Eurcad!
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
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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.
Please do share, and give a follow to support.
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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✅EUR_CAD BEARISH SETUP|SHORT🔥
✅EUR_CAD is trading in a
Downtrend and the pair
Has formed a bearish wedge
Pattern then retested the
Horizontal resistance of 1.452
And we are seeing a bearish
Reaction and an attempt of
Breaking out of the wedge
To the downside so IF the
Breakout is confirmed then
The most likely direction
Of the next move will be down
SHORT🔥
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EURCAD LowerTrying EURCAD lower here.
We seem to be forming a bearish flag on the chart.
Narrative seems to still support a move to the downside, the recent rise has been due to the ECB being more resolute on hiking rates than the market expected but i think with inflation continuing to come off fairly strongly and EU economic data still coming in worse than expected we should see people continue to take out long EUR trades. CAD should still benefit from a hawkish BoC and a strong economy to back it up at the moment.
rate differentials are continuing to move lower which should help.
sentiment is moving lower still while positioning is a little long on the pair.
Not trading/investment advise, feedback welcome!
EUR/CAD BEARS WILL DOMINATE THE MARKET|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 1.440 level.
✅LIKE AND COMMENT MY IDEAS✅
EUR/CAD - Short; Heavy resistance confluence!This pair is running into major resistance here, in an area of heavy confluence.
This is the end of a corrective rally, in which all Euro pairs participated, off of their recent, major lows. (Mostly due to a, yet again, market wide delusion that the EU will have to tighten ("at least!") 375 basis points... When in reality, as the latest data illustrates, the EU couldn't even climb out of its decade long deflationary spiral despite a massive, war/sanctions - and categorically, self - induced inflationary spike.)
Also, the EUR/GBP showing every sign of a top here, consequently, this pair makes an even stronger case for this Short than it's cousin's, the GBP/CAD.
This pair is on the verge of a cliff with no technical support under the current levels, i.e., for the next -550 pips. Which makes it the obvious Short Target.
Note; This has been stated time and again that these CAD pair shorts, while the case is strong, remain inferior to their USD cousins.
The EUR/GBP picture
EURCAD I Potential bearish flag breakout Welcome 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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AUD/USD, USD/SGD, EUR/CAD and USD/CAD on watch for me today.AUD/USD:
• If price pushes down to and ideally just below the lower descending trend line of our most recent piece of structure, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag.
• If price simply impulses back up above our rayline, it does so in a convincing manner and a subsequent tight flag forms, then I'll again be looking to get short with a reduced risk entry on the break of the flag.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place either of these trades.
USD/SGD:
• If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.
EUR/CAD:
• If price pushes up to and ideally just above our rayline, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with a reduced risk entry on the break of the flag.
• If price simply impulses back down, it does so in a convincing manner and a subsequent tight one hour flag forms, then I'll again be looking to get short with a reduced risk entry on the break of the flag.
• If neither of these setups present themselves then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place either of these trades.
USD/CAD:
• If price impulses down below our rayline and it does so in a convincing manner, then I'll be looking to get short with a reduced risk entry on the break of a subsequent tight flag.
• If this setup doesn't present itself then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place this trade.