and we here at Safe Trade Academy are looking for long positions on this trade as we have the following confluences:
*daily break of structure and break and retest of consolidation
*h4 we are uptrending so just trading with the trend, also had an impulse followed by a coil and the institutional candle has also not being retested
*fib levels confirm our entrys and targets
*our eurgbp bias supports the long position
EURCAD SHORT-TERM BUYHey, if you like this idea be sure to support with a like and a follow.
Here is my analysis for EURCAD for the upcoming week, wait for price to pullback to retest SUPPORT and take a long up to the next resistance area where we can expect a sell.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
EURCAD LONG AT THE NEXT HALF YEAR.I think FX:EURCAD has a good long trend for the next 6-9 months.
We have now crossed the strong support line at 1.47320 and are consolidating at this level.
I indicated the points where you can fix the profit:
* TP1 = 1.52600 (November 2021)
* TP2 = 1.55840 (May 2022) << near border of flag
💡Don't miss the great buy opportunity in EURCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4817).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 1.4841
TP2= @ 1.4863
TP3= @ 1.4894
TP4= @ 1.4914
TP5= @ 1.4955
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in EURCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4817).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCAD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 1.4841
TP2= @ 1.4863
TP3= @ 1.4894
TP4= @ 1.4914
TP5= @ 1.4955
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURCAD: intraday LongHi Traders,
This is my view on this pair for the next few days
#EURCAD
BUY 1.4769
SL 1.474
TP 1.4877
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen