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Eurcadanalysis

eurcadEURCAD - Long Why are we entering? - Expecting CAD weakness & EUR strength = EURCAD Long - Keep looking for buys everytime price goes to the bottom What are we waiting for to happen? - Bounce off the bottom - CAD index to become bearish and EUR index to turn bullish What is our confirmation? - CAD index to continue reversing Entry No Safe Entry. Risk Entry: Bounce off the bottom Once entered, where will our Stoploss be? - Below the lows Where do we take profits? - First TP: 1.472 - Second TP: 1.5
Long
by Elrouby
3
eurcadEURCAD - Long Why are we entering? - Price is in a descending ABCDE wedge and we are approaching the weekly structure level (1.43) - Expecting CAD weakness & EUR strength = EURCAD Long - Keep looking for buys everytime price goes to the bottom What are we waiting for to happen? - Bounce off the bottom - CAD index to become bearish and EUR index to turn bullish What is our confirmation? - CAD index to continue reversing Entry No Safe Entry. Risk Entry: Bounce off the bottom Once entered, where will our Stoploss be? - Below the lows Where do we take profits? - First TP: 1.472 - Second TP: 1.5
Long
by Elrouby
10
EURCAD (1HR) OUTLOOKLooking at 1H TF of this pair, the momentum does not look weak, hence suggesting that price might go into consolidation for a couple of hours before turning back up. and there is a possible trap for buyers so i suggest we stay woke with our SL levels. Here is what am thinking (for Educational Purposes only):- BUY: Between 1.43563 and 1.43200 SL: 1.42901 Target 1: 1.44444 Target 2: 1.45535 Target 3: 1.46467 Risk Management: 2% max!!!‼️ PLEASE LIKE, COMMENT AND FOLLOW ME 🙏🙏🙏🙏🙏🙏
Long
by Kingsley_lotanna
4
EURCAD - is this turning bullish? 05 Nov 2021Is the bearish trend coming to an end? I have no idea, but I do know that: - 1.4300 is a solid S/R area - price has been consolidating in a tight structure since 13 Oct. - the bears made at least 2 major attempts to break below but failed. - we seem to have made a higher low and for now the price action seems restricted to the top half of the structure. Ideally a break above this corrective structure followed by a pullback would be a signal to take a long trade. If price gets there, I would also consider taking a long at the bottom (1.4300) with a tight stop loss. Before that happens, I will be monitoring the price action on the H4 chart, to try and determine if the bulls or bears are likely to take control of this market. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
Long
by Trading_Vista
2
EurCad- Do we have a bottom?EurCad is in a downtrend for 15 months now, with the price dropping 1700 pips, from 1.6 to 1.43. At the beginning of October, the pair has made an important break under 1.46 support and dropped pretty fast to the up-mentioned low. At this moment looks like EurCad is preparing to test the new 1.46 resistance for confirmation and traders can look to buy dips against 1.43. I'm bullish EurCad in medium-term and I will remain so as long as the price is above 1.43
Long
by Mihai_Iacob
6
Trade idea for EUR/CAD. Short and long.Expecting a rise in volatility with the upcoming rates announcements with BOC and ECB. Will consider long position should price break and re-test current resistance. Will consider short position should price break and re-test current support. Expecting moves to previous supports respectively. Will not enter a position if the price continues to stay within the current support/resistance zone until after the announcements. R/R both directions ~2.5 Risk - 1% Buy the rumor, sell the news. Stay safe and stick to your plan. Best of luck!!
by Emerald_City