Beautiful setup for EURCAD buyBounced off of a support that previously resistence, boke a bearish channel and now a double bottom is being formed. Keeping it simple.
P.S. : i'm not a financial advisor
Eurcadlong
$EURCAD - Cup and Handle on a daily chartHello guys!
Cup and handle pattern is on the watch on a daily chart of the EURCAD pair.
Wait for a breakout of the previous high (March 19) at 1.599 or go long from here placing a SL below the first red line, up to you.
The idea of going short on EURCADThis pair has hit a point of reversal and making its way back up. Entry signal is when price has bounce off 2 trendlines.
Profit target set is @ 38.2% & 50% respectively.
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$EURCAD Clear Cup and HandleThere’s an almost textbook C&H here, to take the pair up 367 points from the current 1.533 to 1.6. Of course with the stop below the second cup, it’s only a 1.43:1 trade
EURCAD - Idea UpdatePlease view my related idea below to gain more insight to my thoughts on this pair. I would now say I am highly interested in a long position, I will be waiting for a significant pullback to get an ideal RRR trade.
EURCADEn este par a pesar de que no a roto la micro-tendencia bajista, se encuentra haciendo altos mas altos y se acaba de crear un pequeño canal alcista, asi que se podrian presentar dos escenarios ya que el precio a fallado en el intento de seguir subiendo, podríamos estar viendo un pequeño impulso bajista que respete el extremo inferior de ese canal o vuelva a tocar esa zona que tengo marcada y haga un gatillo para continuar al alza.
EURCAD - Potential LongI am still not 100% sure if this pair has shown signs of a fake breakout, we will need to monitor the price on Monday and wait and see whether or not price wants to continue ot respect the ascending trend line or trade outside it again. Definitely one to keep on your watchlist, lots of potential for an upside move here.
COT Data - 72% Short
EURO_CANADIAN STRUCTURE ANALYSIS|
EUR_CAD has bounced from resistance confluence.
(1) IT is now moving along the small diagonal support.
(2) If reached again, I expect a bounce up.
(3) Possible channel resistance breakout. Then>>>
(4) Next test of the diagonal resistance+ new higher high for new channel.
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EURCAD, 4hr tf, buy on Ichimoku confimationHello guys,
My trade setup for today is EURCAD pair, it is very possible this pair could continue going up as there is already all the confirmation needed to go upwards.
1st confirmation is price above the kumo cloud
2nd confirmation is kumo has changed from red to green
3rd confirmation is parabolic SAR switched to below the price indicating buy pressure
Buy limit EURCAD 1.5595
Stop loss 1.5525
Take profit 1 @1.5665
Take profit 2 @1.5735
RR ratio is 1 : 2
Use only 1-2% risk
Good luck
EurCad at channels resistance. What's next?I followed this pair closely in the past 2 weeks with a clear idea, the drop from 1.6 is corrective in nature and EurCad should resume its bull run.
Now the pair is trading close to downward channel resistance and I expect a break soon.
Dips around 1.55 should be bought and as the first target 1.57 should suffice for now.
EURCAD Monetary Policy meetingAs I published early this week, tomorrow will be the Bank of Canada's meeting, the market doesn't wait a particular change, so the reaction of the pair EURCAD, will be affect by the stimulus and economy outlook.
EURCAD LONG PRICE ACTION FORECAST -UPDATE-The price could not reach the forecasted TP from the previous short position, unable to break the demand zone, the price has gained some force from buyers changing the previous downward bias.
Long entry was filled after the EMA's golden cross and heading towards the TP level around the descending trendline.
The order:
Type: buy-stop
S/L: 21 pips - R:R | 1:3 -
T/P: confluence zone
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A small trade on EURCAD The 1,545 level had became in a support, so we should wait to retest that zone again to enter into the trade in the renounce to 1,555.
EurCad- towards 1.57?Yesterday, EurCad respected 1.5430-15450 support zone and turned violently from this point.
A small correction could follow from this point and this can give buyers the opportunity to open a long trade at a better price.
That being said, buy dips is my preferred scenario for this pair with a target at 1.57 resistance
EURCAD Long Trade Idea.Hello Guys! So this is my EURCAD entry for today with 1:3 RRR.
Its totally up to you to take the trade or not its just for education purpose, I am already in the trade and running profit with zero draw down.
The Bearish lose its momentum so i locked in a long position for a quick profit.
Thank You
