Trade Idea: Buying EURCAD
Reasoning: Trend support on the daily. Support being found on the intraday chart
Entry Level: 1.4687
Take Profit Level: 1.4805
Stop Loss: 1.4635
Risk/Reward: 2.1:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved...
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TRADES FOR DXY EUROUSD , GBPUSD AND GOLD .
A little retracement is Expected in All pairs
Which will give us entry for our trades , Enjoy and follow the chart
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just an update on the trade idea i had regarding Euro Cad. im currently in this trade stops to break even but its not looking very favourable at present, although very valid
EUR/CAD
Price line attraction is the ascending TL shown on chart below, Price will often try to find the TL which is in line with the long-term bullish target of 1.5110.
The most recent significant high(1.4660 mark), however, can serve as a moderate stop for technical shorts.
Heed your DD!
trade areas for EC, looking to take out the January highs for then a possible reversal. we have Dec 21 high to tackle also. after this we can target buy side liquidty
It seems as EURCAD is forming a bearish flag... waiting on the pull back to the P4 area and then waiting on the break of trendline. Retest first and wait for the drop and to complete the pattern.
Pair has been trending to the down side for this month and looks it broke its support structure currently looking
to be a resistance that its retesting.
Next target is the weekly support level of 1.3776.
What is your analysis on EURO CAD?
Weekly EURCAD pair entering strong resistance zone. The current scenario of extreme risk makes it impossible to reverse the trend in the short term, however, looking to the future, we expect a sudden increase as soon as the first signs of stability in the current scenario appear.
Hey traders,
EURCAD broke and closed below a daily key level yesterday.
Retesting that this morning the price formed a descending triangle formation.
My confirmation to short is a bearish breakout of its horizontal neckline.
I need an hourly candle close below that to confirm a breakout.
Then sell aggressively or on a retest.
The initial target will be...
EURO / CANADIAN it started to bullish..
trend line breakout happened for shark pattern...
make your trade setup depend on thia pattern...
have a happy trading....
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.468).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCAD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.46934).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.46934).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCAD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
Possible short opportunity on EURCAD.
- Price action; in line with the downtrend and 5th touch on the trend line
- Confluence between 200 day EMA, and indicators
- Rejection at 78.6% Fibonacci level
- Fundamentals; EUR weak due to poor vaccine rollout
