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Eurcadsell

Structure Exposed!Hi guys, this is a trend continuation trade that i was paying attention to from last week. Now price has finally reached the structure zone and i want to be able to capture the movement that can be generated here, hopefully on the right side, that i think is bearish. That's why i'm waiting for a double top completion in order to get an entry signal to the downside. Stops would go above the highs, targets as i will show on updates. I'll let you know if i manage to get involved. If you want to share your view/ideas, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Broken Support Becomes ResistanceHi guys, this is a trend continuation trade that i was paying attention to from last week. Now price has finally reached the structure zone and i want to be able to capture the movement that can be generated here, hopefully on the right side, that i think is bearish. That's why i'm waiting for a double top completion in order to get an entry signal to the downside. Stops would go above the highs, targets as i will show on updates. I'll let you know if i manage to get involved. If you want to share your view/ideas, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
2
Short EURCAD Short Term Based On H1 TF Double Top Chart PatternWe can see the EURCAD has now formed a double top. For this chart pattern to be valid, price should break the neckline to validate the double top, pushing price further down. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Short
by AEFX786
EURCAD More Drama On The WayThings dont look over yet for the bearish trend on EURCAD at the weekly time frame. Expect more bearish downwards movements the next weeks. And lower range has been broken and it has opened the way for at least a 400 pip fall. This ofcourse, is on the weekly time frame. so on the daily, 4h and 1h time frames there will be plenty of retracements up that you can buy for a few pip. But with this strong sell set up the best advice that I can give is to enter a decent sell position and add more a long the way down.
Short
by JoshFX1
EURCAD Short OpportunityThis trade is just the opposite of the CADCHF trade setup since these 2 pairs have a strong negative correlation. But aside from the strong negative correlation, EURCAD has the trade setup which I am looking for so this makes a valid trade for me basing on my rules. Please refer to this link for the CADCHF trade setup for more details: Will enter this trade at 1.47900 with initial TP of 1.44600 to achieve 1:2 RRR while setting 165-pip stop loss. I know this is a very wide stop loss but it is just based on the size of the strong red candle which validates the trade idea and EURCAD has a quite high ADR so setting a 165-pip SL is also quite reasonable for the matter.
Short
by CaptainHawk
EURCAD Buy SetupEURCAD on the daily time frame has broken through the upper range and Stoch has just made the bullish crossover. When looking at the 4 hour time frame you see that on that time frame the Stoch is already showing a lot of buying pressure. ADX is still to make this crossover, but that one is always a bit slow, need about 3-4 green candles to make the green line go up. When using the Elliot Wave Patterns there are 2 scenarios right now: Scenario 1: Currently we are at the start of the 5th wave Scenario 2: Currently we are at the start of an A B C corrective wave Still both support a buy, the question is how far it will go. Either use the 1st support as a take profit 1.4869. or use this price to move up your stop loss up to 1.4820 and try to enjoy the possible 5th wave all the way to 1.50+ Stop loss 1.4720
Long
by JoshFX1
Reversal area on EURCAD!Hi guys, lately price action didn't go in our favor. I apologize to you if you did take some losses because of my charts, but one of the hard part in trading is to keep using the same methodology (proven to be valid) over and over again, without sabotaging it. So here we are with one of the usual structure plays on the chart. As you all see, euro has rallied a lot this week, and in this particular pair it reached a key resistance area that could stop the rally and start a reversal. Why am i interested in this particular zone? Simply, look left and you'll notice some of the previous touches on that level that always provided with some good shorting opportunities. So the previous behaviour could repeat again. Plus, we also have an AB=CD pattern that's just completed and the RSI is way overbought. It additionally confirm the good spot we're in. So keep a look at the lower timeframes seeking for a shorting signal in price action, such as double tops, engulfings, pinbar and so on. I'll keep you updated. If you want to share your view, or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Reversal Zone on EURCADHi guys, lately price action didn't go in our favor. I apologize to you if you did take some losses because of my charts, but one of the hard part in trading is to keep using the same methodology (proven to be valid) over and over again, without sabotaging it. So here we are with one of the usual structure plays on the chart. As you all see, euro has rallied a lot this week, and in this particular pair it reached a key resistance area that could stop the rally and start a reversal. Why am i interested in this particular zone? Simply, look left and you'll notice some of the previous touches on that level that always provided with some good shorting opportunities. So the previous behaviour could repeat again. Plus, we also have an AB=CD pattern that's just completed and the RSI is way overbought. It additionally confirm the good spot we're in. So keep a look at the lower timeframes seeking for a shorting signal in price action, such as double tops, engulfings, pinbar and so on. I'll keep you updated. If you want to share your view, or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
6