EUR/CAD: LONG trade setupall in the picture
I advise to check the trade 6hrs from now and book some gains, at least to move the stop into the money.
good luck !
Eurcadsignal
EUR/CAD Sell Opportunity Below 1.5600 EUR/CAD Sell Stop @1.5600
SL: 1.5840
TP1: 1.5440
TP2: 1.5240
TP3: 1.5100
EURCAD SELL at 1.56450 SL 1.56950 TP 1.55250The EURCAD chart H4 time frame we see bullish momentum starting from 6th July and reached its recent high on 31st July near the price at 1.59780, then EUR losing it's bullish momentum and CAD start gaining against EUR. We also see on the H4 chart EURCAD just breakout its new critical support level at a price near 1.56580 8th August. We expect more down within a couple of days, so we are going to short on EURCAD from 1.56450 with a tight stop loss at 1.56950, and our target level will be at this price of 1.5525.
EUR/CAD LONG SET UP & SIGNALTITLE/(DATE)- EUR/CAD
ASSET- FOREX
PLATFORM-MT4
ORDER TYPE- BUY LIMIT
Time Frame-4hr
ENTRY PRICE 1- 1.57080 (pending)
ENTRY 2- 1.56880 (pending)
STOP LOSS- 1.56680(40 PIPs)
TAKE PROFIT 1- 1.57580 (50 PIPS)
TAKE PROFIT 2- 1.58080 (100 PIPS)
TAKE PROFIT 3- 1.58580 (150 PIPS)
TAKE PROFIT 4- 1.59080(200 PIPS)
TAKE PROFIT 5- 1.59580(250 PIPS)
STATUS: ACTIVE
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EURCAD TRADE IDEAEURCAD - Bit of a triple top before rejecting the resistance with a big bearish candle. Should see a further push to the downside, and then potentially break the trendline.
SHORT EURCAD | WEEKLY FORECASTTendency: Downtrend ( Bearish )
Structure: Channel | Support & Resistance | Harmonic (AB = CD)
Observation: i. Trading Channel occurs as parallel trendlines connect price's Support and Resistance levels within 1.54300 and 1.50500 range.
ii. Channel emphasizes the sideways movement in the market.
iii . A Breakdown of 1.52200 from 61.8 retracements at point C might confirm temporary Downtrend continuation to complete AB=CD pattern.
iii . It is worthy to mention that at this juncture, we might be looking forward to a Harmonic pattern as price rallies from a 618 retracement ;
a. Impulse A-to-B expected to be in harmony with the potential B-to-C leg.
b. The B- to-C leg is at 61.8% Fibonacci retracement of the A-to-B leg.
c. The potential C-to-D leg is expected to fall at 127.2 - 1.6184% Fib. ext. of the A-to-B move.
Trading plan: SELL confirmation with a minimum potential profit of 160 pips.
Risk/Reward: 1:2
Potential Duration: 1 to 3 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 Nirvana Trades & Investments for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes 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.
NFT&I does 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.
EURCAD at a key level of supportLooking at the weekly timeframe we see after pushing to the upside and closing back above 1.5060, EURCAD has been holding at this zone for weeks.
Last week EURCAD had a strong bullish rally back up to 1.538 before falling back down to 1.5060. If structure can hold at this zone we can look for price to push back to the upside, retesting the 1.5532 zone.
If you have any questions please feel free to comment below.
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 Analysis : what is next after the fluctuationI hope that you like the video , any question or idea or mistakes i am ready to hear it :)
ing : Aledine.ha
BUY EUR/CAD in a sideways channelEUR/CAD daily trend is UP
The pair is now consolidating sideways in a horizontal channel. Currently testing support
LONG position, after support rejection confirmation, seems to be logical to catch some pips up until the high side of the channel
EURCADBig old swing trade here. Massive liquidity zone here, looking for rejection to take a short down to the -61.8.
6 month swing trade
1150 PIP GAIN
RR 14/1
EURCAD trade idea update on H1on my previous analysis price failed to breakout the support level and the condition remain the same but for higher support level, we still wait for price to breakout support level (daily resistance) before placing any sell order. good luck!
Plan : support level breakout --> wait for price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURCAD sell on H1Plan : support level breakout --> wait for price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURCAD positioning for SHORT ENTRYEURCAD is now doing what be said some days before, the operation we gived it's now on 160 pips in profit for our crew and we expect 40/50 pips more. Returning to the analysis, in this moment the value is surpassing a monthly KL so there are two possible scenes, the accumulation now to fall or the second one and what we expect: the retest in the supply, retesting at 50% of fibo in 4H and the posterior fall.
In both cases, we will wait for the confirmation and after this confirmation we can go in, good luck and enjoy the pips!!
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EURCAD has breakout its trendline resistance!Plan : resistance level breakout --> wait for price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURCAD sell on H2Plan : wait for prices to bounce off horizontal resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURCAD short trade update on H1, re-entry scenario! Note : the previous support levels have now been tested to be resistance levels (link attached below!), what if you haven't followed my previous short call, then what next? here's the plan
Plan : wait for prices to bounce off trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURCAD sell on H1Plan : wait for prices to bounce off horizontal resistance (previous support) --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
