Eurcad!
EURCAD: Will Keep Growing! Target for Buyers is: 1.45644
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURCAD chart which, if analyzed properly, clearly points in the upward direction.
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EURCAD: Important Breakout & Bullish Continuation 🇪🇺🇨🇦
After a bullish accumulation, EURCAD broke and closed above a wide horizontal supply cluster on a daily.
The broken structure turned into a demand zone.
I believe that the pair will go higher.
Next resistance - 1.463
For entries, consider the occasional retest of a broken structure.
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My Entry Reasons For This Week Trades ,Free Trade ,Full DetailsThis 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 I Key resistance broken and more upsideWelcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURCAD on the MA50 (1d) after 2 months.EURCAD hit today the MA50 (1d) for the first time since May 12th.
The real pivot though that turns the trend from bearish to bullish and vice versa, has been the MA100 (1d), which is currently a little higher at 1.45996.
A candle close over it, is a buy signal, despite the presence of Resistance (1).
The long term trend remains bullish supported by the MA200 (1d) and the Rising Support since August 2022.
Trading Plan:
1. Buy if the price closes a candle over the MA100 (1d).
Targets:
1. 1.5000 (near Resistance 2)
Tips:
1. The RSI (1d) has formed a Channel Up pattern which is consistent with the rallies of November 2022 and February 2023.
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EURCAD - Multi-timeframe analysisFX:EURCAD
Hello trader! I am glad to share my idea about this pair.
Just remember to manage your capital while trading. No matter how perfect your trading system is, the way you mange your risk is the key to be a consistent trader. The winning trader is always a consistent trader.
From H4 timeframe, we can see that price is reaching strong demand zone, price also make higher high structure.
For the entry, I normally use m5/m15. Will keep you updated once entry is ready
eurcad 2h advanced xabcd setup short/hold tp 4250🔸speculative xabcd setup advanced entry bears with confirmed
reversal at point C at 4490. Expecting short-term losses.
point C was printed recently and confirmed a higher high setup.
🔸XABCD pattern structure is defined by point X at 4310
point A at 4475, point B at 4350, point C at 4490
and point D at 4250, which is a 127 extension.
🔸Recommended strategy bears: seek to short/hold near market
and put SL below recent high at 4490 and TP at 4250
at point D of the pattern structure. Advanced XABCD entry
strategy so use conservative lot sizes and do your own due dill.
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EUR/CAD long +150 pipHello Traders
it seems that EUR/CAD is in the correction phase.
Short term price action tells us that EUR/CAD is bullish near term.
Our technical view has been shown in the chart.
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Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
EUR/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
EUR-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.435 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/CAD pair.
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EUR/CAD BEARS ARE STRONG HERE|SHORT
Hello,Friends!
We are now examining the EUR/CAD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.438 level.
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EURCAD Two sell opportunities for a July targetEURCAD hit the symmetric Resistance today and got immediately rejected as on the respective high of January 3rd 2023.
This is a sell opportunity, targeting the symmetric Support of 1.43450.
If instead the price rises more, sell near the 1day MA50 and this time target even lower at 1.42350 (Support B). That would be a breach of the 1day MA200.
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EURCAD - 4hrs ( Buy Trade Target Range 300 PIP ) Pair Name : EUR/CAD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long )
Type : Mid Term Swing
———————————
Bullish Break
1.45000 Area
Reasons
- Major Turn level
- visible range lvn
- visible Range Value
- Visible / Hvn
- Month Low Area
- Trend Break Out
Bearish Reversal
1.48500 Area
Reasons
- Major Turn level
- Visible Range lvn
- Pattern Target
- Choch Area
- Fibo Golden
EURCAD Next MoveHello Fellow Traders, Its BEEN A WHILE!
I hope That Everyone Follows This Forecast To make some big Profits!
Here is a Full Updated Analysis & Forecast For XAUUSD
The Best way to follow my Analysis is if the following conditions apply.
Conditions -
1. Wait for the Market to Show you some (Rejection / Confirmation / Direction)
2.Wait for confirmation(Price Action Confirmation ( Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or Resistance)
3.Do your Own analysis! (Draw Trend Lines / Support & Resistance Zones / SND )
4.Always Use Risk Management (Risk 1% of your capital)
5.Entry Should be Made on The 4H Timeframe (Only if you have Confirmation)
6.Trade at own risk!
&. Plan Your Trade & Trade The Plan!
Let Me know if you have any Questions or Comments Below!
Negative Or Insulting Comments Are Not Welcome
See You in the next Analysis!
Global Fx Education
AUDCAD I Headed up from pivot supportWelcome back! Let me know your thoughts in the comments!
** AUDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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✨ADD-ON: EURCAD ✨ BIG PICTURE ANALYSIS ✨SLO @ 1.6760 ⏳
TP4 @ 1.6050 (closing ALL Buy Orders)
TP3 @ 1.5185 (shaving 25%)
TP2 @ 1.4625 (shaving 25%)
TP1 @ 1.3815 (shaving 25%) 💰 +1600 pips
BLO3 @ 1.4360 ⏳ (add-on)
BLO2 @ 1.4315 ⏳ (add-on)
BLO1 @ 1.3025 📈 +1324 pips
In anticipation of price action pulling back, I've set two new Buy Orders (see above).
Breakout of the daily flag, likely more down side...
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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.
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EURCAD SHORT TO 1.38000EURCAD have been on the rise since August 2022, and now approaching the highs of 2022, what are my expectations?
We can see that above the 2022 highs, there is a weekly imbalance I labelled, so price might get to that highs before going bearish, remember that the first leg of the M formation, formed on December, so this will be our second leg. So we expect this move to flow to 1.38000
Why shorting?
There on the monthly timeframe, there is a high resistance zone we are currently on and we expect continuation of trend to the downside.
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EUR/CAD BULLS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
Previous week’s red candle means that for us the EUR/CAD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.447.
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