EUR/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
EUR/CAD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.462 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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Eurcad!
EURCAD I Trend line break and now bearishWelcome back! Let me know your thoughts in the comments!
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EURCAD ICT setup with double entry!Analyzing EURCAD on the H1 timeframe, you can immediately notice an uptrend after the London session, with the price currently at 1.4670 as of the time of writing. I have highlighted two possible reaction points. The first one consists of a double demand zone at H1+M15+POC at 1.4660, where I will be waiting for a price reaction, and the price should close the arrival candle above the current POC level to confirm the uptrend. As the second zone, I have identified a breaker block, which is a support/resistance zone where I expect the price to bounce before a descent. As you can see, the zone at the level of 1.4760 was used by the price as a reaction zone for a breakout from the high at 1.4670, and it was subsequently broken, forming an offer zone within it at M15. Let me know what you think. Happy trading, everyone.
EUR/CAD BEARS ARE STRONG HERE|SHORT
Hello,Friends!
EUR/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 2H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.461 area.
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EURCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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EUR/CAD BULLS ARE STRONG HERE|LONG
Hello,Friends!
It makes sense for us to go long on EUR/CAD right now from the support line below with the target of 1.475 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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EURCAD Will Go Higher From Support! Long!
Take a look at our analysis for EURCAD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.463.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.473 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURCAD: Your Trading Plan 🇪🇺🇨🇦
EURCAD is trading within a wide horizontal trading range on a daily.
The price tested its upper boundary yesterday.
We see a strong bearish reaction to that.
Pay attention to the support of the range - the underlined green area.
If bears manage to close below that, it will be a strong bearish signal.
A bearish continuation will be expected to 1.4512 then.
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EURCADOn the daily timeframe, the market is making a correction which I believe is completed, there is a break in trendline accompanied with a pullback which seems to be holding, from the current price, I am expecting a drop to the downside. If EURCAD can make a move below the previous low, then there might be a continues fall down to my TP level and even beyond.
EURCAD - 4hrs ( Buy Trade Target Range 180 PIP ) Pair Name : EUR/CAD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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✔️ Key Technical / Direction ( Long )
Type : Mid Term Swing
Bullish Break
1.47800 Area
Bearish Reversal
1.49500
EUR/CAD Gave 3 Hours Ago , +70 Pips 0 Drawdown , New Entry AddedThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EUR/CAD At Good Supp , Giving A Good Bulish P.A , Time To Buy ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURCAD Will Go Higher From Support! Buy!
Please, check our technical outlook for EURCAD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.469.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.477 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!