💡Don't miss the great buy opportunity in EURCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4768).
. 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 48.
Take Profits:
TP1= @ 1.4788
TP2= @ 1.4823
TP3= @ 1.4862
TP4= @ 1.4913
TP5= @ 1.4949
SL= Break below S2
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Eurcadlong
💡Don't miss the great buy opportunity in EURCADTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4768).
. 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 48.
Take Profits:
TP1= @ 1.4788
TP2= @ 1.4823
TP3= @ 1.4862
TP4= @ 1.4913
TP5= @ 1.4949
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 testing 1st support, potential bounce!Price is testing 1st support, in line with 50%, 61.8% Fibonacci retracement, 50% Fibonacci extension and horizontal pullback support, where we could see a bounce and further upside towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance. Stochastics is testing support where price bounced at before as well, showing potential bullish pressure.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCAD facing bullish pressure | 12th July 2021EURCAD is facing bullish pressure as Stochastics is bouncing from support where price has reacted off of before in the past. We could see a bounce at Buy Entry, in line with 50% Fibonacci retracement , 161.8% Fibonacci extension and horizontal pullback support, and further upside towards Take Profit, in line with 61.8% Fibonacci extension and horizontal swing high resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURCAD, 1hr tf, upwards movement potential
Same setup as previous trade. We're waiting for price to complete the wave-4 retracement.
We might see price found support around 1.5800-1.5810 area before continue moving upwards.
Buy EURCAD 1.5810
Stop loss 1.5760
Take profit 1.5960 (3R)
Use only 1-2% risk
Good luck
EURCAD, 4hr tf, new bullish cycle
As you can see price rally fiercely yesterday. This could be the start of new short term bullish cycle to the upside for EURCAD.
We're going to start buying EURCAD on every dip.
For starters, we're aiming for this wave cycle. Wait for price to retrace toward 1.5700 area before initianing buy.
Buy EURCAD 1.5700
Stop loss 1.5670
Take profit 1.5810 (3.6R)
Use only 1-2% risk
Good luck
EURCAD long valid 📈👍We had a sell close at TP target on Friday now the script has presented a long.
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.
EURCAD approaching Buy Entry | 30th June 2021EURCAD is approaching Buy Entry, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap support, and moving average support. We could see a bounce and further rise towards Take Profit level, in line with 127.2% Fibonacci extension and horizontal swing high resistance. Price is also holding above moving average, showing signs of bullish pressure.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
22 June: EURCAD seeing a bounce hereHi everyone!
Seeing an opportunity to play the bounce here on EURCAD with prices pulling back to the ascending trend line and 78.6% fibonacci retracement, where our entry is placed. Our stop loss is placed below the trend line and recent low and take profit levels are based off the -27.2% and -61.8% retracement. What are your thoughts on EURCAD?
10 June: EURCAD buy opportunity hereHello everyone!
We have a long term bullish bias on EURCAD, on the H4, prices are pulling back to the ascending trend line, in line with the 61.8% fibonacci retracement and we can see a bounce from here. For stop losses, this is placed according to the previous low that was respected by prices and our take profit targets are based off the highs and the second take profit target lines up with the -27% retracement.
15 June: EURCAD could see a bounce hereHi everyone!
EURCAD is facing bullish pressure from our ascending trend line and could see a further upside here. Our entry is in line with the 78.6% retracement with stop loss placed slightly below the previous low. Take profit targets are at -27.2% retracement and -61.8% retracement respectively. What are your thoughts on EURCAD?
18 June: EURCAD time to buy Hi everyone!
EURCAD broke out of its descending trend line and right now we could see a pullback to test our entry. We placed our entry at the 61.8% fibonacci retracement, stop loss below the recent low. The take profit targets are based off the recent high and -27.2% retracement as the second target. What are your thoughts on EURCAD?
EURCAD long in progress☝️👍Our script has entered this EURCAD long over night.
This working the 30M time frame with a RR ratio of 1:3
Entry details are shown on the chart.
We're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
------------------------------------------
I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
------------------------------------------
Please hit the 👍 LIKE button if you like my ideas🙏
Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌
No one likes missing out, do they?
Also, see my 'related ideas' below to see more just like this.
The stats for this pair are shown below too.
Thank you.
Darren.