A sell setup on EURCADAfter the price completed its second retest of the upper band of the bullish channel.
And it also confluence with the multiple level of market structure (truing previous support are to resistance.
A moderate sell opportunity can be look for at this level, which happens to falls slightly above the Fibonacci golden ratio of 61.8%.
Stay close and anticipate.
Apply risk management
EUR-CAD
EURCAD: Important Breakout 🇪🇺🇨🇦
EURCAD broke and closed above a major horizontal supply cluster with a high momentum bullish candle yesterday.
1.441 - 1.446 is now turned into a demand zone.
I will expect a bullish wave from that area to 1.455 / 1.46 levels.
❤️Please, support my work with like, thank you!❤️
Intraday BUY setup on EURCADHi Guys,
In all honesty, I thought this trade has been shared.
Anyways, if you are still interested, you can join and run with a few pips toward the intraday target.
Or, wait for the price to retest the entry zone, then we look for a potential SWING short position there. Stop-loss of 55pips
Targeting the Daily MLoMS zone.
EURCAD 1.445 key level 🦐EURCAD is exhibiting a bearish technical pattern on the 4-hour chart. The triple top pattern suggests that the price has reached a resistance level that it cannot break through, and the subsequent drop to the 1.42500 support area reinforces this idea.
Moreover, the fact that the 1.44500 level is acting as resistance after being support in the past indicates a shift in market sentiment, which further supports a bearish outlook. Additionally, the price is currently testing the 0.786 Fibonacci retracement level, which is a key level for many traders.
If the market breaks below the 0.5 Fibonacci support level, it is likely that we will see a continuation of the bearish trend, and it may be a good opportunity to enter a short position. A potential target for the short trade could be the support level at 1.42500.
Overall, the technical analysis suggests a bearish outlook for EURCAD on the 4-hour chart, and traders should consider the possibility of entering a short position if the market breaks below the 0.5 Fibonacci retracement level. However, as with any trading decision, it is important to wait for the condition of the MTB Plancton's strategy to be satisfied.
EURCADEURCAD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
EurCAD Sell Short Term Hi all,
We are opening a sell position on EC, on the weekly we have an Inverse H&S forming where we are in the process of the right shoulder downwards.
price might go lower, but we anticipate the pair to create the right shoulder.
entry, sl and tp marked.
Follow, share, comment and like
EurCad - Manipulation Point TradingBias: Short
Market Cycle: 2
PA is currently in phase 2 of market cycle after a 1st push down on friday. Today is the last day to look for phase 2 before we move back to an open bias..
Notice how price is also trading down in a bearish channel since 2nd Feb, we also have our MP lined up with the top of the channel so i would expect some kind of reaction from here..
Follow the rules to the system, they keep us safe and provide quality entry's...
If it doesn't fit our strategy, it's not our money....
New Bullish update on EUR/CADThe EURCAD is currently trending inside an ascending wedge pattern that technical traders take as a bearish reversal pattern.
However, the pair just hit an intraday demand area (bottom) which has been consistent for an immediate bullish push-back to touching the pre-existing supply zone (top).
The current triple bottom also indicated a divergence in price which technical traders could use in pushing the price a little bit up again.
Alternatively, a break below the demand area could initiate a further sell off towards Jan low at 1.4230.
Traders may keep a close eye on the EURCAD.
EURCAD shorting idea.It looks like price are respecting resistance level with a double top pattern with a nice evening star candlestick in the end. It tried to make a descending triangle pattern previously and failed, now it's trying to make an ascending triangle which I think will fail because the market tends to make repeated actions.
j.Hejazi | EURCAD waiting for breakoutThe EURCAD currency pair has formed a triangle pattern with a divergence on the MACD indicator. This pattern also appears to show triple tops with another divergence. These patterns are located at a strong resistance area, as the price is touching the 200-week moving average and testing the key level of 1.46350. To consider a sell signal, the price must break the neckline of the triple tops and triangle.
However, if the price moves up and breaks the moving average, it must also break the 2 yearly resistance trend lines at 1.47313 to be considered a buy signal.
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Let me know your thoughts in the comments, and show your support by liking the idea.
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Your support is greatly appreciated!
SOME OF LEGAL ADVICESHey what’s up every body
Today i just wanna talk about some of jokes or layers in this domain of forex trading..
STOP CALCULATING PIPS FOR EVERY SINGLE DAY. STOP✋
Here what I mean
When you talk about 700pip per month stop laying on your self about
‘Its all you need to catch 33 or 30 pips a day
Its not true guys there is no one can do it in constant permission
Start think about 4 to 5 winning trade to catch 90 pips each one or 3 over winning trade about 200 pips
This you can do easily p
And POV when u catch this numbers of pips above with 5% of capital lot with 1 or 2% of SL you will get arround 30% of profit
Stay focused on your plan and strategies dont go for pips every sigle day side
Have a nice weekend…
EURCAD: Important Breakout 🇪🇺🇨🇦
EURCAD looks bearish:
the price broke and closed a support line of a rising wedge pattern
and a neckline of a double top formation.
I believe that the pair may drop lower after a retest of a broken support of the wedge.
Goals will be: 1.442 / 1.43
❤️Please, support my work with like, thank you!❤️
EURCAD potential to swing low.Looking at the H4 chart, my overall bias for EURCAD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market structure. Looking for a pullback sell entry at 1.45202, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 1.46439, where the recent swing high is. Take profit will be at 1.42354, where the previous swing low was.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURCAD Potential for Bearish Drop to supportLooking at the H4 chart, my overall bias for EURCAD is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market.
Looking for a sell entry at 1.45202, where the overlap resistance is. Stop loss will be at 1.46439, where the recent swing high is. Take profit will be at 1.44000, where the overlap support and 61.8% Fibonacci line is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURCAD Potential for Bearish Drop | 30th January 2023Looking at the H4 chart, my overall bias for EURCAD is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market.
Looking for a sell entry at 1.45202, where the overlap resistance is. Stop loss will be at 1.46439, where the recent swing high is. Take profit will be at 1.44000, where the overlap support and 61.8% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
EURCAD Potential for bearish drop to overlap supportLooking at the H4 chart, my overall bias for EURCAD is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market.
Looking for a sell entry at 1.45202, where the overlap resistance is. Stop loss will be at 1.46439, where the recent swing high is. Take profit will be at 1.44000, where the overlap support and 61.8% Fibonacci line is.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURCAD Potential for Bearish Drop | 27th January 2023Looking at the H4 chart, my overall bias for EURCAD is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market.
Looking for a sell entry at 1.45202, where the overlap resistance is. Stop loss will be at 1.46439, where the recent swing high is. Take profit will be at 1.44000, where the overlap support and 61.8% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.