EURCAD longPrice had a a strong bullish sentiment after making higher lows and breaks in market structure. We see clear higher highs followed by higher lows. Further confirmation of Bullish momentum by the bullish engulfing we see in this candle. Whether or not it broke my Golden zone it’s definitely closed over the 61.8% Fibonacci extension. looking for a healthy retracement back onto the support before heading into the direction it came from a week ago. (Seems like a reversal.)
Taking a long position expected to last a couple of days.
Tp and SL indicated in the chart.
Eurcadlong
EUR/CAD BUY NOW..
EUR/CAD short time fame create bearish butterfly pattern.
So,this pair short time buy pressure now up to 1.47708.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
PLZ! LIKE COMMAND AND SHARE
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad
EURCAD NEXT MOVE ANALYSIS Price has been bearish for a couple of weeks now and we can now see a clear inverse H&S pattern formed on the 1h Tf. We are expecting a push to the upside upon seeing a divergence between price and RSI. price has also retraced to the 61.8% level of the current impulse. A lot of confluences for this trade to be a good one if not great. Good luck and even better RR ratio management.
EURCAD, daily tf, elliott wave forecast of wave-IV and wave-VAs you can see price completed wave-III with the all 5 sub waves.
I assume wave-III is completed because waves-5 stopped exactly at 127.2 fibonacci of wave-4.
Notice also it hit the support of this downward channel and bounce back up.
For now, i think we could see upwards movement to complete wave-IV before another leg to the downside.
Buy EURCAD 1.4630-40
Stop loss 1.4530
Take profit 1.5130 (5R)
Use only 1-2% risk
Good luck
After we complete the upwards movement we will then sell again this pair.
The target for this pair sell positions is not determined yet because it will be depend on this wave-IV correction length.
For now we will assume that wave-IV can retrace towards 50% fibonacci level.
As for our stop loss it will be at wave-I area.
We will update when we start selling this pair.
EURCAD Correction Set-upPrice is below the 1.27 extention the the 1hr and 4 hr charts, after a very shallow retracement.
I am looking for a correction to come on this pair.
Rules for entry:
1. swing low formation
2. trend line break.
If these two rules are met, I will enter this trade and take it to the 38.2 retracement level.
EURCAD: possible LONG setup on DailyHi Traders,
This is my view on this cross for the next few days.
#EURCAD
Wait for the bullish environment to be confirmed, the structure to be broken and retested.
After that, you can go Long
BUY 1.50530
SL 1.488
TP 1.54
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen
EUR/CAD New Pattern Analysis With great Pips 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 Analysis And 2 Setups Available To Catch 300 PipsThis 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
** EURCAD ** long trade currently open, lets see hows plays out.Hi all, hope your having a great week, really happy with current performance for the strategy, forward testing is showing solid results across the board.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.