Price is currently at a point of support where we may see price push bullish to meet our target level. Divergence is evident. Do not risk more than 2% of your equity
BUY @1.53249 STOP LOSS @1.50540 TAKE PROFIT @1.53243 TRAIL @1.51895
EURCAD reversed off its resistance at 1.52899 where it could potentially drop further to 1.52198. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Use arrows as entry points..over all bias is bull..trade smart..be BLESSED
Hello Traders, Bullish Divergence has formed on the EURCAD 8H MACD/Price Chart and the price may begin to rise. The pair is bouncing of a recent support formed around 1.5050 and RSI is also being rejected at a recent support. Thanks for reading. If you liked my analysis, please give me a follow. *The above is not investment advice but simply my analysis of the...
Looking at the weekly timeframe we see after pushing to the upside and closing back above 1.5060, EURCAD has been holding at this zone for weeks. Last week EURCAD had a strong bullish rally back up to 1.538 before falling back down to 1.5060. If structure can hold at this zone we can look for price to push back to the upside, retesting the 1.5532 zone. If you...
The Canadian Dollar thought it was best to play hero,will the Loonie conquer the 1.51775 level? Stay tuned,The market shall tell the tale.
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Depending on your risk profile, may want to wait for more evidence of a solid run up, then enter.
It's around 7 hours to the close of the market week. And I say we go short on the Euro/Canadian Dollar Pair. We might see prices going to as low as 1.5187 from the current 1.5257. With Zero consolidation in between. The Bears seem to be going for the home run. If we take this trade, the Risk/Reward = 1.9 or thereabouts.
If we got breakout of the trendline, we would long the pair. There is a great chance, that price will behave the way we expect.
EURCAD short-sell daily timeframe overbought rsi, bb and demarker in weekly 1.52 price respected resistance 2017 yearly and 1.42 support support 2017 yearly 1.40 price possible for take-profit until next week economic calendar euro weak release and cad strong release Moving averages, macd, macz-vwap and rsi ema crossing for short Strength momentum indicator...
an oppurtunity to buy Eurcad at low risk with high reward Do not forget risk maangement and do proper position sizing before pulling the trigger. If you find this idea useful, kindly like and Follow
EURCAD is trading in channel pattern for a very long time. It may continue to trade in the same pattern for some more time. Price moving down so we might see it will go toward the support line of channel pattern, so the target for EURCAD on the downside is the support line of channel pattern. If You Like Idea Do Follow/Comment/Like For More Quick Update. Note -...
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