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EURCAD

Accumulation, Manipulation and DistributionPrior to overcoming the 4-hour rejection block, price formed a consolidation phase, indicative of accumulation. This was followed by a volatile bullish move that successfully mitigated the rejection block, entering a manipulation phase. Subsequent price action led to a displacement, clearing the swing. Currently, we observe a bearish sentiment, anticipating a corrective hike to fill the imbalance and respect the fair value gap at 1.51200. The fair value gap shall be our entry with the demand zone at 1.50200 as the target from this expected distribution phase delivery…
by tokelohomi
EURCAD SHORT EURCAD Set-Up Bearish Arguments: Monthly PCH is being respected Monthly Bearish FVG being respected Monthly swing high has been swept Weekly swing high is being respected Daily Bearish FVG is being respected Daily swing high is being respected 4H swing high is being respected Bullish Arguments: Weekly swing low is being disrespected Daily swing low being respected so far 4H Bullish FVG being respected 4H swing high being respected As observed, the bearish probability is around 70%, while bullish odds stand at 30%. For this reason, risk management is crucial. Trade Management: Stop-loss placed at the short-term high. First TP set at SellStop. Once this level is reached, move the SL to break-even (BE) and hold until the final target is reached. Risk-to-Reward (RR): 2.45 Risk: 2%
Short
by Jaytradermb
EURCAD Trading Opportunity! BUY! My dear subscribers, My technical analysis for EURCAD is below: The price is coiling around a solid key level - 1.5011 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.5071 My Stop Loss - 1.4980 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Heading into 61.8% Fibonacci resistance?EUR/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.50935 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 1.51551 Why we like it: There is a pullback resistance level. Take profit: 1.50226 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
#EURCAD 1HEURCAD (Euro / Canadian Dollar) Timeframe: 1-Hour (1H) Pattern: Expanding Pattern An expanding pattern, also known as a broadening formation, has been identified on the 1-hour chart of EURCAD. This pattern is characterized by higher highs and lower lows, indicating increased market volatility and indecision. The expanding pattern shows that both buyers and sellers are pushing the price in opposite directions, but with increasing momentum. Typically, an expanding pattern suggests that a breakout in either direction may occur, but the broader outlook is leaning towards an upward breakout in this case. Forecast: Buy The current forecast indicates a buying opportunity, as the price is expected to rise from the lower end of the expanding pattern towards the upper resistance level. This suggests potential gains as bullish momentum builds. Technical Outlook: Support Level: The lower boundary of the expanding pattern, where buyers are expected to enter the market. Resistance Level: The upper boundary, which could be a potential target for the price to reach. Key Levels to Watch: A breakout above the recent highs would confirm the bullish outlook, signaling further upward momentum. Look for confirmation through bullish candlestick patterns or volume increases near support to validate entry points. Stay alert to economic data and oil-related news that might influence the EURCAD pair, as CAD often reacts to oil price changes, while the Euro is sensitive to broader market sentiment.
Long
by PIPSFIGHTER
EURCAD - 4hrs ( Sell Trade Target Range 150 PIP ) 🟢Pair Name : EUR/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ✅Short Opportunity (Bearish Break) Key Level: 1.50100 This is the area where you’re looking for a potential short entry, expecting a bearish continuation. Reasons for Entry: ✅ Major Turn Level: This refers to a significant price area where price has historically reversed or paused, indicating it's a critical level. ✅Visible Range: This likely refers to a visible volume profile tool, highlighting price levels that saw high or low trading activity. The focus here might be on low-volume areas (LVNs), which could indicate a lack of interest at this level and easier price movement downwards. ✅Fibonacci Golden Zone: A retracement into the 61.8%-65% zone, which is a commonly watched area for reversals or trend continuations. ✅Choch Zone: This could stand for "Change of Character," a price action term often used to describe a shift from a bullish to a bearish structure, indicating a potential trend reversal. ✅Weekly Low: The price is testing or approaching the low of the weekly timeframe, often a critical level that traders use to confirm the strength of a trend. ✅Major Trend Line 4th Bounce: This suggests that the price is touching a long-standing trend line for the 4th time, which can either act as strong support/resistance or eventually lead to a breakout after several tests. ✅Target (Bullish Reversal) Key Level: 1.48500 This is where you’re watching for a bullish reversal, expecting price to find support and possibly reverse upwards. Reasons for Reversal: This level could be supported by similar technical reasons, such as the proximity to important support zones, Fibonacci retracements, or moving averages.
Short
by GoldenEngine
AUDCAD - 4hrs ( Sell Trade Target Range 150 PIP ) 🟢Pair Name : AUD/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ✅Short Opportunity (Bearish Retest) Key Level: 0.92050 This is the area where you're looking for a potential short entry based on several factors: Reasons for Entry: ✅ Major Turn Level: A significant area where price has historically reversed. ✅ Visible Range LVN: A Low Volume Node on a volume profile, suggesting a weak price area that can be easily passed through if tested. ✅ Channel Break: Price breaking a channel structure, indicating potential for further downside. ✅ Day/Week Low: Price is near or at the low of a daily or weekly timeframe, adding significance to the level. ✅ Fixed POC Break: The Point of Control (POC) from a fixed range has been broken, signaling possible trend continuation. ✅ Fibonacci Golden Zone: The price is in a key Fibonacci retracement zone (61.8%-65%), which often serves as a reversal area. ✅Target Area (Bullish Reversal) Key Level: 0.91000 This is where you’re watching for a potential bullish reversal. Purpose of this Analysis The goal here is not just to trade for profit but to spread knowledge and understanding about strategic entry and exit points. You’re focused on ensuring that decisions are backed by multiple reasons (more than 5 in this case), ensuring well-rounded and confident entries or exits.
Short
by GoldenEngine
EURCAD Will Go Up! Long! Take a look at our analysis for EURCAD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.502. The above observations make me that the market will inevitably achieve 1.506 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURCAD My Opinion! BUY! My dear friends, Please, find my technical outlook for EURCAD below: The price is coiling around a solid key level - 1.5040 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.5092 Safe Stop Loss - 1.5006 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURCAD - 4hrs ( Sell Trade Target Range 150 PIP )🟢Pair Name : EUR/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ✅Bearish Break 1.50600 Area Reasons ✅- Major Turn level ✅- Visible Range Lvn ✅- Pattern Break ✅- inner Choch Zone ✅- Fixed Value ✅-Fibo Golden ✅Bullish Reversal 1.48800 Area
Short
by GoldenEngine
EURCAD - 4hrs ( Buy Trade Target Range 200 PIP ) Pair Name : EUR/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Buy Opportunity ) Type : Mid Term Swing ——————————— 💠Bullish Break 1.51150 💠Chance of Successful break out of this level 80 % This level have 7 Bounces And Respect the break Out 💠mention key level with numbers / and why Our Key level of Break Out is so strong 1.51150 Price already retested it many time's and this level have no fake outs 💠mention is there a crosses ( trend or Channel ) with level and why ? yes - our break out level have cross with Channel Break Out in same area and this channel have best shape 2 bounce From The upper band and 3 Bounce From the lower band and middle line play a key level also And also break out of trend / 2 bounces 💠mention is there a volume in this level yes we have a very good volume in this area that's make the price move fast and far away after break out 💠mention is there a sociological numbers with number and why yes our break out area is a sociological Daily Major Area 💠mention the back ground is bullish or bearish and why yes our back Ground is bullish Cuz we have a very healthy break out candle also we have Fib Golden zone already broke out with visible range Volume Our Target Range For this Trade IS 200 PIP
Long
by GoldenEngine