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Eurcadshort

EURCAD short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
3
EUR/CAD | Potential Downward Movement 🔨🔨🔨Technical Analysis: The price on the higher time is showing lower lows and highs where it is smashing all the daily supports. Recently, the price posted a correction count toward the resistance (previously support) at 1.4914 USD level. On the lower time frame, the price is forming a bearish pennant, where we expect a breakout to the downside and then a move downward toward the 1.4852 USD mark. ------------------------------------------------------------------------------------- Trade Idea: Sell Limit Order @ 1.4914 Take Profit @ 1.4852 Stop Loss @ 1.4940 Trade Safely 🙂
Short
by Forex-Robot-Nation
2
EURCAD TP1 HIT FOR +60 PIPS! LAST WEEKS RECAP FRIDAYSo our final trade placed on early friday morning was the EURCAD pair. We've watched this position for weeks lining up and we knew it was going to be a big one. We secured huge capital gains in this trade and was very confident that the trade would play into our favour. The pair fell nicely into profits within the first 20 minutes of entering and continued to fall deeper and deeper. Around 3 hours later and our first Take profit target was reached for a total of +65 Pips. We then allowed TP2 to run further until eventually we manually closed out and secured a further +80 Pips before the market closure on friday. This week we have had wining trades and loosing trades but all together we are up roughly +245 Pips for a total of 3 days trading. Last week was a massive week for us here at forexinsihgtsuk and we are now back on the grind this morning looking to continue analysing the markets for the best setups. We stay humble and we move forward. Happy Monday traders. Good luck!
Short
by Forexinsightsuk
EUR/CAD Multi-Timeframe analysis (03/02)Hi Traders EUR/CAD Multi-Timeframe analysis (03/02) H1 Chart (Bearish) Target 2 at 1.52525 has been reached. We closed the remaining 50% of our position and now we are looking for the next opportunity to enter the market. Support & Resistance 1.53327 1.53548 1.53030 1.53833 1.52898 1.53965 H4 Chart (Strong UP) The market is approaching the support at 1.52821 . We are waiting to see reversal signals in order to reinstate LONG positions. Next important support is the 1.52619 level. Support & Resistance 1.52821 1.53124 1.52619 1.53498 1.52092 1.53833 Daily Chart (Strong Down) The market is approaching the resistance at 1.54016 . We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance is the 1.55924 level. Support & Resistance 1.52666 1.54016 1.52092 1.55924 1.51065 1.57096 Weekly Chart (Neutral) The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track. Support & Resistance 1.52666 1.59912 1.50518 1.62060 1.47707 1.64871
Short
by Avramis
2
EUR/CAD Multi-Timeframe analysis (Update)Hi Traders EUR/CAD Multi-Timeframe analysis (Update) H1 CHART ( Bullish ) A medium probability, entry signal to go LONG was given at 1.53623 after the market found support at 1.53317 . Only the downward break of 1.53317 would cancel the bullish scenario. Support & Resistances 1.53328 1.53548 1.53030 1.53735 1.52898 1.53975 H4 CHART ( Neutral ) Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop. Support & Resistances 1.53124 1.53498 1.52619 1.53782 1.52092 1.54414 DAILY CHART ( Strong Down ) Waiting for a retracement higher towards the 1.52666 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.54016 level. Support & Resistances 1.52660 1.52666 1.50744 1.54016 1.47486 1.55924 WEEKLY CHART ( NEUTRAL ) The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track. Support & Resistances 1.52666 1.59912 1.50518 1.62060 1.47707 1.64871
Short
by Avramis
EUR/CAD Multi-Timeframe analysisHi Traders EUR/CAD Multi-Timeframe analysis H1 CHART ( Strong Up ) The market is approaching the support at 1.53258 . We are waiting to see reversal signals in order to reinstate LONG positions. Next important support is the 1.53039 level. Support & Resistances 1.53258 1.53486 1.53039 1.53548 1.52678 1.53719 H4 CHART ( BEARISH ) Conflicting technical signals are indicating towards an unstable market, cautioning us to remain neutral and wait for a stronger trend to develop. Support & Resistances 1.53124 1.53498 1.52619 1.53782 1.52092 1.54414 DAILY CHART ( NEUTRAL ) Waiting for a retracement higher towards the 1.52666 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.54016 level. Support & Resistances 1.52660 1.52666 1.50744 1.54016 1.47486 1.55924 WEEKLY CHART ( NEUTRAL ) The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track. Support & Resistances 1.52666 1.59912 1.50518 1.62060 1.47707 1.64871
by Avramis
1
Short Opportunity on EURCAD (4hr)A short opportunity can be found on the EURCAD (4hr chart), please see rationale below: 1) Long term down trend (Daily chart) 2) Short term down trend (4hr) Black line 3) Recent historical price shows good opportunity to sell near 50 EMA Amber line (4hr chart) Ideal for swing and day opportunities. I could be a little early on the entry. But those who wish to wait for confirmation can wait for price to close below the EMA before entry. Hope this idea helps you gang! Happy Hunting!
Short
by Piphunter1887