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EURCAD trade ideas

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
Short
by ForecastCity_EU
2
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.
Short
by ricknyanwood
Don't miss the great buy opportunity in EURCADTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.4592). 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 70. Take Profits: TP1= @ 1.4937 TP2= @ 1.5205 TP3= @ 1.5637 SL= Break below S2
Long
by ForecastCity_EU
4
Don't miss the great sell opportunity in EURCADTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.4615). 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= @ 1.4533 TP2= @ 1.4438 TP3= @ 1.4050 SL: Break Above R2
Short
by ForecastCity_EU
Inverted H&S breakout likely: enter after 4H candle sustains.EURCAD is trading close to the neckline of the head and shoulder pattern on the 4H chart. As soon as we get a single 4h close above the neckline, we enter a buy trade with stop loss at 1.45501 which is the approx depth of the shoulder. The up move in the pair is also supported by the daily candlestick pattern that formed a bullish engulfing pattern two days back. Now for the targets, the first one is at 1.47671 and the second is at 1.48350. The path of the price can be either blue – blue arrow (straight upwards) or Blue – orange – orange – orange arrow (a little consolidation after the accomplishment of first target). Either way, we are aiming for the 1.48350 level.
Long
by forexnoobmaster007