Eurcadbuy
SELL EURCAD AT MARKED ENTRY We previously saw EURCAD break out of range bearish until most recent point of support by which it had completed the first potential cycle. Price still has bearish potential from which we may see price move bearish from around 1.48626 and complete the move at 1.42913.
Stoploss is about 220 pips so manage your risk accordingly.
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EURCAD LONG TRADE IDEAThe EURCAD made an impulsive move to the upside and followed by a corrective structure that has retraced 61.8% of the rally.
The prices have rejected a broken resistance that lined up with mean value "moving averages" as support.
Price has the potential to resume higher from the near current level and resistance level @ 1.51700 area is a plausible target!
EURCAD bounced from support, potential for a further rise!
EURCAD bounced off its support at 1.47592 where it could potentially rise further to 1.48234.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCAD potential reversal!
EURCAD expected to rise up to 1st resistance at 1.47610 where it could potentially react off and drop down to 1st support at 1.46915.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EUR/CAD : Watch Flag and Strong SELLBUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
Eur/Cad Update!The Support Level is hard to see on the daily and even weekly chart, but it does exist! This is a monthly support level!
so.....
1. Daily Chart Came Down To Monthly Support and moved up , and then CAME DOWN again and RETESTED the Montly Support Area!
2. Indicators on hour 4 indicate a buy now!
So the Idea is that we are have entered a buy on the daily chart at a monthly support area and we ENTERED our trade on hour 4 to confirm this buy!
I hope this helps!
EURCAD Trade Plan UpdateJust basically updating EURCAD after a long week of shorts with a simple touch on wave. Note: Personal buy entry @ 1.46453. Trade safe!
EURCAD DThe pair has reached a somehow interesting area. On the one hand it broke a long term trendline on the 3rd of July but now seems to have found support at the 1.468 area. I believe the pair can rally to retest the resistance at the 1.4915 area. Reasons for believing this are :
1) Support area at 1.468 has been respected
2) We saw the formation of a pinbar breaching the support area but closing the day just over it or on it.
3) RSI is in overbought area
4) MACD seems to confirm the reversal by gaining some strength
Please comment if you have a different view.
Trade safe!!
EUR/CAD::: Starting 2nd Wave ?????EUR/CAD Started a Bullish Elliot Wave that can Move For Higher Targets and Good Profit. Use Low Lot Size and don't Be Greedy Please.
EURCAD Daily Support Analysis and StrategyPrice action is at a crucial point reaching a major daily support zone (red zone). Here we are looking for a reversal, therefore we are long and we will post updates with targets. GBPAUD
EURCAD Daily Support Analysis and StrategyPrice action is at a crucial point reaching a major daily support zone (red zone). Here we are looking for a reversal in price action, therefore we are long with take profits set on the green zones. FX:EURCAD
EUR/CAD : Buy After Breakout !!BUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
EUR/CAD - Second Buying OpportunityEUR/CAD, after push up higher was not able to lose its gains and is currently finding its support for a push higher up as we can confirm looking at the 4H and 8H chart.
We can buy the low test and put our SL anywhere near the last low.
Trade safe.
EURCAD - BIG LONG TRADEEUR/CAD is preparing itself for a big upmove.
Recovering with 2 candles only after hitting the daily support and now failing to enter into a reversal phase, it is finding its support for a bigger up move in this consolidation phase.
Keep this pair in your watchlist and look for a buy on the next low test.
This is a very good looking setup. Highly probable move coming up next if the support holds and prices keeps rejecting the lows.
As the prices make its push up and breaks the 200 ema on the daily, we'll have the beginning of the bullish weekly trend.
Trade safe.
EURCAD BUYEurcad has made the correction after a rise and its going more up to the resistance level.
EURCAD Forex cross pair analysis supply and demand forecastSee below EURCAD Forex cross pair top down analysis supply and demand forecast. The big picture trend on EURCAD Forex cross pair is longs, we are not allowed to sell EURCAD based on a supply and demand trading strategy because there is a weekly demand level in control making price print higher highs.This weekly demand imbalance is located around 1.4695, this level is being respected whereas lower timeframe supply levels are being eliminated. There is no reason to go short on EURCAD Forex cross pair based on a supply and demand technical analysis. We are expecting price to rally higher above weekly highs eliminating lower timeframe supply imbalances and creating new levels of demand.
Trading supply and demand imbalances is ideal for beginners and those with a full or half time job, you won't need to stay in front of the computer all day long trying to move price action with your mind. As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and reacts strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements.You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for price to pullback or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
