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Eurcadbuy

EURCAD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD EURCAD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01
💡Don't miss the great buy opportunity in EURCADTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.4817). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURCAD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 63. Take Profits: TP1= @ 1.4841 TP2= @ 1.4863 TP3= @ 1.4894 TP4= @ 1.4914 TP5= @ 1.4955 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
5
💡Don't miss the great buy opportunity in EURCADTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.4768). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . EURCAD is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 48. Take Profits: TP1= @ 1.4788 TP2= @ 1.4823 TP3= @ 1.4862 TP4= @ 1.4913 TP5= @ 1.4949 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
5
Inverted H&S breakout likely: enter after 4H candle sustains.EURCAD is trading close to the neckline of the head and shoulder pattern on the 4H chart. As soon as we get a single 4h close above the neckline, we enter a buy trade with stop loss at 1.45501 which is the approx depth of the shoulder. The up move in the pair is also supported by the daily candlestick pattern that formed a bullish engulfing pattern two days back. Now for the targets, the first one is at 1.47671 and the second is at 1.48350. The path of the price can be either blue – blue arrow (straight upwards) or Blue – orange – orange – orange arrow (a little consolidation after the accomplishment of first target). Either way, we are aiming for the 1.48350 level.
Long
by forexnoobmaster007