EUR-CAD
EURCAD for a new low 🦐EURCAD is on a long downtrend, the market found support over the 1.48 area after a retracement to the 0.618 level.
According to Plancton's strategy if the price will break below we can set a nice short order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURCAD 5TH WAVEFifth wave soon come, break of the level will continue spilling downwards to make target at the -61.8 level
EURCAD: Back to Bearish Trend
hey traders,
It looks like EURCAD is returning back to a long term bearish trend.
After a local consolidation from the beginning of March, the price finally breaks a current low, setting a new lower low on 4H.
Now I expect bearish move to 1.4722
For entries, consider the local area between a falling trend line and a broken structure.
Please, support this idea with like and comment.
EURCAD: BUYEURCAD has hit a monthly support area. Therefore, expect a nice BUY entry on this pair when market opens this week.
Enter your order around 1.48326 and 1.48675 , set your TP between 1.49719 and 1.50052 .
EURCAD POSSIBLE DOUBLE BOTTOMTHERE IS A POTENTIAL DOUBLE BOTTOM FORMING FOR EURCAD I HAVE PLACED A BUY STOP MARKET NOISE ABOVE THE NECK LINE AND STOP LOSS AT THE PREVIOUS LOW>
EUR/CAD Long Term Bearish ViewGood morning traders, today we bring you our analysis in the Weekly chart of the EUR/CAD pair, which is practically in free fall.
🔸The price was in a strong ranging process, which lasted about a year.
🔸Clearly, it was a process of distribution, which now started a sharp decline, breaking the Ascending Trendline.
🔸Our vision is absolutely bearish, and definetly we will NOT look for a reversal in the short term, unless it is a very low timeframe trade.
🔸The next support zone is around 500 pips, which was the 2020 low.
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!
EURCAD possbily see a bounce?Bounce at 1.505 area? If it breaks and fails to hold,likely more down side.
Bias still down even if retraced.
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
Key Level Trade SetupThis is a really good key level trade setup. We are sitting on the strongest level on the chart: the monthly.
Since there is a bearish engulfing that formed on the weekly. Pretty sure we're going to go up this week to retest it around the 1.52359 area to retest before continuing down.
BULL TPS:
• 1.50871
• 1.51494
• 1.51918
• 1.52278
BEAR TPS:
• 1.50533
• 1.49638
• 1.48699
• 1.47279
EUR/CAD EURCAD consolidates in a sideway channel after an upward impulse. The support level will be tested soon.
Best regards EXCAVO
EURCAD: Important Breakout & Bearish Forecast
EURCAD finally broke below a strong support cluster on 4H.
The candle successfully closed below the structure.
Taking into consideration that the trend on the pair is bearish,
I expect a bearish continuation.
First goal - 1.516
EURCAD is approaching resistance, potential reversal |4 Mar 2021Price is approaching resistance where we could see a reversal below this level.
EURCAD - Trend Reversal ImminentEURCAD is ripe for reversal as it is at the bottom of the major channel. For confirmation, await a break of the descending trendline and a retest.
See links below for further charts relating to this idea.
Trade Safe!
EURCAD - Trend Reversal Imminent EURCAD is ripe for reversal as it is at the bottom of the major channel. For confirmation, await a break of the descending trendline and a retest.
See links below for further charts relating to this idea.
Trade Safe!
EUR/CAD On a Critical Support - What to expect to trade?Good morning traders, today we bring you our daily chart analysis of the EUR/CAD, along with a short-term explanation to know what to expect to trade this instrument.
🔸As we can see, this pair has not been on a clear trend for some time, and at this moment it is facing a strong demand zone.
🔸From here, we can consider two visions.
🔸The first, in case of a bounce to the upside, we can consider a possible movement in that direction towards the resistance zone.
🔸And the other is, in case of a bearish break of the support zone, we can consider a movement in that direction towards the next support zone.
The question is, how do we trade this movement?
🔸As we see in the image we will expect the following behaviors, break of the support in case of the bearish trade, and break of the channel in case of the bullish trade. Once these moves occur, we will wait for a retracement or retest and then consider a potential trade.
EUR/CAD SELL SIGNALPerhaps this will be the final move down for the EUR/CAD before the trend reverses to the upside
📚 What To Look for When ChartingHere is a chart of EURCAD. There were various opportunities available both short term and long term. Once you can identify chart patterns, you can easily anticipate where price will go next.
A great chart pattern that I always use is flags - Bull Flags and Bear Flags. In the chart you can see that many times price impulsed and then created a flag and then carried on with the move. Flags can be found both in higher timeframes as well as lower time frames.
Be sure to look out for them!
Eur/cad analysisA bearish set up on this pair would be preferable but we will simply trade what we see.
Lets see how price develops further.
Whats your bias? Let me know.
