EURCAD H4Depending on your risk profile, may want to wait for more evidence of a solid run up, then enter.
Eurcadsetup
EUR/CAD SHORT [Technical Analysis] 15-MAY-2020It's around 7 hours to the close of the market week. And I say we go short on the Euro/Canadian Dollar Pair. We might see prices going to as low as 1.5187 from the current 1.5257. With Zero consolidation in between. The Bears seem to be going for the home run.
If we take this trade, the Risk/Reward = 1.9 or thereabouts.
EURCAD bounced from support, potential for a further rise!
EURCAD bounced off 1.51724 where it could potentially rise further to 1.53536.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EUR/CAD, monitor price action for a potencial LongIf we got breakout of the trendline, we would long the pair. There is a great chance, that price will behave the way we expect.
EURCAD short-sell daily EURCAD short-sell daily timeframe overbought rsi, bb and demarker in weekly
1.52 price respected resistance 2017 yearly and 1.42 support support 2017 yearly
1.40 price possible for take-profit until next week economic calendar euro weak release and cad strong release
Moving averages, macd, macz-vwap and rsi ema crossing for short
Strength momentum indicator strong cad m5-d1 weak for eur m5-m15 chance until hourly
Alot of economic calendar release & news would be released next week expect for volatility
Pattern stage 3 profit taking for EURCAD stage 1&2 already complete
#EURCAD LONG SETUP.. In the 4-hour chart of #EURCAD, we see that the price broke out the wedge pattern.. It is likely that the price may retest the break-out line.. There can be a long setup opportunity for #EURCAD.. I expect a price action as I mentioned on the chart.. We will wait and see..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
#EURCAD LONG SETUP.. In the 4-hour chart of #EURCAD, we see that the price broke out the wedge pattern.. It is likely that the price may retest the break-out line.. There can be a long setup opportunity for #EURCAD.. I expect a price action as I mentioned on the chart.. We will wait and see..
Disclaimer: Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
SHORT trade brewing on EURCADEURCAD has pushed relentlessly north for the last 15 hours and we have overbought conditions on several time frames. WR1 is now in striking distance. This will be an irresistible target for EUR BULLS and its likely the BEARS will stand aside ready to pounce when the price hits WR1. This is a nice setup as SELLERS will avoid the market until this level is reached and WR1 will be crowded with SELL LIMIT orders (including my own).
Get a SELL LIMIT order at 1.5433 with a 25 pip STOP LOSS. Target will be adjustable depending on market action but 1.5270 area look a good place where the buyers may come in.
EURCAD bounced from support, potential for a further rise!
EURCAD bounced off 1.51562 where it could potentially rise further to 1.54883.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCAD Respecting the Channel (Bullish in the next days)EURCAD Analysis Long Term Trade
200 TO 300 pips move
Signs of BULLISH EURCAD:
-Respecting the channel
-Weak US Oil
-Stronger EUR next to USD (weak GBP)
-Long bull candles
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EURCAD reversal scenarioHi Folks,
We have seen a nice bearish run on this pair and now consolidating in the support zone. We have seen a nice bullish engulfing candle from the zone which suggest that me might see a bullish run soon. I have gone long on this one and marked the tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
EURCAD potential reversal!
EURCAD expected to rise up to 1st resistance at 1.54729 where it could potentially react off and drop down to 1st support at 1.51680.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCAD - Sell signal H1 [swing]* 50% for all predicting.
- Risk: 0.5%.
- R/R: 1:1.
- Data backtest: maximum from Tradingview.
- Good luck.
EURCAD Looking For Buyers 4HrNote: Idea is to complement your research.
Check comments section for future updates on idea.
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Thank you and Happy trading.
SHORT EURCAD UPDATEPerhaps the last wave up is completed. However, the possibility of another wave UP is not excluded
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