Longs on EURCAD FROM 1.5009low risk, high reward trade that i will most likely take and even add position if it approaches my SL and might adjust SL by a fraction.
EURCAD trade ideas
Accumulation, Manipulation and DistributionPrior to overcoming the 4-hour rejection block, price formed a consolidation phase, indicative of accumulation. This was followed by a volatile bullish move that successfully mitigated the rejection block, entering a manipulation phase.
Subsequent price action led to a displacement, clearing the swing. Currently, we observe a bearish sentiment, anticipating a corrective hike to fill the imbalance and respect the fair value gap at 1.51200. The fair value gap shall be our entry with the demand zone at 1.50200 as the target from this expected distribution phase delivery…
eurcad sell alertmy honorable prespective on eurcad my reason for a sell is simple, keep things simple this my philosophy. from my strategy stand point i recive a sell signal , now the higer time frame and the lower time frame are together so this engulf confirmed my entry, so am i for a sell with a risk reward of 1=2
EURCAD SHORT EURCAD Set-Up
Bearish Arguments:
Monthly PCH is being respected
Monthly Bearish FVG being respected
Monthly swing high has been swept
Weekly swing high is being respected
Daily Bearish FVG is being respected
Daily swing high is being respected
4H swing high is being respected
Bullish Arguments:
Weekly swing low is being disrespected
Daily swing low being respected so far
4H Bullish FVG being respected
4H swing high being respected
As observed, the bearish probability is around 70%, while bullish odds stand at 30%. For this reason, risk management is crucial.
Trade Management:
Stop-loss placed at the short-term high.
First TP set at SellStop. Once this level is reached, move the SL to break-even (BE) and hold until the final target is reached.
Risk-to-Reward (RR): 2.45
Risk: 2%
EURCAD: Bullish Outlook ExplainedLast week, EURCAD touched a significant rising trend line on the 4-hour chart.
Despite the market consolidating in a horizontal range for a while, this contact with the trend line propelled the pair upward.
The market then broke and closed above the range's resistance.
I anticipate that the pair will continue to rise, with a target of 1.5123.
EURCAD Daily: last breath for the EUR???EURCAD Daily: The uptrend seems to be in place due the HH and HL since last June but we can see some consolidation from August. With the price currently trading above the EMA(21) can suggest a possible upward continuation with the possibility to a re-test of the 1.52278 High from August. If the price continues above the EMA(21) we may see an increase in the bullish momentum taking the price to a new high.
The cross around the 50 level on stochastic tells me a possible bullish move to get the overbought level.
On the Fundamental side, the EUR is not doing well due the high inflation in the EUR zone. Also all eyes are on the ECB signals with a possible pause in rate hikes. On the Lonnie side the strong oil prices helps the CAD to get strength so any increases on that can change the whole scenario here.
EURCAD: Bullish Outlook ExplainedLast week,📈EURCAD reached a major rising trend line on a 4H chart
Even though the market was consolidating with a horizontal range for some time,
the touch of the trend line pushed the pair to the upside.
The market broke and closed above the resistance of the range.
I believe that the pair will keep growing.
Goal: 1.5123
Applied Simple wyckoff Theory on eurcad
Wyckoff Method:
Distribution Phase: This is the phase where the market is in a sideways range (consolidating) before a potential downward move. The distribution typically occurs near market tops. the distribution phase could be identified around the price levels of 1.51400 to 1.51000. We can observe a potential distribution as the price makes repeated attempts to break the high but fails to do so consistently.
Markup Phase: This phase refers to a clear bullish move after accumulation or a consolidation phase. the markup likely started from 1.50200 to 1.50800, where we see a significant bullish rally. This is indicated by strong green candles after a series of pullback.
There's a noticeable spike in volume around 1.50400, which supports the idea of a breakout or a reversal.
A volume increase at highs (around 1.51000) indicates potential exhaustion, signaling distribution in the Wyckoff method and liquidity targeting in ICT.
If you're looking to trade this, it seems you're nearing a key decision point at 1.51000 (potential distribution/liquidity grab). You can wait for a clear break above for longs or failure for short.
If breakout above 1.51500 with strong volume: Look for a buy.
SL: Below 1.51000.
TP: First at 1.52000, and extend based on momentum.
If rejection at 1.51500 with high volume: Consider a sell on reversal.
SL: Above 1.51800.
TP: First at 1.50800, extend to 1.50400 if selling pressure increases.
