EURCAD trade ideas
EURCAD: Pullback From Support 🇪🇺🇨🇦
As we discussed on a live stream, EURCAD may bounce from a key support.
The price formed a double bottom pattern on a 4H time frame
and closed above its neckline.
I expect a pullback to 1.4745 level.
❤️Please, support my work with like, thank you!❤️
EURCAD Will Go Lower! Short!
Here is our detailed technical review for EURCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.472.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.470 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
EURCAD | buy to sell bias |on this EURCAD trade , im looking to buy at the fill of the gap and sell at the daily / 4h supply zone.
EURCAD Trend AnalysisIt sounds like you're analyzing a currency pair or another financial instrument where the price has been testing a key support level around 1.4600 multiple times. Here's a breakdown of your analysis:
Key Support Level (1.4600):The price has repeatedly tested this level but hasn't managed to break below it decisively. This suggests that buyers are stepping in whenever the price approaches this area, indicating possible strong buying interest or support at this level.
Market Dynamics: Each time the price approaches 1.4600, selling pressure builds up, but buyers have been able to absorb this pressure, preventing a significant breakdown below the support level.
Technical Breakout: You mentioned that the descending channel has been broken. A breakout from a descending channel is often seen as a bullish signal, indicating a potential shift in momentum from bearish to bullish.
Trading Opportunity: According to your analysis, if the price retraces back to around 1.4683 after breaking the descending channel and undergoes a correction, you are considering a long trade. This strategy aligns with the idea of buying after a breakout and subsequent pullback to a key support-turned-resistance level (1.4683 in this case).
Trading Plan:
Entry: Look for a long entry if the price retraces to around 1.4683.
Stop-Loss: Set a stop-loss below the recent swing low or below 1.4600, depending on your risk tolerance and the structure of the price action.
Target: Set a target based on your risk-reward ratio. This could be based on the next resistance level or a Fibonacci extension level, considering the potential upward movement after the breakout.
Considerations:
Confirmation: Wait for confirmation that the price is indeed retracing to 1.4683 and showing signs of a correction before entering the trade.
Risk Management: Always manage your risk by using appropriate position sizing and placing stop-loss orders to protect your capital.
Market Conditions: Stay updated with market news and events that could affect the currency pair or instrument you are trading.
By following your trading plan and considering these factors, you can potentially capitalize on the breakout and subsequent correction in the price action of the financial instrument you're monitoring.
EUR_CAD RISKY LONG|
✅EUR_CAD fell again to retest the support of 1.4686
But it is a strong key level
So I think that there is a high chance
That we will see a bullish rebound and a move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
EURCAD @ Fib 0.5After a significant rise, it seems that now is the time for a correction, supported by the candle shape which is starting to shrink.
A correction can be confirmed if the H4 candle shows a bearish candle and breaks the mother candle.
Sell Stop: 1.47391
SL: 1.47671 (28 pips)
TP: 1.46691 (+2.5)
EURCAD Ascending channelEurcad is currently in ascending channel price is making higher highs and lower highs, price has completed correction and know again rising buying is recommended with a stop loss just below the previous higher low
EURCAD ''Who is ready with his parachute''As expected, we waited for a return of the price to the broken channel support area after breaking out of the channel and now price is falling after finding resistance in that area.
Also, there's a GAP calling for price to come fill.
A good sell entry upon proper confirmation and risk management would bring home the bacon.
Cheers!
EURCAD: Hourly: ShortIt was in uptrend
Trend line Broken and Higher low broken
Divergence Present and Bearish Engulfing candle
EP:1.47246
SL:1.47630
TP:1.46802
EURCAD BUYThe market is currently testing the current structure which is forming a divergence on the DAILY TF. Based on price action, the market is forming a reversal chart pattern on the 4HR TF.
We could see BUYERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
EUR_CAD RESISTANCE AHEAD|SHORT|
✅EUR_CAD is going up now
But a strong resistance level is ahead at 1.4780
Thus I am expecting a pullback
And a move down towards the target at 1.4733
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
EURCADWhen using Ichimoku Cloud, the Selling crowd has started forming. the lagging has just gone under the crowd, confirming a sell at the current market price. hoping to sell till 1.45500
EURCAD: Expecting Bearish Continuation! Here is Why:
The price of EURCAD will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
❤️ Please, support our work with like & comment! ❤️
EUR/CADAfter hitting 1.4600, the price has pressured this area several times to break this support, but buyers have entered the market and the selling pressure has been released a little, and the descending channel has also been broken, and now if the price returns to the area 1.4683 and price correction, we can look for a long trade .
EURCAD bearish play
Despite the recent bullish momentum on EURCAD, it doesn't yet look convincing for bullish accumulation. Our Elliott Wave count suggests we may see another leg down before any significant accumulation occurs.
Stay tuned!
EUR/CAD SHORT EUR/CAD SHORT " break of structure + 72%fib retracement + 200 ema dynamic resistance + supply zone "
EURCAD is BullishPrice was in a strong downtrend, but now the bears have woken up and seems like that they have won back the control of the price action. First higher high is printed which according to Dow theory is the first sign of bullish reversal. If this higher high is broken we can expect a bullish rally. Targets are mentioned on the chart.
EURCAD EURCAD is showing Bullish divergence at AB=CD PRZ place a buy as it will break its Last LH WITH Trendline
EURCAD Next Move PossibleMarket is on its extreme POI and a sharp move can be predicted to the downside but it will be more confirmed after the structure shift in lower time frame so proper signal will be shared in our #PREMIUM
EURCAD Next Move PossibleMarket is on its extreme POI and a sharp move can be predicted to the downside but it will be more confirmed after the structure shift in lower time frame so proper signal will be shared in our #PREMIUM
EURCAD short - scalpEURCAD short. Price might just fall here. We already created a resistance on H4 that is retesting, if it break price might go to our entry. Otherwise price looks like a short
EURCAD LEGIT SETUPShort sell, short buy, big sell
SELL LIMIT AT 1.47087-1.47147
BUY LIMIT AT 1.46536-1.46305
SELL LIMIT AT 1.47318-1.47546
