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Eurcadlong

EURCAD (H4): LONG Idea Breaking the DESCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! TECHNICAL ANALYSIS: In this H4 chart we got a really interesting situation, in fact the price is clearly following a descending channel and it's just reached an important resistance zone. In a Daily perspective, instead, the price is moving following an ascending channel and price's just reached the channel's dynamic support, giving us the first sign of rejection. CONCLUSION: I think the price will move up following the daily trend because the two S/R dynamic line of that channel are perfectly rejecting the price. In my opinion this is not the best moment to open a long position, but I'd wait the break out of the dynamic resistance line and I'll look for a long trade on the pullback, it will definitely confirm the beginning of the new uptrend and you could trade with less dubts! Stay tuned for updates and trade details! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly Gianni
Long
by FXtrades-gp
7
EURCAD (Daily): LONG OPPORTUNITY Following the ASCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIK E👍 and don't forget to SUBSCRIBE my channel, you won't miss anything! TECHNICAL ANALYSIS: Since the end of July the price has been following a descending channel lasted until the beginning of November, the price then bounced on the main weekly trendline support and started now a new great uptrend. The price's just reached a daily support area and the channel's dynamic support, the price action around this area will be helpful to understand and confirm the next uptrend! CONCLUSION: The new ascending channel seems to be confirmed and it's perfectly working, rejecting the price in the right moment. Once I'll get a clear confirmation about a new uptrend, I'll definitely plan a long position! Stay tuned for updates! What's your opinion? Share your idea writing a comment! Trade Safe and Responsibly Gianni
Long
by FXtrades-gp
9
EURCAD, 4hr tf, second chance to buy if you missed itHello my friends, Previously i shared about a buy position for EURCAD on Sunday. It was working out great and i managed to book some profit from it before it retrace down again. Right now price once again retracing and i am gonna buy it again. For those who missed it, this might be your second chance to buy it. In my opinion we could see EURCAD breakout of this channel. Our target this time will be the 1.618 fibonacci expansion which is our wave-3 target. Buy limit EURCAD 1.5610 Stop loss 1.5560 Take profit 1.5770 (3.2R) RR Ratio 1 : 3.2 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
EURCAD to see some upside For more than a week, EURCAD has been moving in a descending channel and respecting the trendiness very well. EC had broken some very significant resistance around 1.55336 and 1.55432 on December 17th that it looks like it is revisiting as this market steadily moves to the downside. On the daily, EURCAD has been moving in an ascending channel and is about to reach one of the trend lines. As it approaches this part of the daily ascending channel, the bottom of the descending channel, and a zone that was previously resistance and now may be respected as new support, I believe there will be great buying pressure here and the market will be pushed up. Signs of the Canadian dollar weakening should also push this pair up as the Euro will get stronger against the Canadian dollar. I'll be looking to go long around 1.55432 and will target right before the previous high.
Long
by StealPipsSal
EURCAD - SWING - 05. JANU. 2021Welcome to our weekly trade setup ( EURCAD )! - 1 HOUR Very bullish market structure and closure above main sr level. 4 HOUR Overall good long entries, price action very bullish. DAILY Looks like a turnaround! - FOREX SWING BUY EURCAD ENTRY LEVEL @ 1.56350 SL @ 1.55760 TP @ 1.57180 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
29
EURCAD, 4hr tf, buy end of wave-iv at EMA-200Hello everyone, We're going to start the first week of 2021 soon. I am going to share all my plan for this first week to you all and hopefully it will be useful to all fellow traders here. My first trading plan is EURCAD pairs. As you can see price currently in an ABC correction inside a downward chanel. There is an area of confluence support at 1.5570-80 level which will attract buyers in my opinion. EMA-200 as a strong dynamic support + 61.8% fibonacci retracement + horizontal support level + downward channel support. It will be no wonder if price shoot up from this area after touching it for a brief moment. I am preparing 2 trading plan for EURCAD which has the same entry and SL but different take profits. For conservative traders, you could take profit at the top of downward channel. Aggresive traders could set take profit slightly below our next horizontal resistance at 1.5820. BUY EURCAD 1.5570/80 Stop loss 1.5530 Take profit 1 at 1.5710 (3.5R) Take profit 2 at 1.5820 (6.25R) Use only 1-2% risk Good luck
Long
by HayatoDragonFX
2
EURCAD - SWING - 28. DECE. 2020Welcome to our weekly trade setup ( EURCAD )! - 1 HOUR Very bullish market open. 4 HOUR Expecting more upside in this pair after a small pullback. DAILY Price turned back towards main sr level, good long entries! - FOREX SWING BUY EURCAD ENTRY LEVEL @ 1.56760 SL @ 1.56180 TP @ 1.57650 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
14
EURCAD is facing bullish pressure, potential for a further rise!Price is facing bullish pressure from our first support at 1.54953, which is in line with our 100% Fibonacci extension and horizontal swing low support. It could potentially bounce from first support and rise further to our first resistance at 1.55366, in line with our 61.8% Fibonacci extension and horizontal swing high resistance. It is also worth noting that the Ichimoku cloud is also showing bullish pressure in line with our analysis, and the Stochastic indicator has also just bounced from the ascending trendline as well. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
EURCAD, 2hr tf, inverted HnS pattern to materializedHello my friends, For today i saw an inverted HnS pattern on EURCAD pair. This pattern occurs on 2hr tf so it might be a bit small in range but worth to try. We will keep it simple with only price action, you can see price broken above the neckline with a solid candle close above. The candle looks like a bullish pinbar so i think this is a confirmation candle as well. Buy EURCAD 1.5490 Stop loss 1.5450 Take profit 1.5570 (2R) RR Ratio 1 : 2 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
$EURCAD Long off 200MA (Daily)$EURCAD Entry: 1.54675 TP: 1.55050 (37.5 pips) SL: 1.54325 (35 pips) Daily timeframe. Entered this trade at the end of the day on Friday (12/11). This is basically a scalp as far as I'm concerned and hoping the take-profit level will be hit Monday or Tuesday. The risk to reward ratio is not ideal, but I'm liking a few things with this trade. Shooting star close to the day on Friday, preceded by a long wick below the 200 MA. Looking for a rebound here to at least the 30EMA and the bottom of the Ichimoku cloud. Stop loss level was set a comfortable distance below 200MA and LOD on Friday. I have a feeling that there's room for a move upward to 1.559, but I don't want to commit myself to that until a daily close above 1.55240. Risking 2% of my account, as always. -Zedro
Long
by Zedro