Eurcadlong
EURCAD: Buy settupHello, as we can see, from a daily perspective EURCAD is in an uptrend, where the price broke above the daily resistance level and then made a corrective move to retest 0.5% Fibonacci retracement around 1.48500, then make another impulsive move to the upside.
In 1h, the price was moving in a falling wedge pattern before it broke out of the wedge and closed above the daily resistance level.
My bias is bullish, so I wait for the price to retest the daily support around 1.14700 before it can take off to the 1.5100 regions.
EURCAD - Bullish Trend Formation According to my analysis using the Relative Strength Index (RSI) indicator, there is a divergence present at the moment.
A bullish trend would be confirmed once the first LH (Lower high) is broken and the first HL (Higher Low) and HH (Higher high) are formed.
As part of my personal trade plan, I intend to enter a long trade with a 1:1 risk/reward ratio.
However, it is essential that you conduct your own thorough research and risk management strategies before making any trading decisions.
EURCAD - Long from discount zone ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement and then to reject from bullish order block + institutional big figure 1.48000.
Fundamental analysis: Next week we have news on EUR, will be released Interest Rate which is expected to increase, followed by ECB Press Conference. Increased interest rate means strength in currency which could support our analysis.
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EURCAD SwingLooking for a long to monthly resistance @ 1.50500 on this pair if we can break weekly resistance at 1.49400.
EURCAD Potential swing long 1:8RRWeekly-Bullish
Daily- Bullish
4H - Bullish
Confluences
1. Break and retest of major key level
2. Break and retest of trendline
Take profit 1 - 1.47870
Take profit 2 - 1.49059
Long Position Opportunity on EURCADfundamentally,
we had today US Retail Sales Data that came out negative for the Dollar
on the technical side,
we had a great pull back on a key level
in the 15min:
-RSI divergence
in the 1h:
-hammer on a demand zone
in the 4h:
-strong trend
in the D :
-great correction on the 50% fib
EURCAD Retesting the Trend and the 50% Fib levelEURCAD rallying up continuing its up trend , we got a pretty good opportunity for a buy setup
-break of a trend line + retest
-correction to the 50% Fib level
-on a support zone
EURCAD- 4H Long Term Bullish idea-Bullish flag pattern breakout
-AB= CD pattern projection
- rising trendline with HH and HL
- the price has already retraced 0.618
- head and shoulder formation also confluences with TP1 and TP2. TP3 is an extended TP.
EURCAD- 4H Long Term Bullish idea-Bullish flag pattern breakout
-AB= CD pattern projection
- rising trendline with HH and HL
- price has already retraced 0.618
EURCAD BUY IN POIThis is for short term
And this is risky too.
Please DYOR before entering the trade.
EURCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: We are here in bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from bullish order block + institutional big figure 1.46000, as well 0.786 level of FIBO which is discount zone.
Fundamental analysis: On Thursday 30th of March we have news events on USD, will be released final GDP for first quarter of 2023. The forecast for GDP is to remain the same as per last quarter, which means we would not have such big moves in market, however we should look for the results in order to validate our analysis.
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EURCAD- 4H Long Term Bullish ideaThe price action is in a bullish direction with bullish momentum
- bullish flag pattern
- HH and HL trendine
- AB =CD Projection
EURCAD Trading Plan - 30/Mar/2023Hello Traders,
Hope you all are doing good!!
I expect EURCAD to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
I will wait for confirmation before entering !There is a great opportunity because the price returned from the demand area and there is change of character
EURCAD Long Opportunity - MARCH RECAPGOOD SETUP:
Entered on the 15m TF, price was above EMA zone, however 30m candle closed just below...will monitor P.A and BE zone - price reacted On and slightly Above only for 15m - strong bullish momentum candle - going for 2RR
EURCAD Possible LongEURCAD is making Higher highs, still being a little far from the next Major resistance, so I'm going to try to buy close to the Ascending Daily Trendline as shown by the arrows I drew, the Trendline coincides with the lower recent support so i believe that this support trendline is the perfect place for the Long. I'll update the idea if it gives us the entry we're looking for.
eurcadthis will be my next idea for eurcad it will respect these zone and gonna up if reach stop i will hold sell stop idea
ICI (Impulse correction Implulse)There is nothing more interesting that seeing an impulse and waiting for a retest in a trending market. Formation of weekly demand area (Bullish market), price breaking a resistance to the upside (impulse correction impulse, in a trending market sign of bullishness). All we can do is to wait, and see if there will be any signs of rejection on lower time frames on the support zone. If there is then it is a longing opportunity.
Make sure to make good use of risk management!!!!!!!!!
