Reasons for this long term short: 1. It’s still in a major downtrend: lets ride the wave 2. It broke previous low on daily and weekly structure 3. Waiting for pull back at entry zone( preferably at flip zone) 4. Make sure to watch for rejections from the upside(wicks at the top of the candles)
Hello Traders, Hope you all are doing good!! I expect EURCAD to go Up from here. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence,...
EURCAD Update: Identify Uptrend for Long. Good Opportunity to buy till final target. Use Proper Money Management Before Entry. Best of Luck :) What is your view on this idea?
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.3430). . 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 an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a...
Change in Trend…Risky entry till the break that trend…entry after the break is one more confirmation…
Trading Ideas- Short positions below 1.3905 with targets at 1.3191 & 1.2992 Alternative scenario If price sustain above 1.3905 look for 1.4234 & 1.4439 as targets. Supports and resistances 1.3191 & 1.2992 1.4234 & 1.4439
PAIR NAME : EUR/CAD Direction : Short Timeframe : 4H
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.3463). . 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 an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Market now previous strong resistance level retest moving down Target 1 : 1.3576 Target 2 : 1.3469
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.3655). . 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 an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
For short Term Use minimal stoploss to avoid huge loss. Before entering the trade do your own research
This is for short term. Before entering the trade do your own research.
Hi guys please for engulfing candle and for sell on EURCAD
Hi guys this is EURCAD is supply zone please wait for an engulfing candle and go for sell
EURCAD has given a falling wedge pattern in the 1 hour time frame and it had broken the top trend line. So we can expect the trend reversal here from downtrend to uptrend. 1st Target level:1.40692 2nd Target:1.42197 Keep Stop loss below 1.36520
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (1.3819). . 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 an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a...
CAD/USD pair is currently sideway after the end of DownTrend and not clear defining HH, LL, LH or HL.
The pair is in a downtrend and formed a consolidation triangle Pattern. The pattern is broken with the large red candle and signals in the downward momentum.