LOB entry on EURCAD 15 Mins for a Long position. R:R 2
Hello, as we can see, from a daily perspective EURCAD is in an uptrend, where the price broke above the daily resistance level and then made a corrective move to retest 0.5% Fibonacci retracement around 1.48500, then make another impulsive move to the upside. In 1h, the price was moving in a falling wedge pattern before it broke out of the wedge and closed above...
According to my analysis using the Relative Strength Index (RSI) indicator, there is a divergence present at the moment. A bullish trend would be confirmed once the first LH (Lower high) is broken and the first HL (Higher Low) and HH (Higher high) are formed. As part of my personal trade plan, I intend to enter a long trade with a 1:1 risk/reward ratio....
Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement and then to reject from bullish order block + institutional big figure 1.48000. Fundamental analysis: Next week we have news on...
Looking for a long to monthly resistance @ 1.50500 on this pair if we can break weekly resistance at 1.49400.
Weekly-Bullish Daily- Bullish 4H - Bullish Confluences 1. Break and retest of major key level 2. Break and retest of trendline Take profit 1 - 1.47870 Take profit 2 - 1.49059
fundamentally, we had today US Retail Sales Data that came out negative for the Dollar on the technical side, we had a great pull back on a key level in the 15min: -RSI divergence in the 1h: -hammer on a demand zone in the 4h: -strong trend in the D : -great correction on the 50% fib
EURCAD rallying up continuing its up trend , we got a pretty good opportunity for a buy setup -break of a trend line + retest -correction to the 50% Fib level -on a support zone
i m ready to bullish sl tp in chart if you want to follow risk reward is great
-Bullish flag pattern breakout -AB= CD pattern projection - rising trendline with HH and HL - the price has already retraced 0.618 - head and shoulder formation also confluences with TP1 and TP2. TP3 is an extended TP.
-Bullish flag pattern breakout -AB= CD pattern projection - rising trendline with HH and HL - price has already retraced 0.618
eurcad long idea long view ...eurcad upside view trendline
This is for short term And this is risky too. Please DYOR before entering the trade.
Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: We are here in bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from bullish order block + institutional big figure 1.46000, as well 0.786 level of FIBO which is discount zone. Fundamental...
The price action is in a bullish direction with bullish momentum - bullish flag pattern - HH and HL trendine - AB =CD Projection
Hello Traders, Hope you all are doing good!! I expect EURCAD to go Up after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market...
There is a great opportunity because the price returned from the demand area and there is change of character