EURCAD Buy Setup1h
-Trend: Down
-Price made accumulation on the bottom of trend, broke and retest it
-price broke down tl, now its creating a new hh
Eurcadlong
EURCAD, daily tf with line chart, falling wedge/wolfe waveHello my friends,
I sometimes switch to line chart for a better perspective in drawing lines. It eliminate many noises and only focusing on candle close.
EURCAD making a nice falling wedge / wolfe wave pattern at daily timeframe in my opinion right now. Price are bullish and moving inside the line i marked. Yesterday candle / friday candle closing below it which could be a false break as today price come back inside the marked area.
I am buying EURCAD 1.5580
Stop loss 1.5510
Take profit 1 @1.5650
Take profit 2 @1.5720
Use only 1-2% risk
Good Luck
EurCad outlookThe trend for EurCad is clearly up and after reaching 1.6 important resistance the pair corrected just to touch fibo 50% of the last leg up.
A strong base is formed at 1.56 now and the pair could have a new attempt to conquer 1.6 zone.
EurCad is bullish as long as the price is above 1.56 and only a daily close under this support would change this outlook.
EUR/CAD and a nice BUY-OPPORTUNITYHey tradomaniacs,
looking at EUR/CAD we can clearly see a great chance to buy as the market recently brfoke out of its correction and is now close to the lower trendline of the trandchannel.
Current rejection shows bullish interests and could boost the price soon.
Keep in mind that market can be shaky due to ECB and FED Monetary Policy Meetings this week.
Also look at correlations with OIL and CAD before you consider to buy. ;-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EURCAD Long SetupEURCAD is now in an uptrend. Price seems to be exhausting and looking for a pullback for an entry. Look for price to do a retest at the last level that was broken or look for price to make a double bottom at the higher low. These zones also are in line with the fibonacci levels.
EURCAD Updated 17th AugThe support of 1,568 had been passed. So we could wait a new pullback to test it as a resistance or confirm as a fake breakout and looking for a long trade.
EURCAD ROADMAPcurrently, we are seeing price testing the 1.5675 support level after breakout a falling wedge pattern, we have room to go up for +150 pips if buyer manages to push the price to the 1.5822 resistance level, further evidence is needed before placing any buy order. good luck!
**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 as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EUR/CAD 4 Long Confirmations Good day, snipers. Here in the EUR/CAD, we have multiple confirmations to go long. TECHNICAL ANALYSIS first on the 4H time frame, price recently rejected the bottom of the ascending trend line. Also, price broke a resistance level and we will be waiting for a retest before going long. Price is also trailing above the 8 EMA showing a strong trend. FUNDAMENTAL ANALYSIS next is about the CoT report. Currently, net positions regarding the CAD are being sold while the EUR is being bought the previous week. Specifics are discussed with the team and accurate entry, SL and TP are sent too.
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EURCAD LONGThe last two 4H Candle of this Friday Market crossed a strong resistance 1.568. So, for the coming week we could expect a correction to retest this zone and wait for a rejection to go long in this pair straight to 1.58
Update on EURCAD Short TradeHey guys, this is the update on EURCAD short trade that I forecast on July 31. Check that forecast below. Please hit like if you guys like my analysis and follow for more analysis. Thanks.
EURCAD long trade ideaPlan: resistance level breakout --> wait for the 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 as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURCAD (LONG)The pair is currently forming a cup shape .. and recently price action is forming a build up (awaiting for breakout ; you can see the formation much more clearer on the lower time frame) . Currently im waiting for the pair to breakout the resistance area before i enter my long. To know exactly when i place my long order , please follow me to get the latest update on the exact entry / if there is any change of trade.
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EURCAD H1 LONG PRICE ACTION FORECAST Price action had a bearish H&S pattern previously. However, it manages to break the previous high form the left shoulder, signaling a change on the trend. Now heading towards the broken supply zone, a buy position at the ascending trendline is placed.
The order:
Type: sell-limit
S/L: 50 pips - R:R | 1:2.5 -
T/P: previous high
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EUR/CAD - Head & Shoulders - BUYPrice has printed a H&R pattern. We are waiting for price to retest its broken structure for buy entries.
