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EUR-CAD

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.
by ThinkingAntsOk
2
📚 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!
by WicktatorFX
14
EURCAD: The price BACK to its TRENDLINEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/CAD ⚪ Technical Analysis : Since the end of December 2020, the price has been moving creating an interesting symmetrical triangle pattern. On the 20th of January 2021, the level at about 1.52750 rejected the price, ending a strong bearish movement. This level defined our secondary trendline, re-tested during the 5th of february. Few hours ago, the price got a second rejection on the daily support level at about 1.54300 and there is a possibility to see a new re-test of its trendline. 🔴 Conclusion : In the daily chart, the price closed with an interesting bearish pinbar just around its EMA 200 and it could define a possible sign of weakness. In the H4 chart we still have a bullish movement but I'm confident to see an upcoming downtrend, the S/R zone at about 1.54300 is a strong area that rejected the price many times in the past and the price got a rejection just below its ema 200. By the way, I wouldn't get a position right now, instead, I'll be waiting for the price to reach its secondary trendline and then I'll try to understand the price action on that area before planning my short position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
26
EUR/CAD About to Break the Range?Good morning traders, today we bring you an analysis on this pair that has been showing a particular behavior for a long time. 🔸As we can see, for about a year that the price has been without a clear trend on the Daily Timeframe. Of course, if we decrease the timeframe, we will find minor trends, but after the strong bullish momentum, all we can see is a consolidation. 🔸At this moment, the price is against a support zone, and every time it faced it, it generated an upward movement, which is why we consider that possibility. 🔸In case that vision fails, we must take into account a possible downside breakout, which if this happens, the downward movement target would be the support zone at 1.51000.
by ThinkingAntsOk
2
EURCAD a move to the 1.53? 🦐EURCAD on the 4h chart after the bounce on the weekly support reached the 0.618 Fibonacci level. The price from there turn into a bearish scenario and now testing the 0.5. According to Plancton strategy, if the conditions will be satisfied, 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.
Short
by InkyGrip
16
EURCAD - SWING - 01. FEBR. 2021Welcome to our weekly trade setup ( EURCAD )! - 1 HOUR Bullish closure above main sr level. 4 HOUR Bullish waving market structure.. DAILY Expecting another push to the upside. - FOREX SWING BUY EURCAD ENTRY LEVEL @ 1.54830 SL @ 1.54270 TP @ 1.55730 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
22
EURCAD: An upcoming BEARISH WAVE?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/CAD ⚪ Technical Analysis : Since the end of December 2020, the price has been moving with a strong downtrend, breaking through the main S/R level at about 1.54200 but quickly back above the same level. On the 28th of January 2021, the price reached an interesting S/R zone at about 1.56000, that rejected it many times in the past. Few re-tests on the same level and the price started falling down again, trying to reach now its previos support zone. If you would like to have a quick look on my previous analysis, you can click the link below: 🔴 Conclusion : In the daily perspective the price is clearly following a strong descending channel and it seems is starting a new bearish wave. I'm confident to see the price breaking through the support zone at about 1.54100, falling down until its next support. I'm already holding a short position on this trade and I'd add a new short position if the price will properly break the level 1.54000. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
10