Euro / Canadian Dollar
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Trade ideas
eurcad 15m candle ...i have already taken profit ...i know its already delayed...still u can put for a put
a clear break out from that particular top it seemsa clear break out from that particular top it seems
EURCAD SHORTCONFORMATIONS:
1. H&S Daily
2. Hit Fib 50-61% level
3 RSI Divergence 1h/4h
4. break trendline/retest
5. 21/8 crossover
6. break pivot points level
EURCAD WEEKLY WAVE ANALYSISEURCAD WEEKLY WAVE ANALYSIS, THE PAIR IS IN A-B-C PATTERN OR IMPULSE IN BULL MARKET.THE WAVE C/3 WILL COMPLETE IN PRICE ZONE 1.8248-1.9177.
Don't miss the great sell opportunity in EURCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.
Take Profits:
TP1= @ 1.5525
TP2= @ 1.5330
TP3= @ 1.4975
SL: Break Above R2
MODIFIED PIVOTS + EURCADOANDA:EURCAD 15 MIN TIME FRAME TAKING SUPPORT AND RESISTANCE AT MODIFIED PIVOTS
EURCAD SHORTI have recently started trading in price zones and I have seen it very effective but one should keep in mind about the trendlines and the price channels too or else the price action may change. So here's a short for me in EURCAD, the time period is weekly but as the candle closed below the zone for me its a short position with the stoploss at the high of the zone and the target at the below. As it is a positional trade, I would suggest to exit small quantities at every targets.
Eur/cad making higher high lower low patternThe price is currently forming a higher high lower low pattern in the wedges. If it breaks the small resistance level it is possible that it will hit the above target and if it goes below the small support level it will hit the below target.
Crucial point for EURCADHello traders,
Hope you are enjoying our analysis.
Here is another awesome analysis of EURCAD.
As we can see fromm a long term view this pair is in a very crucial
point now.
If it breaks the resistence then one can take a buy call keeping tp at 1.51000
If it doesnt break then one can take a sell call by keeping tp at 1.47000.
Stay with us for the trade.
Thanks
