EURCAD (LONG)The pair is currently forming a cup shape .. and recently price action is forming a build up (awaiting for breakout ; you can see the formation much more clearer on the lower time frame) . Currently im waiting for the pair to breakout the resistance area before i enter my long. To know exactly when i place my long order , please follow me to get the latest update on the exact entry / if there is any change of trade.
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Eurcadlong
EURCAD H1 LONG PRICE ACTION FORECAST Price action had a bearish H&S pattern previously. However, it manages to break the previous high form the left shoulder, signaling a change on the trend. Now heading towards the broken supply zone, a buy position at the ascending trendline is placed.
The order:
Type: sell-limit
S/L: 50 pips - R:R | 1:2.5 -
T/P: previous high
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EURO-CANADIAN STRUCTURE LONG|TRADING PLAN
EUR/CAD is trading above the confluence of support lines both horizontal and diagonal.
The overall sentiment is bullish, or at least a pullback from the support levels is expected.
Thus out target trade is long.
TRADING PLAN:
Long at the entry point-on the chart
SL below the support area
TP on the chart.
T1 and T2 both are below the diagonal resistance line, so both are more than feasible. T3-trailing stop effectively.
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Golden Zone -- EURCAD Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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EUR/CAD LONG SET UP & SIGNALTITLE/(DATE)- EUR/CAD
ASSET- FOREX
PLATFORM-MT4
ORDER TYPE- BUY LIMIT
Time Frame-4hr
ENTRY PRICE 1- 1.57080 (pending)
ENTRY 2- 1.56880 (pending)
STOP LOSS- 1.56680(40 PIPs)
TAKE PROFIT 1- 1.57580 (50 PIPS)
TAKE PROFIT 2- 1.58080 (100 PIPS)
TAKE PROFIT 3- 1.58580 (150 PIPS)
TAKE PROFIT 4- 1.59080(200 PIPS)
TAKE PROFIT 5- 1.59580(250 PIPS)
STATUS: ACTIVE
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Long Position on EURCAD 4HHello Traders!
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🚀BUY Execution according to the market.
-------------------------👇🏻👇🏻Look the running swing trades below👇🏻👇🏻
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EURCAD and Buy Area (28/7/2020)Please fill the lines..!
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Decide your target, manage your risk..!
Turn off your PC..! Let your choice running..!
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
EURCAD H1 LONG PRICE ACTION FORECAST -UPDATE-Price action managed to find support and avoid the bearishness previously forecasted, currently supported by a confluence zone where descending trend line and support met.
If the current zone manages to avoid a breakout, it will give a bullish bias to the pair with a beautiful R:R ratio as the price could reach new high at the next resistance level, a long entry is set to capture the upward movement to come.
The order:
Type: sell-stop
S/L: 24 pips - R:R | 1:4.5 -
T/P: next resistance level
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*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Long Position on EUR/CAD 4HHello Traders!
-------------------------------------------------------------
🚀BUY Execution according to the market.
-------------------------👇🏻👇🏻Look the running swing trades below👇🏻👇🏻
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EURCAD H1 LONG PRICE ACTION FORECASTAfter breaking through a higher timeframe resistance level, the price shows some diminished bullish momentum, a pullback toward the resistance from the flag formation could be an exceptional level for the correction. If price reached that level, we could expect a bullish continuation to previous swing high levels.
The order:
Type: buy-limit
S/L: 45 pips - R:R | 1:2.3 -
T/P: aiming towards previous swing high level
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*** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
EUR/CAD Long setup.Hey, I am back with another Forex idea, this time looking at EUR/CAD.
EUR/CAD is a strong bullish pair that has currently broken out of resistance area, the strategy is to buy the resistance area which now acts as support.
Entry 1.53900 - 1.54130
TP 1.55300 - 1.55490
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Long Position on EUR/CAD 4HHello Traders!
-------------------------------------------------------------
🚀BUY Execution according to the market.
-------------------------👇🏻👇🏻Look the running swing trades below👇🏻👇🏻
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