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EURCAD

EURCAD I Trend line break and now bearishWelcome 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!
Short
by BKTradingAcademy
3
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.
Long
by Forex48_TradingAcademy
2
EURCAD Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2