EURCAD 4HThe price here is bouncing from the major structure zone, in confluence with the support line connecting the higher lows on the way up. Now some momentum is there.. nice opportunity I can see there.
EUXCAD trade ideas
SELL EURCADAT GOOD ZONE :
1. FIB SUPPORTED
2. GOOD STRUCTURE ZONE
3. AT DAILY HIGH
LET'S WAIT AND SEE WHERE MARKET MOVES
Strong Week For Euro Against Canadian Dollar Ahead.Strong Week For Euro Against Canadian Dollar Ahead.
EURCAD TRADING IDEAEURCAD is ready to fly in as framing double bottom in H4, start buying above neckline and wait for long profit.
By:
A.S Dhakad
Forex Chart:- EURCAD BUY WITH SETUPWe think, Eurcad best buy level this time 1.49150 to 1.48350 level. Our view, eurcad first low 1.48990~1.48710 and second low 1.48627~1.48350 near.
Eurcad bonus level for buy 1.48550 price. If eurcad stop sell mod , then any above to 1.50650 to 1.5130 price again touch.
Details:- We give two points for trading. Pls check the below points.
1) How to trade this all levels?
Ans) First second you RSI indicator (14 or 10 period), when RSI indicator price low 15 to 03 and same time Eurcad price low any above levels. Then trade it and book 20 to 50 Pip (If you not high risky trader) + Stop loss 20 to 50 same pip add. And again add other level same rules. But clear full any indicator not 100% analysis give.
2) How much time chart setup?
Ans) Trading a psychology & mind gaming. What time you see your best time setup. Same time chart you trade. But most popular time H1/H4/H12 and Day chart good for this trading. Your depend what time frame you trade.
★If you have any questions, you can ask.
⚠️ Note: TRADING A HARD PSYCHOLOGY & MIND GAMEING.
EURCAD - BEARISH TREND DESCRIPTION:
The counter EURCAD is maintaining its price below the flat-top resistance line at the price of 1.5379. The resistance line has been tested twice . Today the counter hit the resistance line and the price started falling downwards. The resistance line is very strong so that the counter can't able to break the line. The downpour of the price indicates the bearish trend of the counter may continue further. The stochastic indicators are at level 80 which gives additional support to the description.
Major Levels of this counter:
R2 - 1.5453
R1 - 1.5416
PP - 1.5353
S1 - 1.5317
S2 - 1.5254
EURCAD-LONGDescription:
The counter EURCAD started moving upwards and form an ascending channel. Since the price is maintaining in the channel and it is still moving upwards. The previous entry of the counter was at the bottom line of the channel at the price1.5369.The formation of the ascending channel indicates the buying mode of the market. The bullish trend may continue further. The MACD indicator curves give additional support to the description.
The major levels for this counter is
R2 –1.5430
R1 –1.5409
PP –1.5392
S1 –1.5371
S2 –1.5354
