EUR/CAD entering resistance area💡Hello traders,
Hope you all have a fantastic day !
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EUR/CAD has made a strong move up, but now faces first major hurdle. Will momentum continue and price breaks through this key resistance ? We will closely monitor price before opening any short positions.
Let us know what you think about this idea.
Trade safe !
Eurcadshort
Come Through Chart PatternsOn the 1H and who do you see ... Head & Shoulders (chart pattern).
If you enter now, you're looking at 22 pips which is good for a scalper assuming there is no retracement back up to 1.55. I'll rather enter below the 1.54 on a good bearish price action. (Alerts Set)
With this move you're looking at a good 83 pips if you land on the trendline.
EUR/CAD Short setup.Hey, back with another Forex idea, EUR/CAD Short.
EUR/CAD has been a good trade for me in long direction, posted two days ago
This time, still in same range, just shorting, take profit is in the middle of the area, because the pair is in uptrend, but has seen a strong peak, bearish div, resistance testing...
Short entry
1.55300 - 1.55490
TP level
1.54845
SL above
1.55747
Good luck with your trading! Hit me up with any questions.
EUR/CAD show a bearish movement to find down Money profits!!!Hello guys, in this technical analysis we wil go on short position in this technical analysis, because EUR/CAD show a nice chartist pattern called tripple top, that is a bearish siganl so that Euro is going to drop, specially the Euro vs. Canadian Dollar show that.
So, that is the analysis that I make it.
Now, look in Daily, we see that there are many candlestick that showed a possible drop, specially that we are in this bearish rising wedge to entry here
That is the key analysis in H4 timeframe. That show that we have a tripple bottom marketd in these blue arrow.
I hope that this analysis is support you!!!
So, in the H1 timeframe we see that movement is so bearish soon
So, I put a sell order limit at $1.5540 CAD and the SL at $1.5601 USD, that is 60 pips, because calculated the risk in US Dollar is $4.44 USD, that is considerable within of my risk 10%, because in the last days I earn in EUR/USD and EUR/GBP recently when I Closed up my position, now I have the USD/CAD activate in short as Canadian Dollar is strenghten.
Eurcad Downtrend beginningBeen short in this pair, after all this bullish movements I believe euro starting big downtrend, has been in accumulation phase for more than 4 months creating a bullish sideways movement overall, but this usually its bearish in Long term
Oil Bullish / Cad bullish, Euro Last push on Monthly chart (EURUSD) , still downtrend on Monthly chart
All entries explained and re Entries
Final tp 1.45
this will take months! have patience
EURCAD SELLBoth the 4 hr and 8 hr time frame are now in a confirmed downtrend. There was strong rebound from the 12H trend line however the 12th time frame also shows a huge bearish engulfing candle that has not been superseded. I am also seeing a potential head and shoulders and this could be the right shoulder that is forming.
Remember risk management is key and STICK TO YOUR TRADING PLAN
EUR/CAD Technical Analysis.Currently, EUR/CAD is trading at 1.5479. The pair is consolidating in the resistance and support wedges. Previously, the pair was trading in resistance and support wedges by making higher high lower low pattern. It may start a new down trend if it breaks the support level and neck line at 1.5392, then its first target price will be at 1.5284 and the second target price will be at 1.5218.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and ideas.
Thank you,
Rishikesh Lilawat
EURCAD - SWING - 21. JULY. 2020Welcome to our weekly trade setup ( EURCAD )!
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1 HOUR
Very bullish price action and takeout.
4 HOUR
Expecting another push to the downside taking out several long holders.
DAILY
Overall bullish market turning right now, good short entries!
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FOREX SWING
SELL EURCAD
ENTRY LEVEL @ 1.54650
SL @ 1.55330
TP @ 1.53640
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
EUR/CAD going lower 💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
I will really appreciate any likes and follows, that would help grow this channel.
EUR/CAD will go lower after breaking ascending channel.
Let us know what you think about this idea.
Trade safe !
EURCAD / BEAR / BIG DROPEURCAD has been ranging for a while, it is now at the top of the range on the 1H chart and there is an area of support just below it, I am waiting for price to break and then selling to the next level of support
I expect price to pull back before the trend continues, if the trend continues we can hold the position or enter another sell
EURCADHappy Sunday Traders
This pair is currently pushing up very strongly on the daily chart. But, it has entered into an area which I called the Monthly Resistance Zone. This is an area that the EURCAD has tested multiple times in the past as resistance and is possibly an area that we could see a nice Counter-Trend bounce out of this market. For that reason, I will be looking in this area for possible short trades this week.
Monthly Resistance Zone- (1.55160-1.61720)
EUR/CAD will go lower next week💡Hello traders,
Hope you are having fantastic summer and also are finding time for trading as well :)
I will really appreciate any likes and follows, that would help grow this channel.
EUR/CAD made a strong move up last week. However, we believe price now will go lower as momentum of price action is getting weaker.
Let us know what you think about this idea.
Trade safe !