EURCAD SELL Trade IdeaLooking For A Downward Continuation With EURCAD
First Possible TP: 1.5337 Area
Second Possible TP: 1.53274 Area
Third Possible TP: 1.53108 Area
Eurcadsell
EUR/CAD Technical Analysis
The counter has broken its near-term bullish trendline.
Then it formed a head and shoulder pattern and has broken down the neckline as well.
Hence, we expect the pair to be bearish in the near-term.
EURCAD Short - Clear support and resistance
- Historical resistance which price has consistently rejected
- 1:4 RR
EURCAD, daily tf, sell ascending trendline break Hello my friends,
Another trade to take today is EURCAD pairs.
I've been watching this pairs since the big bearish candle took out that ascending trend line during December 4th.
We could see this pair go lower again because the last 2 days candle has failed to closed back above the trendline.
This trend line pretty much become a resistance now and there is horizontal resistance as well at 1.5530 area.
Notice EMA10- and EMA-20 now become a resistance as well and located around 1.5520-30 area.
We could draw a conclusion that 1.5530-20 area is an area of confluence resistance and it will take a big power from buyers to take this resistance down.
Notice also the last 2 daily candles are bearish pinbar.
It means sellers are in control of this pair and don't want EURCAD to go higher for now.
Sell EURCAD 1.5525
Stop loss 1.5580
Take profit 1.5360 (3R)
RR ratio 1 : 3
Use only 1-2% risk
Good luck
Disclaimer : i hold EURCAD sell from 1.5525
EURCAD, 4hr tf, sell after wave-4 retracementHello my friends,
Another setup for the coming week is EURCAD pair.
As you can see, the recent movement of EURCAD could be analyze using Elliott Wave theory.
We could assume the recent movement to the downside as an impulsive wave-1 and wave-3.
After this impulsive wave-3 we could expect price to retrace.
Wave-4 usually retrace around 23.6%-50% fibonacci retracement.
Well, for the best trade setup we could try to set a pending sell limit order around 50% retracement because it will give us a favorable 3R setup.
Sell limit EURCAD 1.5570
Stop loss 1.5610
Take profit 1.5450 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
After price move according to our direction for 40-50 pips, please set SL to BE or take partial profit
Good luck
EURCAD, 4hr tf, sell channel breakout retestHello my friends,
Last setup for today is EURCAD pair.
As you can see there is a ascending channel which has been broken recently.
Price retest this channel twice and failed to close back above it so i could say it is now a valid resistance.
We could see price rotate lower from this point.
The last 4hr candle also looks like a bearish pinbar which is a good indicators that sellers are in control for now.
Sell EURCAD 1.5490
Stop loss 1.5520
Take profit 1.5430 (2R)
RR ratio 1 : 2
Use only 1-2% risk
Good luck
Don't forget to check my other ideas that i posted recently and give it a thumbs up.
SELL SELL SELLhello team, expecting the current h4 to close as a bearish candle from supply as well as the golden zone. profits shall be taken at the neckline
EurCad can drop to 1.53Since August, EurCad is trading in a down trend.
The recent leg up seems to be finished and also on a 4h TF we can see a H&S formation
A drop under neckline support could lead to acceleration and a test of previous recent low.
I'm looking to sell this pair
SELL SELL SELLHELLO TEAM. EURCAD has created a head and shoulders.
kindly follow me so you don't miss out on more setups
EURCAD could go lowerWe are monitoring EURCAD in the event we can perform a short position. Still waiting for confirmation.
EURCAD - SWING - 16. NOVE. 2020Welcome to our weekly trade setup ( EURCAD )!
-
1 HOUR
Very bearish price action and pressure.
4 HOUR
Closure below main sr level!
DAILY
Expecting prices to push lower now..
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FOREX SWING
SELL EURCAD
ENTRY LEVEL @ 1.54750
SL @ 1.55620
TP @ 1.53430
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
EURCAD M30 11 NOVwe have double top pattern
I am looking for selling opportunity, if the price breaks the neck line I am seller
EURCAD, 4hr tf, sell on broken trend line retestHello my friends,
There is another setup i just found which is EURCAD pairs.
Before i start, if you find this post useful, please give me a like and follow me for my next update.
Price currently moving inside a downward channel and price was rejected at upper line touch.
There is also horizontal support which has been broken and I am now preparing to sell this pair.
I am gonna sell on the retest of trend line so we could get a better RR ratio.
There is possibility the previous upwards movement was a bearish flag.
The measured objective of this bearish flag target is at 1.5320.
Sell EURCAD 1.5550
Stop loss 1.5600
Take profit 1 at 1.5430 (2.4R)
Take profit 2 at 1.5330 (4.4R)
Use only 1-2% risk
Good luck
EUR/CAD SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
EUR/CAD: Daytrade-Execution
Note: keep your risk low in this market. pretty slow and in waiting mode!
Sell-Stop: 1,55450
Stop-Loss: 1,55920
Target 1: 1,55045
Target 2: 1,54740
Target 3: 1,54295
Stop-Loss: 46 pips
Risk: 0,5% - 1%
Risk-Reward: 2,54
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
📢 EUR/CAD short opportunity setup 👌This pair looks like a great opportunity to go short. We have divergence, break of trend, break of support, Impulse move to the downside. Now just waiting on entry confirmation 👍😎
