EURCAD
EURCAD 12.8 - XIt's a fresh new week ahead of us! Hello, traders. Let's start by analyzing EUR/CAD.
As you can see, the target for sells from the previous week was reached. So, here's what I'm focusing on now: Ideally, I'd like to see some signs of strength, which is what I’m watching for on smaller timeframes. Buys remain valid until the break of the low. If the price goes lower, the Point of Interest (POI) will be adjusted.
I will only post new analyses for some setups, as I’ve mainly updated ideas with comments on the existing ones.
EURCADPrice has recently taken out the high from April 2023, forming a new trading range and confirming the uptrend. However, after such strong bullish momentum, a pullback is anticipated. I will look for a counter-trend sell setup, expecting at least a 50% pullback to the first higher demand zone, with the ideal pullback being around 75%. From there, I will monitor the price action for potential buy opportunities and target the first High, just a simple price action...
GOLD IN CORRECTIONNow we got 4h high which is using my method...
Already our 2 sell entry running profit
also we found 2 sell zone
1st sell limit 2254-2257
sl 2259 (need 1m or 5m confirmation then entry it else wait for 2nd zone)
tp 2252
tp 2249
tp 2244
buy zones are the tp4 and tp 5
In 4hrs we found 2 buy zone
1st buy zone 2201-2192 (we need 15M confirmation to take entry)
2nd buy zone 2167-2156(extreme buy zone no need to confirm)...which is in linked analysis
2nd sell limit 2261-2264
sl 2267
tp 2259
tp 2256
tp 2251
buy zones are the tp4 and tp5
In 4hrs we found 2 buy zone
1st buy zone 2201-2192 (we need 15M confirmation to take entry)
2nd buy zone 2167-2156(extreme buy zone no need to confirm)...which is in linked analysis
NOTES: EDUCATIONAL PURPOSE ONLY
GOLD IN BULLSH SORRY for late update.... Sunday i was too busy
Now we see xauusd hits the DAY 1st pull back zone(2259-2305)
In 4Hrs also gold hits 1st pull back zone(2263-2280.5)
once market touches our pull back market starts fall
In 15mins we got High confirmation using my method and also now we got choch (correction choch in 15mins only) confirmation
so entry will be
sell limit 2258-2262-2265
SL 2268(we already entry in 2263)
remember gold still in bullish only we got ONLY 15M confirmation
if you ok use mid lot else use low lot
Targets for intraday
TP1 +20 pips
TP2 +50pips
TP3 +100pips
TP4 1850
In 4hrs we found 2 buy zone
1st buy zone 2201-2192 (we need 15M confirmation to take entry)
2nd buy zone 2167-2156(extreme buy zone no need to confirm)
This two zones will be swing targets for given sell
once market cross 2nd buy zone gold will be red rose
trade carefully
NOTES: EDUCATIONAL PURPOSE ONLY
Eurcad Swing Position in downside with an amazing Reward to Risk
Price has formed a Monthly Source Supply and a Quarterly Destination Demand and now we have a downward confirmation in Weekly with a Supply fomed which also has a Deviation from the EMA which indicates a very strong imbalance in the Price Action.
Possible long in EUR/CADThe pair is bouncing from the support. This is a key pivot level which has been tested several times in the past. The momentum oscillators are also showing a slight positive divergence. Longs have a clear risk management below the support level and we can see a substantial rally from this level.
EURCADFX:EURCAD
As you can see that (For MONDAY 17-07-2023), EURCAD has created Double top pattern in 15Min Time frame at the important resistance level. If it breaks the drawn neckline, we can go for sell side and capture some pips. Always go for retest entry to avoid fake Breakouts. Plan your trade accordingly....
Long EUR/CADAfter the breakout from the rectangle on the hourly charts the pair is now testing the support. Stops will be below the range or in this case in the middle of the range. Instead of using the target here we can just use the moving average to ride the trend for as long as possible on the hourly time frame. One can also use the ichimoku for the same
EURCAD. The EURCAD pair has been on a strong uptrend since the beginning of the year, but has recently broken out of a rising wedge pattern. This suggests that the pair may be starting to move lower and could be a good opportunity for a short position. The pair is also currently retracing 78% of its previous move, suggesting that the uptrend could be coming to an end. With this in mind, traders may want to consider entering a short position on EURCAD.
EURCADDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
#EURCAD it's possible to buy#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.31010
Next Zone area & horizontal swing Low support
1st Resistance
1.47600
Zone area & horizontal swing high resistance
#EURCAD it's possible to buy#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.31010
Next Zone area & horizontal swing Low support
1st Resistance
1.44800
Zone area & horizontal swing high resistance
#EURCAD it's possible to buy#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
1.31010
Next Zone area & horizontal swing Low support
1st Resistance
1.44800
Zone area & horizontal swing high resistance