Eurcadsetup
EURCAD Market Outlook | Daily Forex Market BreakdownEURCAD
Looking bullish right now, but we have failed to push above resistance multiple times. We need to see how price reacts at the current resistance. If we see a strong break above we could see a bigger move to the upside, that being said if we fail to break above resistance again and we see a hard rejection we could completely melt to the downside. EC is definitely at a make it or break it level right now. Watching very carefully.
EURCAD Market Outlook | Daily Forex Market BreakdownEURCAD
EURCAD is also on our watch list. Right now EC is currently resting on a make it or break it level so we need to wait patent to see if we are going to start climbing to the upside or if we are going to see a strong break and close below the trend line giving us the bearish pressure needed to push down to retest key levels of support. Looking very good keeping a close watch on EC.
EURCAD bounced from support, potential for a further rise!
EURCAD bounced off 1.46003 where it could potentially rise further to 1.46627.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCAD 60MHello Traders!
This has some good potential for
at first a 10 pip move up, then
a 2nd target set at 22 pips.
Best,
Jay
EURCAD approaching support, potential for a further rise!
EURCAD approaching support at 1.46634 where it could potentially rise further to 1.47644.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
More move higher for EURO-CADANALYSIS ON EURCAD
Welcome to my analysis
-
30min CHart
-
Interesting Point of interest In the EURCAD pair.
- Price testing 200 day EMA.
- look for buy signals.
- Expecting some more upward movement.
- Watch 1.47700 for Take Profit (TP).
- MACD showing bullish divergence
Stay Tuned
EURCAD Market Outlook | Daily Forex Market BreakdownEURCAD
Looking very interesting. EC pushed to the upside made a new high then melted back to the downside. I feel we are going to come down further but it is going to be key to wait patiently for a pullback so we can secure a clean entry. Keep in mind that we are still in an uptrend so we need to be cautious.
EURCAD DailyHello traders!
This is a Tag&Go setup long, a buy stop order,
set and forget style is right on the red line at
1.46621
The red circle is the stop and 1st and 2nd
targets are in green up high.
Best,
Jay
EUR/CAD Time to Short! Pink = Important Daily Level, Approached it with some major resistance in the past.
Blue = Trend line to be broken.
Enjoy.
EURCAD 15MHello traders!
This is a Tag&Go setup long, a buy stop order,
set and forget style is right on the red line at
1.46234
The red circle is the stop and 1st and 2nd
targets are in green up high.
Best,
Jay
EURCAD SHORT IDEAI don't usually spend time on complex corrections, but this might be a good opportunity to sell.
Good luck,
Fibz
EURCAD 15MHello traders!
This is a short taken with a sell stop around the 1.45700 area.
The red circle is the stop zone and you can see target 1 and 2
in the green circles below. The 1st target is roughly 15 pips and
2nd is around 30 pips.
Best,
Jay
EURCAD bounced from support, potential for a further rise!
EURCAD bounced off 1.45553 where it could potentially rise further to 1.46122.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCAD 240MHello traders!
With this trade, we want to grab 40 pips between lines B and C. If you look a the
circle on the chart you can see price never reached line A, so the build up needed to
push the T2 level all the way to line C never happened. If you were in the T2 trade,
you would still be in it now cause the stop loss was not hit.
These trades can be taken with a sell stop order as a set and forget setup. There is no need to wait
for price to close, wicks excluded, below line B.
It`s recommended to position your stop no further away than 1:1 RR away from entry, although this
may vary with markets and volatility.
Best,
Jay
EURCAD Analysis: Price may bounce back downwardsThe price has respected a downtrend trendline four times and for the fifth time it looks like it may bounce off too as it has started forming bearish candles. Lets follow it closely and if we confirm a reversal we can go short. Breaking of the trendline will invalidate the setup.
What are your views guys on this? I would like to hear your opinion.
EUR/CAD SHORTEURCAD SELL
ENTRY 1 1.45410
ENTRY 1 1.45360
sl 1.45600
Tp.1 1.44800
TP.2 1.44580
TP.3 1.44300
EURCAD bounced from support, potential for a further rise!
EURCAD bounced off 1.45142 where it could potentially rise further to 1.45661.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