BUY EURCADEURCAD is currently bullish on 4hrs TF, and it has bounced off from a 50ema on a daily TF. So i'm looking to buy up to 1.51500 price level
EURCAD last Day of SeptemberEURCAD trading opportunity for Monday to Wednesday . Start your analisis use H4 and H1
EUR/CAD Daily AnalysisEUR/CAD is moving within a daily range between 1.4900 and 1.5150.
There have been multiple rejections of each level, the most recent being in mid September with price reversing at 1.5150 after spending 4 days testing the level.
There is a potential that price will head back towards the bottom of the range again.
Look for sell setups that meet your strategy rules if you agree with this analysis.
EURCAD - Swing trade Hi, everyone! EURCAD has shown impulse momentum and a bullish uptrend on the 4-hour time frame. A retest at the imbalance might occur, potentially leading to a continuation of the bullish trend. Below is my trade idea, but make sure to conduct your own analysis before making any decisions.
Buy limit order
Buy Entry - 1.49700
SL - 35pips, 1.49350
TP1 - 35pips, 1.50050
TP2 - 70pips, 1.50400
TP3 - 105pips , 1.50750
EURCAD Trading Opportunity! BUY!
My dear subscribers,
My technical analysis for EURCAD is below:
The price is coiling around a solid key level - 1.5011
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.5071
My Stop Loss - 1.4980
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURCAD - Sell SetupEURCAD is creating Bearish Rectangular Pattern (Continuation pattern)
Entry point on the break of Rectangular Pattern.
EURCAD FORECASTThis is looking good guys and I have covered a lot in the video kindly watch this forecast to see how I look tis pair today.
Heading into 61.8% Fibonacci resistance?EUR/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.50935
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.51551
Why we like it:
There is a pullback resistance level.
Take profit: 1.50226
Why we like it:
There is a pullback support level.
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EURCAD BUY EUR CAD seems quite bullish with the structure of the market in an up trending structure from a daily perspective we have a pullback now expecting a continuation to the upside, from a fundamental perspective the EUR is stronger than the CAD as the CAD is showing signs of weakness based on recent CPI data, In addition based on evaluation of currency strength the EUR currency pairs are trending up adding confluence of strength to the trade. We have also crossed the 200 ma on a 4h perspective so as such expecting a continuation of the trend to the upside.
EURCAD - Upside move !!Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect bullish continuation to fill the imbalance higher after price rejected from trendline + level 1.50000.
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EURCAD💡Hello everyone, EURCAD chart analysis The price is moving in an ascending price channel. The price is now testing the lower border of the channel. The MACD indicator shows declining selling momentum. We move to a lower time frame and look for a buying opportunity⬆️
⛔It is not investment advice, for educational purposes only.
EURCAD BULLISHAccording to my analysis the price will break resistance level 2 and continue bullish trend
EURCAD for a sellfrom my strategy stand point am in on eurcad for a sell, and am seeing it sell for the next 2 hours
1. first from the overall movement we are in a downtrend, so with that bias, i am seeing this newyork secession as a continuation, of the trend to the downward side.
2, I confirmed this buy first, on seeing the clear on liquidity, and also the evening star candle pattern that formed on the 15m, chart. that was my confirmation.\
so lets go, Ricch emire in the building
#EURCAD 1HEURCAD (Euro / Canadian Dollar)
Timeframe: 1-Hour (1H)
Pattern: Expanding Pattern
An expanding pattern, also known as a broadening formation, has been identified on the 1-hour chart of EURCAD. This pattern is characterized by higher highs and lower lows, indicating increased market volatility and indecision. The expanding pattern shows that both buyers and sellers are pushing the price in opposite directions, but with increasing momentum.
Typically, an expanding pattern suggests that a breakout in either direction may occur, but the broader outlook is leaning towards an upward breakout in this case.
Forecast: Buy
The current forecast indicates a buying opportunity, as the price is expected to rise from the lower end of the expanding pattern towards the upper resistance level. This suggests potential gains as bullish momentum builds.
Technical Outlook:
Support Level: The lower boundary of the expanding pattern, where buyers are expected to enter the market.
Resistance Level: The upper boundary, which could be a potential target for the price to reach.
Key Levels to Watch: A breakout above the recent highs would confirm the bullish outlook, signaling further upward momentum.
Look for confirmation through bullish candlestick patterns or volume increases near support to validate entry points.
Stay alert to economic data and oil-related news that might influence the EURCAD pair, as CAD often reacts to oil price changes, while the Euro is sensitive to broader market sentiment.
