my sell setups in EUR CAD M15Hello my friends I want to have a SELL position on EUR CAD M15 currency pair. Thank you for your attention
EURCAD.1.MINI trade ideas
EURCAD BULLISH FORECAST EURCAD has long been trading lower from 1.46267 to 1.28892 all within descending trend channel territory.
The poor EUR been struggling for it's value since 25th Aug, where it maintained the price within bearish flag that has been formed with trading ranges between 1.33352 and 1.28892.
Breaking the flag below will hints for strong bearish pressure while breaking the flag above will have same impact in opposite reaction.
On 20th Sep buyers were able to touch the upper resistance within the descending trend channel and today's price testing the same resistance.
Remember: the most support level or resistance get tested the higher it gets potential risk of break.
If price break above the tested resistance, we'll prepare for buying opportunity after retesting above the boundary of the trend channel.
I expect EUR to trade high against Canadian Dollar, and expected to reach major resistance which is around 1.37063
Fundamental aspects:
ECB has delivered Hawkish statements where Lagarde hints for 75bps rate hike in October.
Unfortunately this haven't lift the EUR enough for much gains to recovery, EUR is expected to fight back against it's rivals after the rate hike.
Canadian GDP M/M will be release today, whence lower reading as expected may help EUR to have a modest gain against Canadian Dollar.
The Canadian GDP was 0.1% in previous reading where it's expected to remain same as 0.1%.
If the reading come higher than expected, it may help Canadian Dollar for more gains.
If EUR fail to gain against Canadian Dollar, the expected price is 1.24053. which is more lower in history.
If you really have a plan on EUR. Pay attention to this structure, it'll be rewarding when use right.
#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:
1.29770
Next Zone area & horizontal swing Low support
1st Resistance
1.34389
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:
1.30888
Next Zone area & horizontal swing Low support
1st Resistance
1.34389
Zone area & horizontal swing high resistance
EURCAD 15 Minits BuyEURCAD 15 MINIT BUY EURCAD 15 Minits Buy EURCAD 15 Minits Buy EURCAD 15 Minits Buy
#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:
1.28660
Next Zone area & horizontal swing Low support
1st Resistance
1.34389
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:
1.28660
Next Zone area & horizontal swing Low support
1st Resistance
1.34389
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:
1.28660
Next Zone area & horizontal swing Low support
1st Resistance
1.34389
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:
1.28660
Next Zone area & horizontal swing Low support
1st Resistance
1.32498
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:
1.29451
Next Zone area & horizontal swing Low support
1st Resistance
1.08609
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:
1.29451
Next Zone area & horizontal swing Low support
1st Resistance
1.08609
Zone area & horizontal swing high resistance
EURCAD Buy trade opportunitiesEURCAD 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’
#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:
1.29451
Next Zone area & horizontal swing Low support
1st Resistance
1.08609
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:
1.29451
Next Zone area & horizontal swing Low support
1st Resistance
1.08609
Zone area & horizontal swing high resistance
EURCAD trading in a rangeEURCAD is stuck in a wide range trading zone and has just taken resistance from the upper range, a shorting trade can be initiated with a small stop loss.
#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:
1.29451
Next Zone area & horizontal swing Low support
1st Resistance
1.08609
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:
1.29451
Next Zone area & horizontal swing Low support
1st Resistance
1.08609
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:
1.29451
Next Zone area & horizontal swing Low support
1st Resistance
1.08609
Zone area & horizontal swing high resistance
EURCADWait for the trend line support level breakout after entering the sell position and resistance level breakout after entering the buy position
EURCAD longAs 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.
