EURCAD Potential swing long 1:8RRWeekly-Bullish
Daily- Bullish
4H - Bullish
Confluences
1. Break and retest of major key level
2. Break and retest of trendline
Take profit 1 - 1.47870
Take profit 2 - 1.49059
Eurcadanalysis
Long Position Opportunity on EURCADfundamentally,
we had today US Retail Sales Data that came out negative for the Dollar
on the technical side,
we had a great pull back on a key level
in the 15min:
-RSI divergence
in the 1h:
-hammer on a demand zone
in the 4h:
-strong trend
in the D :
-great correction on the 50% fib
DeGRAM | EURCAD breakout of the ascending channelEURCAD broke and closed below the resistance level at 1.47500.
Bull could not push the price higher, and it dropped below the level following divergence at resistance..
As in the past, we could see a multiple large sell-off from this level, and most likely the price will go further down.
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EURCAD Retesting the Trend and the 50% Fib levelEURCAD rallying up continuing its up trend , we got a pretty good opportunity for a buy setup
-break of a trend line + retest
-correction to the 50% Fib level
-on a support zone
Filling the inefficiencyAfter the one directional bearish move price tapped into the internal liquidity pool, pushed upwards in a corrective manner followed by a huge bullish candlestick to violate the order block. Price was slightly rejected then shortly pushed up to collect the liquidity there, then dropped to fill up the inefficiency. After filling the imbalance, the market pushed up to the supply zone, now we the price being reluctant to go bearish, so the instant expectation is for price to push up and activate this internal liquidity pool before dropping to the demand zone…
EURCAD- 4H Long Term Bullish idea-Bullish flag pattern breakout
-AB= CD pattern projection
- rising trendline with HH and HL
- the price has already retraced 0.618
- head and shoulder formation also confluences with TP1 and TP2. TP3 is an extended TP.
EURCAD : Long Trade , 1hHello traders, we want to check the EURCAD chart in the 1-hour time frame. The price has broken the descending channel upwards and then pulled back to the descending trend line and also the key level between 1.46700 and 1.46900. We expect the price to enter a trend. May it rise and move to the specified targets. Good luck.
EURCAD buy Entry : 1.46932
Stop : 1.46179 , Target1 : 1.47685 , Target2 : 1.48437
Risk/Reward Ratio : 2
EURCAD- 4H Long Term Bullish idea-Bullish flag pattern breakout
-AB= CD pattern projection
- rising trendline with HH and HL
- price has already retraced 0.618
EURCAD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURCAD BUY IN POIThis is for short term
And this is risky too.
Please DYOR before entering the trade.
EURCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: We are here in bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from bullish order block + institutional big figure 1.46000, as well 0.786 level of FIBO which is discount zone.
Fundamental analysis: On Thursday 30th of March we have news events on USD, will be released final GDP for first quarter of 2023. The forecast for GDP is to remain the same as per last quarter, which means we would not have such big moves in market, however we should look for the results in order to validate our analysis.
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EURCAD- 4H Long Term Bullish ideaThe price action is in a bullish direction with bullish momentum
- bullish flag pattern
- HH and HL trendine
- AB =CD Projection
EURCAD Trading Plan - 30/Mar/2023Hello Traders,
Hope you all are doing good!!
I expect EURCAD to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
I will wait for confirmation before entering !There is a great opportunity because the price returned from the demand area and there is change of character
DeGRAM | EURCAD trend continuation opportunityEURCAD is moving in an ascending channel .
The market pulled back to the support zone and printed pinbar.
Price pulled back to the psychological level at 1.4700 as well as the fibo cluster.
We expect trend continuation trading opportunities.
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eurcad analysis whats up traders! looking here at eurcad looks decent for a 1/1.5 R/R trade
inofmration shared is for educational and demo purposes only!
disclaimer- trading is risky and you can loose some or all of you money trading in the financial markets!
EURCAD Possible LongEURCAD is making Higher highs, still being a little far from the next Major resistance, so I'm going to try to buy close to the Ascending Daily Trendline as shown by the arrows I drew, the Trendline coincides with the lower recent support so i believe that this support trendline is the perfect place for the Long. I'll update the idea if it gives us the entry we're looking for.
EUR/CAD Multi-Timeframe & Order Flow Analysis Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
EurCad ShortI am going short on EurCad as it has form an double top pattern. My setup will be invalid if it breaks above the resistance and continues to buy
DeGRAM | EURCAD trend continuation opportunityEURCAD is moving in an ascending channel .
The market broke and closed above the consolidation zone.
We expect a retest of the support level and then trend continuation opportunity.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
Getting Ready To SELL On Approach To This Level....This pair has just popped a new HIGH on the Monthly charts and took out a previous MONTHLY SUPPLY SELL zone and looks like it has it's sights set on the 1.50 price level which sits nicely inside a MONTHLY SUPPLY/SELL zone which starts around 1.48 which is marked in red on the chart.
Inside the Monthly level sits a nice WEEKLY SUPPLY/SELL also which is around the 1,50 mark this where I expect sellers to come back into the market.
I will use my TRFX indicator to start to look for a daily sell signal as price moves above the 1.48 mark target for this trade will be the newly formed DEMAND/BUY level which is around 1.43.
This is a great swing trade idea will keep you updated when I get the entry trigger happy trading.
EurCad ShortI am looking to short EurCad as it is at a strong resistance/support zone and it did a fake break out on the trendline. My setup will be invalid if it passes the orange resistance and closes above it, that is when I will know that we are still continuing with buys
