Euro / Canadian Dollar

FXCM

EURCAD

The price can bounce again from the Support/Resistance Zone. We can open Buy in Zone with low risk.

EURCAD is approaching significant demand zone. The market is currently trading within the falling wedge pattern. If bulls break and close above the resistance line of the wedge, for us, it will be a perfect signal to long the market. Stop below the lowest point of the wedge. T1 - 1.485 T2 - 1.495

GO LONG

market wicks and selling momentum here + key levels in play.

Potential double bottom at key support structure below (Orange zone). Will be watching for a breakout of the counter trendline for price to make its way back to the upside.

As described

trade active

EURCAD waiting break out the channel, if breakout than buy

1.47495 has acted as short term previous support in the past if prices can come down and retest it now, it can provide another buying opportunity

Trading Idea: Short Wait to Cad Event.. Good Luck .

EURCAD possible long

eurcadbuy

Venta porque esta chocando con un KEY LEVEL SEMANAL

EURCAD played out smoothly accordance to technical analysis. First take profit banked , currently another half lot waiting for a possible reach towards H4 support level (1.47135 ) Future movement, Buy limit@ 1.4714 SL 1.4700 TP 1.4738 If it breaks H4 support level (1.47135), set a counter-order of twice the lot size, Sell Stop @ 1.4704 SL 1.4725 TP 1.4673

Hey everyone. Today I analysed EURCAD and we can see potential head and shoulder and we have really good risk/profit reward. Also we can see RSI divergence and it proves us the potential movement down Our plan is: SELL LIMIT - 1.47534 STOP LOSS - 1.47701 TAKE PROFIT - 1.47193

similar scenario to USDCAD we are also on our way to hit tp.

Entry @ 1.4756 SL @ 1.4797 TP @ 1.4709

Bias:Down Below R TP:Previous S