EURCAD LONGS & SHORTSI will be looking to trade this pair on its intra day bullish structure break to the upside with a limit set for shorts at point of TP and trading AFP from there.
Longs R:R 1:4
Shorts R:R 1:6
Total 10-20% based on risk.
Eurcadshort
EURO / CANADIAN DOLLAR ( SELL ) EUR/CAD SELL
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SL 1.55955
TP1 1.54646
TP2 1.53524
If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
EUR/CAD Technical Analysis
The counter has broken its near-term bullish trendline.
Then it formed a head and shoulder pattern and has broken down the neckline as well.
Hence, we expect the pair to be bearish in the near-term.
EURCAD Moving Towards The Support Level...We managed to see price level retesting the 23.6% fib level and now showing signs of BEARISH continuation. I will be expecting EURCAD to move towards the support level where 38.2% fib lies. Further confirmation will be determined after this movement. As of now, this is a good short term trade opportunity.
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eurcad sell good lucklazy to explain just look if u know the strat and take it if u would like to , 1-3% risk per trade
EURCAD - Alternate Bat - Harmonic PatternHarmonic Pattern - Short
Large bearish engulfing candle confirming the pattern validity.
Classical approach take profit at 38.2 & 61.8 AD retracement.
Alternatively you can use resistance levels and/or moving averages as TP
EURCAD: Wolfe Waves PatternNice Sell opportunity on EURCAD, Daily Chart.
We have a Wolfe Wave pattern with a good Risk / Reward
EURCAD FOR SHORT SELL EURCAD
STOP : 1.57958
TAKE PROFIT : 1.55729
IF YOU using trailing stop use 810
have nice day my friends
cheeer
thomas
SHORT Don't really trade the Christmas break, but this year with the lockdown has got me stuck at home looking to take this cheeky short.
EURCAD Short - Clear support and resistance
- Historical resistance which price has consistently rejected
- 1:4 RR
400 pips short setupPrice touched a descending triangle on daily chart & broke out of the ascending trendline on 4H Chart, price is currently at minor resistance zone.
EURCAD AnalysisWaiting for wave (ii) to complete before selling.
NOTE: Not a recommendation. Just an opinion.
EURCAD, daily tf, sell ascending trendline break Hello my friends,
Another trade to take today is EURCAD pairs.
I've been watching this pairs since the big bearish candle took out that ascending trend line during December 4th.
We could see this pair go lower again because the last 2 days candle has failed to closed back above the trendline.
This trend line pretty much become a resistance now and there is horizontal resistance as well at 1.5530 area.
Notice EMA10- and EMA-20 now become a resistance as well and located around 1.5520-30 area.
We could draw a conclusion that 1.5530-20 area is an area of confluence resistance and it will take a big power from buyers to take this resistance down.
Notice also the last 2 daily candles are bearish pinbar.
It means sellers are in control of this pair and don't want EURCAD to go higher for now.
Sell EURCAD 1.5525
Stop loss 1.5580
Take profit 1.5360 (3R)
RR ratio 1 : 3
Use only 1-2% risk
Good luck
Disclaimer : i hold EURCAD sell from 1.5525
EURCAD: BULLISH movement is over...Waiting for the BEARISH SignsIf we look at the fib line I drawn, we can see that BULLISH movement hitting 1.618 fib level have already occurred. Currently, price level is below 1.0 fib level and we start to see potential rejection occurring for further BEARISH movement. If we look at ichi cloud, we can see that price is moving towards the cloud which could give EURCAD a BEARISH rejection given the case that we are currently within our trend line. This movement could also be a retest after the fakeout as we able to see. I will be expecting BEARISH movement as of now till the support level or 38.2 fib level.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
EUR/CAD Sell opportunity Head and shoulders sell opportunity forming. Take the sell below neckline break
EURCAD, 4hr tf, sell after wave-4 retracementHello my friends,
Another setup for the coming week is EURCAD pair.
As you can see, the recent movement of EURCAD could be analyze using Elliott Wave theory.
We could assume the recent movement to the downside as an impulsive wave-1 and wave-3.
After this impulsive wave-3 we could expect price to retrace.
Wave-4 usually retrace around 23.6%-50% fibonacci retracement.
Well, for the best trade setup we could try to set a pending sell limit order around 50% retracement because it will give us a favorable 3R setup.
Sell limit EURCAD 1.5570
Stop loss 1.5610
Take profit 1.5450 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
After price move according to our direction for 40-50 pips, please set SL to BE or take partial profit
Good luck
