This pair is still trading inside channel zone and expected a retrace till demand zone and the buy this pair with a small risk and ahead huge rewards minimum 300+ pips Friends support the the idea and dont forget to push and comments Follow us for more updates
Good for 250-300 pips! ... and the Daily
Hey tradomaniacs, welcome to a new free trading-setup. EUR/CAD: Daytrade-Execution Note: keep your risk low in this market. pretty slow and in waiting mode! Sell-Stop: 1,55450 Stop-Loss: 1,55920 Target 1: 1,55045 Target 2: 1,54740 Target 3: 1,54295 Stop-Loss: 46 pips Risk: 0,5% - 1% Risk-Reward: 2,54 LEAVE A LIKE AND A COMMENT - I...
The price could not reach the forecasted TP from the previous short position, unable to break the demand zone, the price has gained some force from buyers changing the previous downward bias. Long entry was filled after the EMA's golden cross and heading towards the TP level around the descending trendline. The order: Type: buy-stop S/L: 21 pips - R:R | 1:3...
Price remains trading within a descending channel. Strong bearish bias continuation allows the setup os a short position to capture the downward movement. Expecting the downtrend continuation after rejection from the EMA allows a sell stop entry to be placed. The order: Type: sell-stop S/L: 44 pips - R:R | 1:3.4 - T/P: previous resistance level -- *** If you...
Tre price action has been trading within a channel. Without breaking through the demand area, we could expect a temporary upward movement towards the channel's resistance level. Long entry buy-limit type, getting filled after confirmation of a retest of the confluence zone. The order: Type: buy-limit S/L: 34 pips - R:R | 1:2 - T/P: Fib exte level -- *** If...
Another Euro pair under the bears' control, but in this case, more structural with the price structure, getting rejected by FIB levels and bouncing from the 50EMA in a clear downtrend. Expecting that the price create the new downward impulse it will fill a short entry with the following elements The order: Type: sell-stop S/L: 75 pips - R:R | 1:3 - T/P: ...
With the Euro under sellers pressure, currently under a correction, we could expect the pullback towards the Fib golden level for further bearish continuation. The current price structure allows the setup of entry at the confluence level, where the Fib level encounters the descending trendline. The order: Type: sell-limit S/L: 100 pips - R:R | 1:3 - T/P: support...
Price was able to manage the breakout of the ascending trendline, with the EUR showing seller bias across the board and the AUD buyers' preference. We can be in the presence of the re-test of the broken trendline for a downtrend continuation towards the support area of the channel pattern; this allows the setup of a short position. The order: Type:...
Hey tradomaniacs, looking at EUR/CAD we can clearly see a great chance to buy as the market recently brfoke out of its correction and is now close to the lower trendline of the trandchannel. Current rejection shows bullish interests and could boost the price soon. Keep in mind that market can be shaky due to ECB and FED Monetary Policy Meetings this week. ...
After the false breakout from the resistance level and retest of the descending trendline, price action is under a clear bearish momentum, getting back into the channel pattern. Expecting that the price heads towards the support level from the channel allow the setup of a short position with the following features. The order: Type: sell-limit S/L: 25 pips - R:R...
ENG: - EURCAD might be forming a retest at our supportive zone (ex), all the setups are described at the analysis. PT: - EURCAD a formar um possível retest na nossa ex zona de suporte, todos os setups possíveis estão descritos na análise acima.
Price action had a bearish H&S pattern previously. However, it manages to break the previous high form the left shoulder, signaling a change on the trend. Now heading towards the broken supply zone, a buy position at the ascending trendline is placed. The order: Type: sell-limit S/L: 50 pips - R:R | 1:2.5 - T/P: previous high -- *** If you like the idea, don't...
This pair is forming an unbeatable H&S pattern for bearish confirmation. Reaching and getting a rejection from resistance at D1, creating a double top from the weekly domain give enough evidence to the downward movement to be experienced in this pair. Further confirmation before a short order is required, such as break and re-test of the supply zone (pattern...
In the weekly domain, the price has recently reached a physiological resistance level. Recording a strong rejection from buyers that weren't able to push the price to a new high. That rejection has formed a double top pattern signaling a strong bearish momentum towards the pair. Now checking into H4, a short entry confirmation is expected as a pullback from the...
Price action managed to find support and avoid the bearishness previously forecasted, currently supported by a confluence zone where descending trend line and support met. If the current zone manages to avoid a breakout, it will give a bullish bias to the pair with a beautiful R:R ratio as the price could reach new high at the next resistance level, a long entry...
After breaking through a higher timeframe resistance level, the price shows some diminished bullish momentum, a pullback toward the resistance from the flag formation could be an exceptional level for the correction. If price reached that level, we could expect a bullish continuation to previous swing high levels. The order: Type: buy-limit S/L: 45 pips - R:R |...
Since the Euro dropped from above 1.53500 level in late June 2020, it finally pushed above this Key level this last week coming from a Double Bottom and bringing prospective opportunities to the table for Buyers in the following week(s). Tendency: Uptrend ( Bullish ) Structure: Double Bottom | Breakout | Trendline Observation: i....