GOOD SETUP: Entered on the 15m TF, price was above EMA zone, however 30m candle closed just below...will monitor P.A and BE zone - price reacted On and slightly Above only for 15m - strong bullish momentum candle - going for 2RR
EURCAD is making Higher highs, still being a little far from the next Major resistance, so I'm going to try to buy close to the Ascending Daily Trendline as shown by the arrows I drew, the Trendline coincides with the lower recent support so i believe that this support trendline is the perfect place for the Long. I'll update the idea if it gives us the entry we're...
If i Find any confirmation i will go to long this week
this will be my next idea for eurcad it will respect these zone and gonna up if reach stop i will hold sell stop idea
There is nothing more interesting that seeing an impulse and waiting for a retest in a trending market. Formation of weekly demand area (Bullish market), price breaking a resistance to the upside (impulse correction impulse, in a trending market sign of bullishness). All we can do is to wait, and see if there will be any signs of rejection on lower time frames on...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
We have a bullish market structure, where the price managed to make 3 touches of ascendinding trend line and closed above daily support level. Currently i'm waiting for the price to retrace the 1.465 level which is also a 4h-50% of fibonacci retracement tool to take long position after getting candlestick signal for confirmation.
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
After a strong close daily flip for this pair i think it is fair to assume we can now look for a pullback and retest to buy to trade along with the trend. We can wait on the lower timeframe 1h or 30m which ever u are comfortable with trading for pull back One thing to note is to watch how price action plays if it breaks below the zone as we dont know how deep...
EURCAD is in 1h bullish trend so we took entry using fib with the buy limit at .382
We have an ascending channel on the 4H timeframe showing that price has been decelerating as it approached the daily resistance level. We also have bearish RSI divergence. I expect to see a small 40 pip move to the downside.
In this update we review the recent price action in the EURCAD and identify the next high probability trading opportunity and price objectives to target
Hi Traders, the price now above support with stability above 1.44500 level as we see the price broke a middle of correction channel with 0.5 fibo, the genral trend is up we search entry , i think this a good entry
Hello traders! ‼️ This is my perspective on EURCAD . After change of character here I am looking for shorts. We can see a rejection from bearish order block, so I expect bearish price action continuation ‼️Attention!!! Due to the fact that we have news events on CAD next Wednesday and Friday, the analysis can be invalidated. Like, comment and subscribe to be...
Hello, Based on my analysis of the chart my idea for EURCAD is: TREND: Bullish ENTRY: 1.43360 TARGET:1.46294 STOP LOSS: 1.42274
Evidence: 1. MA 200 2. Morning Star 3. RSI Divergence 4. Daily Level 5. Price movie continuously downward 6. Market Structure NOTE: Take this trade after doing your own Analysis this is just an Idea of what I am doing. Do this at your own RISK.
EURCAD 1H TF is currently in a bullish trend, creating higher highs & higher lows. We will take entries as per marking on the chart.
Hi Guys, In all honesty, I thought this trade has been shared. Anyways, if you are still interested, you can join and run with a few pips toward the intraday target. Or, wait for the price to retest the entry zone, then we look for a potential SWING short position there. Stop-loss of 55pips Targeting the Daily MLoMS zone.