looking for buying as long as price has tested the support
Looking For A Downward Continuation With EURCAD First Possible TP: 1.5337 Area Second Possible TP: 1.53274 Area Third Possible TP: 1.53108 Area
EUR - BEARISH 1️⃣ Concerns over rising COVID-19 cases, fresh lockdowns and the slow pace of vaccination. 2️⃣ EUR slid after ECB President Lagarde said earlier on Wednesday that the central bank is closely following the performance of the exchange rate. CAD - BULLISH 1️⃣ Rallied in oil prices support the commodity-linked currency the...
EUR - BEARISH 1️⃣ Concerns over rising COVID-19 cases, fresh lockdowns and the slow pace of vaccination. 2️⃣ The European Central Bank's economic bulletin showed that Euro Area economic indicators pointed to a fourth-quarter economic contraction. 3️⃣ The bloc's consumer prices remained in deflationary territory in December, while retail trade in November fell more...
EURCAD has rejected this resistance level several times these past few weeks. We can expect another rejection from level 1.57400. However, if price continues to act volatile at this key level there can be a possibility for a breakthrough. thoughts below
If in that area you identify a pattern in 4H, then try to sell
I will be looking to trade this pair on its intra day bullish structure break to the upside with a limit set for shorts at point of TP and trading AFP from there. Longs R:R 1:4 Shorts R:R 1:6 Total 10-20% based on risk.
EUR/CAD SELL Hello Traders 👋If you find this analysis useful, please support me with your likes and comments. SL 1.55955 TP1 1.54646 TP2 1.53524 If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
The counter has broken its near-term bullish trendline. Then it formed a head and shoulder pattern and has broken down the neckline as well. Hence, we expect the pair to be bearish in the near-term.
We managed to see price level retesting the 23.6% fib level and now showing signs of BEARISH continuation. I will be expecting EURCAD to move towards the support level where 38.2% fib lies. Further confirmation will be determined after this movement. As of now, this is a good short term trade opportunity. Kindly hit the LIKE Button if you agree with my analysis...
lazy to explain just look if u know the strat and take it if u would like to , 1-3% risk per trade
Harmonic Pattern - Short Large bearish engulfing candle confirming the pattern validity. Classical approach take profit at 38.2 & 61.8 AD retracement. Alternatively you can use resistance levels and/or moving averages as TP
Nice Sell opportunity on EURCAD, Daily Chart. We have a Wolfe Wave pattern with a good Risk / Reward
SELL EURCAD STOP : 1.57958 TAKE PROFIT : 1.55729 IF YOU using trailing stop use 810 have nice day my friends cheeer thomas
Don't really trade the Christmas break, but this year with the lockdown has got me stuck at home looking to take this cheeky short.
- Clear support and resistance - Historical resistance which price has consistently rejected - 1:4 RR