EURCAD: Technical analysis. Hello traders,
Wave 5 has probably ended at 1.45826. A correction is supposed to materialise towards the resistance zone at 1.51200.
Thanks.
EUXCAD trade ideas
Interesting Scenario EURCADOn the verge of a breakout, found in Hourly candle if crosses 1.47380 and sustains it might give a good up run upto 1.47918
lets see the market how it reacts .
Supporting the trendline and moving gradualy up, v=creating a bullish scenario.
Flag pattern found on the 1m candle might give the breakout.
Sl should be near 1.47145 Tgt 1.47645-918
Short on EURCADEURCAD
sell @ 1.4756
SL 1.4845
TP 1.4640
Use proper risk management
Move SL to breakeven and further to secure profit
💡Don't miss the great buy opportunity in EURCAD
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.46934).
. 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 59.
Take Profits:
TP1= @ 1.47855
TP2= @ 1.48397
TP3= @ 1.48955
TP4= @ 1.49463
TP5= @ 1.50572
SL= Break below S2
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💡Don't miss the great buy opportunity in EURCADTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.46934).
. 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 59.
Take Profits:
TP1= @ 1.47855
TP2= @ 1.48397
TP3= @ 1.48955
TP4= @ 1.49463
TP5= @ 1.50572
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 you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURCAD WEEKLY FORECAST - TRADE SETUPEURCAD moving towards critical support zone..@1.47400-1.47200..
If the support zone didn't stop the fall.then there will be major fall in this pair...after confirmation.
Go short ....
If price goes up then go long above 1.48000
💡Don't miss the great sell opportunity in EURCADTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.50258).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURCAD is in a downtrend and the continuation of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 1.49565
TP2= @ 1.49176
TP3= @ 1.48679
TP4= @ 1.48014
TP5= @ 1.47239
SL: Break Above R2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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ForecastCity English Support Team ❤️
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.
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
