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EURCAD trade ideas

💡EURCAD Second Chance: Profit=885 SL=60 Reward/Risk > 14.7:1Second Chance Trade Setup summary: Profit targets=885 = {TP3= 90 + TP5= 325 + TP6= 470} Stop Loss =60 Reward/Risk > 14.7:1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.5520) again. if so, traders can set orders based on Price Action and expect to reach short-term targets." New Take Profits: TP3= @ 1.5430 TP4= @ 1.5195 TP5= @ 1.5050 SL= Break above 1.5540 -------------------------------------------------------------------------------------------------- Current Status of First Sell: Total Profit: 640 Closed trade(s): 190 Profit Open trade(s): 450 Profit Trade Setup: We opened 5 Sell trade(s) @ 1.5640 based on 'previous Forecast' at 10.07.2020: Closed Profit: TP1 @ 1.5570 touched at 10.08.2020 with 70 Profit. TP2 @ 1.5520 touched at 10.08.2020 with 120 Profit. 70 + 120 = 190 Open Profit: Open trade is 1.5490 (current price) - 1.5640 (open price) = 150 3 trade(s) still open, therefore total profit for open trade(s) is 150 x 3 = 450 Technical analysis: . EURCAD is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 30. ❤️ 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 trader? Now, It's your turn! Be sure to leave a comment let us know how you see this opportunity and forecast. ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
6
Don't miss the great sell opportunity in EURCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.567). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 30. Take Profits: TP1= @ 1.5570 TP2= @ 1.5520 TP3= @ 1.5430 TP4= @ 1.5195 TP5= @ 1.5050 SL: Break Above 1.574 ❤️ 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 trader? Now, It's your turn! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
8
Don't miss the great buy opportunity in EURCAD Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (1.5670). . 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 above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 74. Take Profits: TP1= @ 1.5750 TP2= @ 1.5828 TP3= @ 1.5978 SL= Break below S3 ❤️ 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 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
15
Rising wedge - SellPrice is forming a rising wedge pattern which is suggesting a heavy drop in price soon. Keeping a close watch on it. Please Note: Just knowing the direction of the next move will not help being profitable. There is a lot more to it with regards to the entry technique and successfully managing the trade after entering the trade. If you look at my previous trades, 90% are impulsive moves covering about average of 80-100 pips. So you need to make sure you enter the trade at the right time and manage the trade to get the maximum amount of pips from it. Comment below in case if you need to know how to do it if interested.
Short
by jetly232