Below we goAll ideas are strictly my interpretation of price action. I am not a professional trader nor are these ideas professional advice.
I will try to update my positions frequently.
EURCAD trade ideas
EURCAD - BEARISH REVERSAL BUTTERFLY PATTERNEURCAD chart in 4h time frame is printing Bearish Reversal Butterfly Harmonic Pattern but there is no any divergence observed yet. But price is at Potential Reversal Zone of this Pattern.
Hence I'm taking short entry with Sell Stop Order on the breakdown of last Higher Low Level with stoploss above at last Higher High level.
EURCAD @ BUYING, Breakout the strong resistance..(READ CAPTIONS)📈🚀 EURCAD Market Analysis: Bullish Breakout and Targets Set! 🎯💼
Forex Traders, a significant update on EURCAD:
OANDA:EURCAD
📈 Bullish Breakout: EURCAD has successfully broken out of a strong resistance level, indicating a bullish continuation in the current uptrend. The pair has also moved past a consolidation range, further confirming the bullish momentum.
📊 Golden Crossover Confirmation: The golden crossover of the 200EMA and 50EMA has occurred, reinforcing the positive trend and providing additional support for the bullish outlook.
🔊 Volume Increase on Buying Side : Accompanying the breakout, there's been a significant increase in volume on the buying side, suggesting strong market participation and backing for the upward move.
🎯 Technical Targets: With the breakout, we are now targeting 1.4830 and 1.4950. These levels are identified based on the continuation of the trend and expected areas of resistance turned support.
📈 Trading Strategy: Maintain a positive outlook on your trades, monitoring the progression towards the target levels. Consider adjusting your stop-loss orders to protect gains as EURCAD advances.
Stay alert and keep a close watch on price action and potential resistance-turned-support levels as EURCAD progresses. Let’s capitalize on this upward trajectory for potential profitable outcomes! 🌟📈 #EURCAD #ForexUpdate #BullishTrend
EURCAD (Bearish)Starting your analysis and mapping out your support + resistances level from a higher timeframe such as the weekly or daily will give you a much better understanding of where price may be heading. Remember, to be able to determine the future more accurately, we must study our past. History repeats itself as they say.
*Always remember to let price action develop and use proper RISK MANAGEMENT*
EURCAD - Sell StopEURCAD - Sell Stop
- Bearish trend to follow after bearish reversal patter
- Take entry if previous HL is broken
EURCAD market maker sell;institution don't want you to know thisEURCAD has been having some couple of consolidation and higher time frame retracement to fill a -FVG on the daily chart. at the repricing to daily institutional reference point we see price give nice strong signature for the possible sell expansion to most likely take out the draw on liquidity(DOL) at sell side on the daily chart. Enjoy the bearish ride the green promising way
EURCAD SHORT
Daily:
- Daily retrace position
- Solid candle close
- Strong S&D zone (a lot of sellers)
- New liquidity has been taken on the daily
and we can see a SoM on the 4H
Weekly:
- S&D zone is with us
- Long term we are bullish, so this can be a very quick in and out trade
4H:
- Bearish MS (possible)
- H&S with BoS (If last 4H candle closes like this)
*After fresh liquidity, bears are kicking in
CATCH EURCAD NEXT BIG SELL MOVE INSTITUTION IS PLANNINGEURCAD has been having some couple of consolidation and higher time frame retracement to fill a -FVG on the daily chart. at the repricing to daily institutional reference point we see price give nice strong signature for the possible sell expansion to most likely take out the draw on liquidity(DOL) at sell side on the daily chart. Enjoy the bearish ride the green promising way
swing entry long in eurcadlets take this entry just using market stracture we have the market bullish
EURCAD Will Go Down! Sell!
Please, check our technical outlook for EURCAD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.478.
The above observations make me that the market will inevitably achieve 1.474 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
5/8/24 - EURCAD SELLpost trade analysis video:
also analyzed/updated 2 other pairs, however, ECAD trade idea presented an opportunity first so i only took 1/3 setup's.
went for a 1:3 RR, aiming for the 15 min demand
trade hit TP ✅
praying for a downfallAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this
professional advice.
EURCADWe can attempt to short EURCAD from LH , also 0.5 FIB , trendline resistance , also bearish divergence occur on 1 hour timeframe indicate that it move downward.
SL , TP mention in chart.
