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Euro / Canadian Dollar

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EURCAD trade ideas

Descending channel - BuyPrice if forming a descending channel. I will ideally want for it to reach the bottom of the channel before entering long. As of now over all bias is to enter LONG. Please Note: Just knowing the direction of the next move will not help being profitable in the long run. There is a lot more to it with regards to the entry technique and trade management 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 to squeeze maximum amount of pips from it. Comment below in case if you need to know how to do it.
Long
by jetly232
Don't miss the great buy opportunity in EURCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.5535). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 56. Take Profits: TP1= @ 1.5645 TP2= @ 1.5700 TP3= @ 1.5752 TP4= @ 1.5826 TP5= @ 1.5980 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 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 ❤️
Long
by ForecastCity_ME
Don't miss the great sell opportunity in EURCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.5615). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 40. Take Profits: TP1= @ 1.5575 TP2= @ 1.5530 TP3= @ 1.5487 TP4= @ 1.5436 TP5= @ 1.5390 SL: Break Above R2 ❤️ 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
EURCAD Update: Profit=14520 SL=3200 Reward/Risk > 4.5:1 Trade Setup summary: Profit targets=14520 pip (620 + 1480 + 2420 + 3350 + 6650) Stop Loss =3200 pip Reward/Risk > 4.5: 1 Current Status: Total Profit: 3740 pip Closed trade(s): 1260 pip Profit Open trade(s): 2480 pip Profit Trade Setup: We opened 5 BUY trade(s) @ 1.5784 based on 'previous Forecast' at 2020.08.06 : Closed Profit: TP1 @ 1.5658 touched at 2020.08.10 with 1260 pip Profit. Open Profit: Profit for one trade is 1.56580(current price) - 1.5720(open price) = 620 pip 4 trade(s) still open, therefore total profit for open trade(s) is 620 x 4 = 2480 pip 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 29 . New Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.5720) again. if so, traders can set orders based on Price Action and expect to reach short-term targets. New Take Profits: TP1= @ 1.5658 TP2= @ 1.5572 TP3= @ 1.5478 TP4= @ 1.5385 TP5= @ 1.5055 SL= Break above 1.5784 ❤️ 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
10
Don't miss the great sell opportunity in EURCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.5784). 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 43. Take Profits: TP1= @ 1.5658 TP2= @ 1.5572 TP3= @ 1.5478 TP4= @ 1.5385 TP5= @ 1.5055 SL: Break Above R2 ❤️ 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
10
Don't miss the great buy opportunity in EURCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.5435). 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 75. Take Profits: TP1= @ 1.5535 TP2= @ 1.5585 TP3= @ 1.5710 TP4= @ 1.5815 TP5= @ 1.5990 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 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 ❤️
Long
by ForecastCity_ME
4
Don't miss the great buy opportunity in EURCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.5253). 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 67. Take Profits: TP1= @ 1.5326 TP2= @ 1.5393 TP3= @ 1.5448 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 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 ❤️
Long
by ForecastCity_EU
6