Bearish on EURCADClean bearish channel forming.
Price was able to break previous support level, wait to sell on the retest.
Eurcadsetup
EUR/CAD Running In 60 Pips And New Entry Avialbe This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/CAD At Very Important Area Now , It Will Break It ?This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Possible buy setup for EURCADTo support my previous EURCAD setup post, this is the 1hr chart. Price has broken resistance (now new support) and retested that level. I think this pair will be good for a buy during London session.
EUR/CAD New Trade 1:5 R:RThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/CAD +100 Pips From Last Analysis This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/CAD New Trade And 400 Pips Avialbe This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Eur/CadLooking to place a sell limit @ 1.49279
Stop Loss @ 1.49699 (42 pips)
Take Profit @ 1.48423 (85 pips)
EUR/CAD Multi-Timeframe analysis (03/02)Hi Traders
EUR/CAD Multi-Timeframe analysis (03/02)
H1 Chart (Bearish)
Target 2 at 1.52525 has been reached. We closed the remaining 50% of our position and now we are looking for the next opportunity to enter the market.
Support & Resistance
1.53327 1.53548
1.53030 1.53833
1.52898 1.53965
H4 Chart (Strong UP)
The market is approaching the support at 1.52821 . We are waiting to see reversal signals in order to reinstate LONG positions. Next important support is the 1.52619 level.
Support & Resistance
1.52821 1.53124
1.52619 1.53498
1.52092 1.53833
Daily Chart (Strong Down)
The market is approaching the resistance at 1.54016 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 1.55924 level.
Support & Resistance
1.52666 1.54016
1.52092 1.55924
1.51065 1.57096
Weekly Chart (Neutral)
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
Support & Resistance
1.52666 1.59912
1.50518 1.62060
1.47707 1.64871
EUR/CAD Multi-Timeframe analysis (Update)Hi Traders
EUR/CAD Multi-Timeframe analysis (Update)
H1 CHART ( Bullish )
A medium probability, entry signal to go LONG was given at 1.53623 after the market found support at 1.53317 . Only the downward break of 1.53317 would cancel the bullish scenario.
Support & Resistances
1.53328 1.53548
1.53030 1.53735
1.52898 1.53975
H4 CHART ( Neutral )
Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop.
Support & Resistances
1.53124 1.53498
1.52619 1.53782
1.52092 1.54414
DAILY CHART ( Strong Down )
Waiting for a retracement higher towards the 1.52666 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.54016 level.
Support & Resistances
1.52660 1.52666
1.50744 1.54016
1.47486 1.55924
WEEKLY CHART ( NEUTRAL )
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
Support & Resistances
1.52666 1.59912
1.50518 1.62060
1.47707 1.64871
EURCAD - LONG; Buy it up!!Like the title says.
While the EU still maintains a positive account balance, the BoC couldn't steal, print or borrow and other dime (not even a Canadian one), even if their life depended on it.
Here is the Daily;
EUR/CAD SELLEUR/CAD has been in a descending channel since the beginning of the month, respecting the green trend lines .
With the Fibonacci retracing tool i can see that the 0.618 level is close to the upper green trend line which could suggest a reversal to occur there.
I expect the price to retest the 0.618 level or the upper green trend line and price to reverse back down continuing the downtrend .
This is shown by the grey path drawn
ERUCAD | Perspective for the new weekBagged 320pips in our direction before the rally began in my last speculation on this pair (see link below).
Despite an overall Bullish perspective for the Euro, most of the new year has seen price hustling below CA$1.55400, a feat showing less confidence in the Euro. The unattractive net change in unemployment rate released last week mirrors a negative implication for consumer spending which has an adverse effect on economic growth making the Canadian Dollar less attractive too. This explains the indecisive pattern represented on the chart (parallel channel) but following the positive figures coming out of economic release last week for the Euro, a promising future for the Euro over CAD in the coming if the price does not break below CA$1.52500 (completing a Double Bottom structure) appears to be feasible.
Tendency: Uptrend ( Bullish )
Structure: Reversal pattern (Double Bottom) | Supply & Demand
Observation: i. Characterized by an indecisive pattern since mid last year, the price has been caught within a range with no clear sign of a rally or decline.
ii. This been said, it appears we still can make a trading decision based on certain setup seen on the chart.
iii. A possible formation of a Double Bottom is unfolding if price did not break below demand zone @ CA$1.52500 in the coming week(s).
iv. It is advisable to be very conservative at this juncture for a long position can only be really confirmed if price breaks above the Neckline @ CA$1.55400 (outright buy or buy from correction).
v. It is worthy to note here that, any significant Breakdown of demand zone @ CA$1.52500 shall consider this bias invalid... Trade consciously!
vi. A significant Breakdown of demand zone @ CA$1.52500 might see price head for CA$1.49000 area before the rally begins.
Trading plan: BUY confirmation with a minimum potential profit of 300 pips.
Risk/Reward : 1:3
Potential Duration: 5 to 10 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
EUR/CAD Multi-Timeframe analysisHi Traders
EUR/CAD Multi-Timeframe analysis
H1 CHART ( BEARISH )
Waiting for a retracement higher towards the 1.53175 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.53780 level.
Support & Resistances
1.52790 1.53175
1.52213 1.53780
1.51227 1.54766
H4 CHART ( BEARISH )
A medium high probability, entry signal to go SHORT was given at 1.53151 after the market found resistance at 1.53804 . Only the upward break of 1.53804 would cancel the bearish scenario.
Support & Resistances
1.53120 1.53782
1.52821 1.54414
1.52255 1.54980
DAILY CHART ( NEUTRAL )
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
Support & Resistances
1.52666 1.54016
1.50744 1.55924
1.47486 1.57096
WEEKLY CHART ( NEUTRAL )
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
Support & Resistances
1.52666 1.59912
1.50518 1.62060
1.47707 1.64871
EURCAD ANALYSISEURCAD ANALYSIS
falling wedge
breakout
pullback
demand zone
confirmation buy
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Idea is not the financial advice!
EURCAD - SHORT; Right here, it's still a short ...... But we'll be BUYing up that Stop Hunt like there was no tomorrow!!
Here is the Weekly;
EURCAD 4HR LONG SETUPEURCAD 4HR :
EURCAD after crossing 4hr Trendline Price Currently moving towards Day Level Resistance Zone.
If it crosses resistance zone and day trendline ..Wait for Retest and then Go LONG..
