===== MARKET OUTLOOK ===== EUR - BEARISH 1️⃣ Eurozone preliminary GDP for Q1 of 2021 show the bloc is still in recession despite a little better than expected data. The bloc entered a double-dip recession in Q1, as COVID-19 lockdowns continued to hammer the services industry. CAD - BULLISH 1️⃣ Bank of Canada leaning towards a more hawkish message such as CAD....
EURCAD is currently at a high probability reversal ZONE. We are expecting the pair to move bearish from the current ZONE. This could potentially make a decent return on investment. The trade is supported by a number of technical and fundamental analysis. Risk vs Reward: 5:1 Good luck! *Updates to follow!
Hey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation! EUR/CAD: Day-Swingtrade-Preparation Market-Sell: 1.49560 Stop-Loss: 1.50490 Point of Risk-Reduction: 0.71920 Take-Profit: 1.47350 Stop-Loss: 90 pips Risk: 0,5% -1% Risk-Reward: 2,50 LEAVE...
Hi Traders, This is my view on this pair for the next few days. #EURCAD SELL 1.50195 SL 1.5047 TP 1.4939 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to...
IM GOING SHORT ON THIS MARKET , DUE : - RSI DIVERGNCE ON 15 MIN - BROKEN RESSISTANCE - 0,61 FIB RETRACEMENT CONCULSION : BETTER TO YOU TO FIND SHORT ENTRY BUT KEEP ON MIND THE REVERSAL , DUE THE SOLID TREND & THE H&S PATTERN !
Price is approaching our support where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure as well.
Morning traders, happy Wednesday, hope your all having a good week. The entry price, stop loss (in pipettes) and take profit are shown on the chart itself. Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress. My name is Al, I'm 40 and from the UK. I've been trading for a few years, my...
Eur/cad is dropping after reaching the top of the channel. So, expecting a decline to the support line. This is a good sell opportunity for the short-term traders
Price has just seen a bearish breakout from the ascending trendline support-turned-resistance, and is now holding below the descending trendline resistance. We could potentially see further downside below the 1st resistance, in line with our 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal pullback resistance, towards our 1st support, in line...
Here are my Technical Analysis for EURCAD I expect the price to touch the resistance line and continue its fall down journey, This price predication will be terminated if it breaks resistance line.
A short move to the upside in london session but converges to the downside moving the instrument further down. If the resistance trend line breaks then structure is amended unless it's a fakeout then my bias still bearish. Good luck Traders.
Price is holding below the moving average resistance, showing bearish pressure in line with our bearish bias. We could potentially see price reverse at our 1st resistance, which is in line with our 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal pullback resistance, and face further downside towards 1st support, in line with our 50% Fibonacci...
💹EUR/CAD ⏬SELL @ 1.49853 ✅TP # 1.49317 ⛔️SL 1.50186 📊 Risk Ratio 1:2 📊 📊 Trade Accuracy 70% 📊 📊 Follow Proper M.M & Use S.L 📊 Hello Traders, here is the short analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied.
Price pretty much overextended for EURCAD. It reached 361.8 fibonacci expansion and then made a shooting star candle. Overall EURCAD might make another wave to the upside but before that we might see some downwards movement first towards 1.4900 area. I will try selling EURCAD if it touch 1.5000 Sell EURCAD 1.5000 Stop loss 1.5045 Take profit 1.4900 (2.2R) Use...