EUXCAD trade ideas
💡 Don't miss the great sell opportunity in EURCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.5665). 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 52.
Take Profits:
TP1= @ 1.5580
TP2= @ 1.5526
TP3= @ 1.5450
TP4= @ 1.5370
TP5= @ 1.5280
SL: Break Above R2
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Bear Flag - SellPrice is clearly forming a bear flag pattern.
Hence looking to enter short. Just waiting for little fore development for the setup to be ready
Simplicity is key to be successful in trading.
Thanks to all those who have followed me and liked my post.
Especial thanks to all those who DM me and commented on my analysis wanting to know more about the trade.
EURCADSELL
UPTREND CHANNEL
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Check today analysis below
Stay safe everyone
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Disclaimer: this information is not a recommendation to buy or sell. It is to be used for educational purposes only**
long setup after a huge cup & handle pattern formation.. now candle as wedge pattern breakout and retested. expecting huge rally of very small risk and massive reward
💡Don't miss the great sell opportunity in EURCADTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.5535).
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 41.
Take Profits:
TP1= @ 1.5498
TP2= @ 1.5457
TP3= @ 1.5394
TP4= @ 1.5312
SL: Break Above R2
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EURCAD 4HR FORECASTEURCAD Currently in Resistance Zone ..What we can expect.....
1) RED
Price break the resistance level and move downwards for correction and NOW resistance zone act as
Support Zone then GO LONG @ 1.55150
Take Profit @ 1.56280
2) BLUE
Price fails to break resistance and return to Support Zone and then it make a move towards resistance ...
Since it was fresh Zone can GO SHORT @ 1.55010
Take Profit @ 1.54200
Trading Signal For EURCADTrading Signal:
A Trading Signal is seen in the EURCAD Currency Pair.
Traders can open their Sell Trades NOW
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💡EURCAD Second Chance: Profit=885 SL=60 Reward/Risk > 14.7:1Second Chance Trade Setup summary:
Profit targets=885 = {TP3= 90 + TP5= 325 + TP6= 470}
Stop Loss =60
Reward/Risk > 14.7:1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.5520) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP3= @ 1.5430
TP4= @ 1.5195
TP5= @ 1.5050
SL= Break above 1.5540
--------------------------------------------------------------------------------------------------
Current Status of First Sell:
Total Profit: 640
Closed trade(s): 190 Profit
Open trade(s): 450 Profit
Trade Setup:
We opened 5 Sell trade(s) @ 1.5640 based on 'previous Forecast' at 10.07.2020:
Closed Profit:
TP1 @ 1.5570 touched at 10.08.2020 with 70 Profit.
TP2 @ 1.5520 touched at 10.08.2020 with 120 Profit.
70 + 120 = 190
Open Profit:
Open trade is 1.5490 (current price) - 1.5640 (open price) = 150
3 trade(s) still open, therefore total profit for open trade(s) is 150 x 3 = 450
Technical analysis:
. EURCAD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
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Don't miss the great sell opportunity in EURCADTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.567). 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 30.
Take Profits:
TP1= @ 1.5570
TP2= @ 1.5520
TP3= @ 1.5430
TP4= @ 1.5195
TP5= @ 1.5050
SL: Break Above 1.574
❤️ 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!
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💎 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 do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
BUY EURCADthe price is just on the accending trend line and also in one zone and give one bullish hammer in my opinion it will go up iam in the position
