Eurcadbuy
EURCAD Bullish Trade SetupIn the EURCAD chart above, the price made a five-wave impulse rally, in wave "i". According to the Elliot Wave principle, a three-wave correction in the opposite direction follows every impulse move.
In EURCAD's case, the corrective move has been taking the shape of a double-three pattern which seems to be completed or still has the potential to make another leg down in wave (Y).
While putting the probabilistic scenario of wave (Y) in consideration, the break of the green line will indicate the completion of the corrective structure and signal the resumption of the bullish impulse.
I just have my buy stop set at the level and waiting for the market to do is things. What's your view on EURCAD?
Best of luck on the chart,
Veejahbee.
11/22- 11/27 EUR/CAD Potential Bull Flag SWINGDISCLAIMER: I've already entered this trade on Friday, I've posted a previous idea for a potential buy below and i've BEEN PLOTTING on this. Eur/Cad has been in a sideways downtrend ever since August (white line) & we are coming up for another test of the trend line. Feel free to make this chart yours. ALERTS ARE SET ON MY TREND LINES... So for this to continue, these are what im looking for:
1. A break of my white box to the upside, holding this 1.553 (green dotted line) area as support
2. Break of the white dashed line into my red line (1.5585)
3. MOST IMPORTANTLY for the hold.. end the week above the white or red line
Blue line is a previous Head & Shoulder neckline that is unique. it acted as support and resistance along this trend dating all the way back to June 2019... as we in closer that will be my target.
Orange Price Boxes are my TP's
Right off the bat going into London we have MAJOR volatility news with the EURO PMI data coming out.. that's kinda when im expecting this to make a decision..
This trade is at break even. if we can't break i'll close.
EurCad- nice bullish setupAfter a very short-lived dive under 1.5450 support, EurCad has recovered quickly and reached 1.56 resistance.
In the last 4 trading days the pair traded in 100 pips range between 1.55 and 1.56 and I believe this range will be broken to the upside.
Buy dips is my strategy for this pair with a soft target at 1.5650 and a medium-term target at 1.57 resistance
EURCAD retracement on the dailyEurcad has been going down for a while. we can now expect a retracement to the 0.5 or 0.618 on the daily chart. Also, after the market gives a retracement to the o.5 or 0.618 we can expect a big short to the downside. Market has already broken resistance on 4h when the resistance turns into support I am buying eurcad. You can buy there too or use your own strategy for entry.
EURCAD One more buy before bigger sell?Hi traders,
Keep an eye there for short term buy setup then we have to watch for sell setups.
If the price will drop down earlier watch for continuation to the downside.
ECAD buy analysis 01/10/2020This morning we are taking a look at a different pair. We have huge upside potential, providing we can respect support down at 1.55950, and break resistance at 1.56150 and then form a support around that area, we have good confirmations to execute longs with two big ranges to attack. Our first target would be resistance at 1.56750 before targeting 1.57350. As usual I would look to secure 10-20 pips and let the rest run. If support is broken there is no trade.
EURCAD Long SetupHead and shoulder breakout
stop loss is higher because we can go lower from here so we will enter with safety and hold this position
it will go higher for sure so not panicking here
once hold above and move in profit direction we will extend the stop loss step by step
Long : 1.568 - 1.5685
Stop : 1.552
Target : 1.575 ,1.58 , 1.585 , 1.59
EURCAD - SWING - 28. SEPT. 2020Welcome to our weekly trade setup ( EURCAD )!
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1 HOUR
Bullish market open and pressure.
4 HOUR
Overall sideways market structure, good long entries!
DAILY
Market about to push to the upside again..
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FOREX SWING
BUY EURCAD
ENTRY LEVEL @ 1.55930
SL @ 1.55470
TP @ 1.56600
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 buyEURCAD buy opportunity, nearly broke resistance after an inverted head and shoulder formation
EURCAD, 4hr tf, buy on Ichimoku confimationHello guys,
My trade setup for today is EURCAD pair, it is very possible this pair could continue going up as there is already all the confirmation needed to go upwards.
1st confirmation is price above the kumo cloud
2nd confirmation is kumo has changed from red to green
3rd confirmation is parabolic SAR switched to below the price indicating buy pressure
Buy limit EURCAD 1.5595
Stop loss 1.5525
Take profit 1 @1.5665
Take profit 2 @1.5735
RR ratio is 1 : 2
Use only 1-2% risk
Good luck
EurCad at channels resistance. What's next?I followed this pair closely in the past 2 weeks with a clear idea, the drop from 1.6 is corrective in nature and EurCad should resume its bull run.
Now the pair is trading close to downward channel resistance and I expect a break soon.
Dips around 1.55 should be bought and as the first target 1.57 should suffice for now.
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 !
EurCad- Entering strong support zoneFrom 1.6 top eurcad dropped almost 600 pips but the drop is not impulsive and has a very clear corrective move format. Also if we draw a Fibonacci from 1.51 support we can clearly see that this old resistance zone, now support, is confluent with 61% retracement and we can very well be in a "measured move" pattern.
That being said I will look for buy opportunities for at least 1.57 target for a swing trade.
Long EURCAD
Took a long on EUR/CAD, the market seems to have broken the down trendline, I do have 1 area of concern for a possible resistance (1.56345)
Entry 1.55958
Stop LOSS 1.55545 (41 PIPS)
Take Profit 1.57601 (164 Pips)
Eurcad Buy Setup! LongDISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
