EURCAD Short From Resistance!
EURCAD has retested a local
Horizontal resistance level at: 1.32305
And we've already seen some
Bearish reaction so a further
Move down is possible
Eurcadsignal
DeGRAM | EURCAD bearish opportunityEURCAD is making lower lows. The trend is bearish on higher timeframes.
Price action broke and closed below the support level which became a resistance.
Look left structure leaves clues.
If price pulls back to swing zone then we can look for sell opportunities.
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EURCAD Local Short !!EUR-CAD broke the rising trend-line
Then went up to retest the broken level and horizontal resistance at 1.31223
From where I am expecting a local bearish reaction
And a move down to retest the target below 1.28979
DeGRAM | EURCAD ascending channelEURCAD is moving in an ascending channel.
The market was rejected at the resistance level.
We might see a pullback from the level.
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EUR/CAD Short...EUR / CAD sell. Dont risk more than 3% of ur account. Dont forget to riskfree ur order after TP1. * High risk
DeGRAM | EURCAD price angulationEURCAD is consolidating at a support level.
Price action usually consolidates at psychological levels.
The market shows a divergence, which means we might see a pullback.
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EURCAD Bearish Bias!EUR-CAD is trading in a downtrend
And the pair broke a key level
Which has now turned into the resistance AT 1.29828
And confirm the DOUBLE TOP form
Therefore, we are expecting a bearish continuaion
After the potential retest of the level
DeGRAM | EURCAD price angulationEURCAD is retesting the resistance level.
Price action was rejected by psychological level 1.32000.
We might see a short-term pullback.
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DeGRAM | EURCAD down channel EURCAD is moving in the downward channel and making lower lows.
Price action broke and closed below the support level of 1.3200, which became a resistance.
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DeGRAM | EURCAD break and close below the levelEURCAD broke and closed below the support level.
It's a simple breakout pullback continuation trade.
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EUR pairs top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURCAD Short: Bearish Engulfing on 1hr at SupportTrend: 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 indicates the price will likely move down from here as it is unable to break the resistance area.
SL: It is placed just above the LH in the chart.
TP1: Placed near the support level.
TP2: Placed at the LL in the chart.
EURCAD - Buy - Support on Higher timeframeprice has channelled down to a strong support area, short term buy to at least to of the channel.
EURCAD - Broken Support EURCAD - Sell
The Weekly major support level has broken amidst unsettling european events. The level should now turn resistance and has already tested it.
Entry: 1.3376
Price has bounced of former support now turned resistance,
Stop: 1.34103
Above the support area, if price breaks through to this area, it'll have taken out previous highs and possibly looking at change of trend.
TP
I have highlighted key profit taking areas, can use a trailing stop and move trade to breakeven when certain amount in profit for risk management.
EURCAD Buy at SupportEURCAD Buy/Long Bounce off Support
Entry: 1.33888 - 134000
1) At support which has held out since end April with 3 previous touches at this zone.
2) Also a historical key support on higher time frames Daily, Weekly, Monthly Chart
Stop Loss: 1.33680
1) 20 pips breathing space below buy zone
Take profit:
Have labelled key zones
can trail stop loss.
DeGRAM | EURCAD price angulationEURCAD went down as we predicted in the previous post.
Price action made lower lows and it's retracing back to the resistance level.
Also, price formed price angulation.
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EURCAD Reaccumulation for long 1.3790#eurcad, 22June daily strong bullish bar, while several inside bars near support 1.3600. price building momentum to burst up to 1.3790.
EURCAD and CADCHF Top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | EURCAD channel EURCAD hit a resistance level, like a wall.
And it's channeling now with price divergence.
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EURCAD Accumulation for long #EURCAD, eurcad weekly accumulation for medium to longer long. Initial target 1.3890 next target 1.4080 that will take time.
EURCAD is bouncing up from the support level!EURCAD is bouncing up from the support level.
Looking back at history we see that 1.339 level is a very significant one as buyers defended this zone several times in the past. Yesterday price bottomed at this level once again. We are not sure how strong this level is to hold price from falling, but taking a closer look at the level we see that the pair printed dojis or spinning bottom candles which suggest weaknesses on the sellers side. Strong bullish candles are seen on lower timeframe suggesting that buyers may be kicking in. I would like to see price crossing above the falling trendline to have some conviction to go long on this pair with short term targets at 1.34980 and 1.35648.
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Trade smart!
EURCAD Triple bottom formation??#eurcad, until hold support 1.3400 may expect forming triple bottom, 1.3560 need to break for confirmation.
