SELL ENTRY @1.31340
STOP LOSS@1.31801
TAKE PROFIT@1.30619
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Hello traders. If you find this analysis useful, please support me with your likes and comments. If you have another analysis at this pair, please share in comments, I will be glad to discuss with you. Happy trading!
This is the perfect trade, posted earlier.
Please follow the link below, if interested.
Basically, trading should not be overcomplicated, This is the nice example.
Trade safe!
Hey traders,
Update for EURCAD pair.
As you remember, we spotted together a major monthly structure yesterday.
The price has perfectly bounced from that.
The price managed to break a resistance of an intraday accumulation range.
I am expecting a bullish continuation from its retest.
Targets:
1.32
1.328
❤️If you have any questions, please, ask me in the...
✅EURCAD has reached a support level from which it has already managed to bounce back strongly. now the price has hit the resistance level, from which a correction can be expected, after which it is possible to continue the upward movement.✅
🚀 BUY scenario: long to 1.331.🚀
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Remember,...
#EURCAD waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance...
EURCAD: We have a downtrend for this pair. It has broken a nice triangle pattern and it is going to reach the broken triangle target which I have shown. The first goal has almost reached but still we have another target. For this goal, we have two ways:
1. To follow the red arrow, which is less possible.
2. To follow the green arrow which follows a channel.
✅EUR_CAD broke out of the falling channel
So now we are bullish biased
And a move up is to be expected
Until the pair retests the supply level above
LONG🚀
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Hello,Traders!
EUR-CAD was trading in a falling channel
But then a bullish breakout happened
Which makes us bullish on the pair
Thus making me expect a move up
And a retest of the target above
Buy!
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See other ideas below too!
Trend: The overall trend of the script is downwards. Making a series of LL and LH according to DOW theory.
Support and Resistance: Blue lines indicate the S/R in the weekly time frame while red lines indicate it in the daily and 4hr time frame.
Short Position Justification: Two bearish candles spotted on the LH of the chart, just below the daily resistance which...
The chart above is a quarterly view (3 month candles) of the Euro against the Canadian dollar. IMO the Euro will be weakest against either the Cad dollar or the Australian dollar (both commodity currencies), but it looks like of all the majors it is in the worst position.
EURAUD monthly:
EURUSD monthly
EURGBP weekly
Euro priced in Gold
Currency markets...
