The 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.
FX:EURCAD As you can see that, EURCAD has formed Flag and pole pattern, and it is going to give a 3 touch point horizontal breakout. If the candle closes properly without wick in 5 min or in 15 min we can plan for buy side. Take retest entries.. Plan your trade accordingly...
chart is having upside direction so my view is bullish, entry & exit is mention on chart.
Going long on EURCAD with the setup on the chart with good RRR.
EURCAD Buy trade opportunities EURCAD is running in the support and resistance area if it closes above the resistance area then its have a good opportunity for a long. When it close above the resistance area wait to further retracement and then take a long trade ‘Always trade with Stop Loss’
As we can see Break of structure (BOS) and then Change of character (choch). Can see imbalance towards bull and OB where we wait for Entry.
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.3090). . 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 below the 21-Day WEMA, which acts as a dynamic...
EURCAD Update: Don’t miss, Price is running @ demand zone. Just follow the pattern and set target as you can see in the chart. Use proper risk management and you can run this trade till final target :) Best of Luck :)
Hello Traders, Hope you all are doing good!! I expect EURCAD to go Up from here. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence,...
EURCAD Update: Identify Uptrend for Long. Good Opportunity to buy till final target. Use Proper Money Management Before Entry. Best of Luck :) What is your view on this idea?
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.3463). . 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 below the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.3655). . 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 below the 21-Day WEMA, which acts as a dynamic...
For short Term Use minimal stoploss to avoid huge loss. Before entering the trade do your own research
This is for short term. Before entering the trade do your own research.
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.4277). . 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 dynamic...
Price is currently approaching to weekly demand zone, so we can expect possible Longs from there, share your thoughts
Read the chart thoroughly, let me know your thoughts. Potential up movement is expected from EURCAD since cot data shows eur is up by 10k and cad is down by 3k if this week closes at same conditions then next week this pair can be capitalised. Stay notified for perfect entry next week. All The Best!
EURCAD Short Risk/Reward: 1:4 Give a Like and Feel free to share your opinions in the comment! Happy Trading 😊