Eurcad potential turning lower if 1.47 break...More downside to come if 1.47 lost.potential double tops
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EURCAD
EURCADIs EURCAD exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1.4590 followed by 1.4500
What you guys think of it?
EURCAD: 10/11/2023:🟢Buy opportunity🟢You can see all the important zones and scenario on the chart.
If you have a question feel free to ask.
Please pay attention we need LTF confirmation to execute the buy position.
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🗓10/11/2023
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TradePlus-Fx|USDCAD: sell setup💬 Description: In the foreign exchange market at the beginning of the week, USD competitors attempted to continue growing, but as expected, the American took the hit and the currencies began to correct downward. At the moment, a rather tense situation has formed, however, for such currency pairs as EURUSD , USDCAD there are clear signals for a temporary weakening of the dollar.
Thus, a short trade is considered. The time frame of the idea is contained in today. In addition, the CAD may be supported by the likely strengthening of oil intraday.
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EURCAD I It will keep growing Welcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
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EURCAD BULLISH PROJECTIONIn my concept; PAC Methodology, I showed exactly how price is being delivered based on the Algorithm.
It is believed that the market has some rules that I hold dearly and that would include the way price is being delivered. You can see how price has raided a Relative Equal Low (Sell-side Liquidity) and now we are targeting the possible Buy-side Liquidity on the Weekly Timeframe.
If you are so interested in joining the move to the Weekly DOL (Draw on LQD) then you should check for Market Structure on D1/H4 and it will show you how the bullish structure has started after the raid of that Relative EQL low on the Weekly Timeframe.
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EURCAD Rally most likely coming to an end.The EURCAD pair has been rising since the September 28 bottom on the bullish leg of the 9-month Channel Down, turning both the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line) into Supports. The uptrend hit the Internal Lower Highs trend-line last week, got rejected but was supported on the 1D MA200 and is testing it yet again today.
As the 1D RSI is making a Double Top rejection under the 2023 Resistance Zone, we may have the first medium-term sell signal emerging and a 1D MACD Bearish Cross will confirm it. In that case, sell and target the 1D MA50 at 1.4500. Those who wish to take some more risk, can extend selling to 1.4400 (-2.43% decline, in line with past pull-backs).
If however the pair closes a 1D candle above Resistance 1, we will take the loss on the sell position and open a buy instead, targeting Resistance 2 at 1.51000.
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Strifor || USDCAD-06/11/2023Preferred direction: BUY
Comment: Short-term purchase of the US dollar is also considered for the USDCAD currency pair. Here the intraday potential is even more promising. A recovery is expected in an area that was support not long ago. Thus, an increase to 1.37000 is expected and even the targets are considered a little higher.
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EURCAD H4 | Falling to support?Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.4609, which is a pullback resistance.
Our take profit will be at 1.4524 which aligns with the 161.8% Fibo extension an overlap support level. The stop loss will be placed at 1.4660, which is a pullback resistance level."
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EURCAD - Bearish price action ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: As we can see here from the chart that price change the character and started to make lower lows and lower highs, so I expect we could see bearish price action after price filled perfectly imbalance from M30 timeframe.
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EURCAD - 4hrs ( Buy Trade Target Range 240 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
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🏳️Bullish Break
1.45000 Area
Reasons
- Major Turn level / M
- Visible Range Hvn
- Day/week High
- H&S Pattern
🏳️Bearish Reversal
1.47250 Area
Reasons
- Major Turn level - W
- Visible Range Lvn
- Choch Area
- Fibo Golden
- Quarter High Area
EURCAD - 4hrs ( Up + 80 PIP / Tp 1 > Full Tp 240 PIP ) Pair Name : EUR/CAD
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Short
Educational
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☑️ Update - VIP Opportunity
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💰 Take Profit 1
⚡️ Account Growth = 10 %
💵Pip' Achieved = 80 PIP
EURCAD - 4hrs ( up + 180PIP / Tp 3 ) Full Tp 240 PIPPair Name : EUR/CAD
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Short
Educational
—————**-
🔗 Just browsing through my analysis means a lot to me.
☑️ Update - VIP Opportunity
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💰 Take Profit 1 + 2 + 3
⚡️ Account Growth = 30 %
💵Pip' Achieved = 180 PIP
EUR/CAD - 4hrs ( Target 4Hit + 240 PIP ) Pair Name : EUR/CAD
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Long
Educational
—————**-
🔗 Just browsing through my analysis means a lot to me.
☑️ Update - VIP Opportunity
————
💰 Take Profit 1 + 2 + 3 + 4
⚡️ Account Growth = 40 %
💵Pip' Achieved = 240 PIP
USDJPY I Pullback and continued bull runWelcome 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.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!