This opportunity could be a short one due a week EUR.
MASSIVE LONG!!! - Good for 1500 pips. Here is the Weekly;
EURCAD is position at price @ 1.5612 for a bull run. This is a short term analysis. Overall, we should expect a pullback of price around @ 1.5624 and 1.5636 and if the price closes below @ 1.5636 then our move will be short to the downside with target price @ 1.5509 and price @ 1.5495 I am bullish until the price reaches @ 1.5624 Good Luck Traders.
You can come in now but expecting a retest at the lower zone, safer play is a buy stop at suggest entry price Please do due diligence,
Plan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...
Eurcad has been going down for a while. we can now expect a retracement to the 0.5 or 0.618 on the daily chart. Also, after the market gives a retracement to the o.5 or 0.618 we can expect a big short to the downside. Market has already broken resistance on 4h when the resistance turns into support I am buying eurcad. You can buy there too or use your own strategy...
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Given the last three candles, among other reasons, I think it's likely that the price will break out and start a powerfully ascending trend which will result in the completion of cup and handle pattern here. My suggestion: wait until the breakout and THEN buy. (on hourly time frame there are signs that it has already started it but wait for more confirmations)
I am looking to buy the dip of this current range support of 1.5550 to 1.5562. Trade is very simple, I am looking the buy the bottom of this range which is very oversold and correction to the upside is expected. This trade offers better risk reward than Sell stoping below this support area My take profit would be slightly below 1.5600, roughly 40 pips. Good...
Hello Traders, Here is the Top-Down Analysis of EURCAD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price faced rejection at monthly resistance zone and started moving downwards. Price also completed W pattern. W > Price dropped to test previous resistance now turned support and started a pullback to the upside. Price is...
Hi traders, Keep an eye there for short term buy setup then we have to watch for sell setups. If the price will drop down earlier watch for continuation to the downside.
at EURCAD We can take three long positions with different targets and risks to reward. don't forget risk-free after reaching the first targe
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