eurcad long trade ideaeurcad is sitting on a strong support! if we look back it failed to break this area! from here i think it will shoot up! disclaimer Trade wisely! its just an idea
Eurcadlong
EURCAD I Correction and Long Continuation FormingWelcome back! Here's an analysis of this pair!
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We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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CAD Daily strength turns to weak sideWhile EUR strength is going to strong side, so Long EURCAD is a reasonable choice, we think the target to be the Supply Zone as shown, good luck!
Retail Money Printers Get To Work! EURCAD Is In A Range Again!Hello My Friend :)
EURCAD is in a range again on the HOURLY TIME FRAME, and although the price movement isn't as "clean" like how I prefer it to be, I would still take it. It might not be an A+ setup, but it can pass off as a B, and if B setups print money too, why sit on it?
Depending on how price moves after it triggers the Limit Order, we might look forward to hit it again.
This trade would be a B setup reason being,
1 - Price has approached the Resistance level marked in Green Line, and has not swiftly came back down in the previous swing.
2 - The 200 SMA is barely below the Horizontal Range on both the Hourly Time Frame and the 4 Hour Time Frame, and both of the time frame's 200SMA is quite flat.
To note, the Red Horizontal Line demarcates the 4 Hour Time Frame's Resistance Level.
OANDA:EURCAD
EURCAD 30M bullishFor EURCAD we see a strong breakout of the previous resistance and now it has become a support for a long position of this pair. There is also the EMA 33 cross over the EMA 200 at 30 min that we also use as an indicator to support this long position. There is also the support of the 0.382 Fibonacci level which the pair respected and indicates a possible long position. For this trade, there is still a degree of uncertainty based on the weakness of the Euro against the Canadian dollar. From our perspective, the next move will determine the trend of this pair for the coming days. GL
EURCAD Long Opportunity with 20R Setup+OB with FVG lying and liquidities lying above
RRR at least 1:20
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EURCADHello Traders Welcome back to another profit day
If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions
Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
EURCAD view with Order block
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Please support this idea with a like, if you find it useful
have a good profit day guys
SUPPLY AND DEMAND - EURCAD (5-11 Dec 2021)MN TF: reacting from Demand (longs)
W1 TF: reacting from Demand but reaching W1 & MN Supply zone
D1 TF:
D1 Demand zone to buy from if price retraces before continuing uptrend to opposite zone
H4 TF:
H1 TF:
2 buy zones identified
continue bullish on EURCADTechnically we can see the bounce back from 1.42560, we had spike bullish candle follow of that beside we break a strong resistance on 1.44690 and now I am expecting a pullback from here and in accordance with incoming volume we can expecting continuing uptrend.
Don't forget the money management.
comments your ideas below thank you(:
Wait for the breakout signal and buying opportunity with EURCADH1 time frame.
Structure: Uptrend.
The price is currently moving in the sideway from 1.44000 to 1.45500 and retesting the Key level of the previous downtrend.
Wait for the price to confirm a rise above 1.45500 and appear bullish continuation candlestick patterns, then you can find buying opportunities.
The profit target is the 1.47700 price zone.
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Wish you all have a good trading day!
EURCAD Channeling Energy For Further Upside MovementOANDA:EURCAD
01122021 2229 + - SGT
Just realised I can't post images, yet.
Hello World!
This is my first time publishing my thoughts on TradingView. Please be kind :)
I entered TradingView and was scanning the chart and I saw that price has made Over Sold at the Stochastics. I then drew the Trend Line connecting the two low points, cloned the Trend Line, and placed it on the upper bound of the current price action. Voila! Found the Upwards Channel.
The price action is still evolving and I do expect all possible kinds of movement that could occur that would null this Upside Channel, and if that is so, we have to look elsewhere.
In the meantime, I am expecting price to hit the upper bound of the channel and fall back around the area where I marked using the RR tool. I am looking for a 2 to 1 RR.
The thin Horizontal line above the channel is an area of resistance that I marked out when I was checking for the overall trend on the 4H Time Frame.
I will update this post in the days to come.
Have Fun. :)
EURCADEURCAD A while ago we analysed the it on 2 days time frame and so far it has been achieved + 380 pips , go and see it below , in short , We are still looking to buy, especially after
A right-angled triangle and a breach of the resistance..expected for the euro cad, a continuation of the rise according to the expected target of the pattern..Stay safe as we move the market with our analysis
EUR/CAD BUY NOW 📉Hello and welcome traders to another trade idea with Fobian
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Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
EurCad can rise above 1.5After a false break under 1.43 support, EurCad reversed strongly on Friday, putting in an immense bullish engulfing on our chart, which engulfs almost 2 months of trading.
1.4450 provides support now and dips towards that zone should be bought.
Bulls target can be 1.5 zone resistance and only EurCad under 1.43 would negate this scenario
Wait for the buy signal to appear with EURCADH4 time frame.
Structure: Downtrend.
Key level at 1.44500 has been broken. The price is forming a retest of this support.
Wait for the continuation of buying pattern to appear, then you can find an opportunity to enter an order with EURCAD.
The profit target is the 1.47500 price zone.
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Wish you all have a good trading day!
EURCAD SHORTS RISKY 📉📉📉Risky entry there, price took out all the buy side liquidity taking out stops on old highs ,,retail resistance,, and also took out stops on weekly high rejecting exactly from 1.45500 psychological area, price left a lot of imbalances bullish that should magnetize price back above 1.43000 / 1.42000.
What do you think ? Comment below ...
Outlook on EURCAD: Bearish play seenOn the H4 time frame, we are seeing a bearish order flow with the break of structure below the H4 low. On the M30 time frame, prices mitigated a key supply zone area where we saw a reversal and a pullback to test its resistance zone at 1.43272, in line with the 78.6% Fibonacci retracement could present an opportunity to play the drop. Stochastic is approaching resistance as well, where we could see a reversal, in line with our bearish bias.
EURCAD - LONG POSITIONCFTC Speculative Net Positions against the Dollar are giving a long bias for both EUR and CAD, but a bigger one for the EUR (0.547 vs 0.410), and that disadvantage on the CAD is even bigger because of falling Oil prices due to geopolitical factors. Bank valuation on this currency pair sits at 1.4320-1.4350 for the next three months, which means that it is quite undervalued at this moment. 25 Delta Risk Reversals for 1 month expiry options shows that the Euro is starting to bite back at the dollar, reducing the diferential between EUR/USD calls and puts since Asia. And because of what we mentioned before about Oil , the loonie is struggling to show its teeth against the dollar, and it has been like that since the eighth, when Puts started to be on a really high demand and volatility rose, increasing even more the swings on the price.
Technicals: Break of the trend, Divergence on the RSI.
FX:EURCAD
Crab Complete 🦀EUR/CAD - Deep Crab Complete on a strong demand level, we have multiple BOS and bullish momentum on LTF, I'm looking to swing this to at least 50% to cover imbalances above/take out liquidity.
Let me know your thoughts!
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
