EURCAD Idea H1Here is my analysis for EURCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Eurcadforcast
EURCAD Trade IdeaThe EURCAD has currently reached a pivotal support level following a significant downtrend. It is evident that the price has become over-extended, signaling a potential retracement in the near future. Our trading strategy entails establishing a short position should the price retrace into our predefined selling zone. I adhere to a prudent approach when determining position sizes, typically allotting approximately 0.2% of my account balance to each trade, with a maximum exposure of 2% at any given time. It is essential to emphasize that this information should not be construed as financial advice, as trading carries inherent risks. Emphasizing the implementation of robust risk management techniques is of paramount importance.
Bearish Outlook: EurCad's Potential 500 Pip Drop AheadSince the beginning of 2023, EurCad's price has been trading above 1.4250, a level that became a very important line in the sand, with a test in January, February, and back in June,
Recently, the price came back to this level and after only one day of consolidation, yesterday broke under.
This is a very important break for the pair and opens the door for further losses.
As we can see from the chart, yet another important break happened at the beginning of the month- The ascending trend line support- and also the price action from the past 12 months resembles an H&S.
All in all, I expect a drop of around 500 pips in the coming months and a positional trader could take advantage of such a trade.
EURCAD SELLHello, according to my analysis of the eurcad pair. It is in a very negative state. The market has broken the triangle model. He also re-tested but couldn't break that area. Also, there is a strong resistance area in the same place, with two very negative candles forming on the weekly time frame. good luck for everbody
EURCAD Analysis H1Here is my analysis for EURCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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!
EURCADOn the daily timeframe, the market is making a correction which I believe is completed, there is a break in trendline accompanied with a pullback which seems to be holding, from the current price, I am expecting a drop to the downside. If EURCAD can make a move below the previous low, then there might be a continues fall down to my TP level and even beyond.
EURCAD Analysis H4Here is my analysis for EURCAD on H4 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURCAD Analysis 30Aug2023in the left area I see the price forming an FTR in the middle of this month. then currently the price looks bullish with indications of price responding positively to the trendline below. Most likely, the price will rise more from the SnD area
EUR CAD SHORTRisk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
EURCAD Wedge Breakout!EUR-CAD was trading in
A rising wedge but then
A bearish breakout happened
So I think that we will
After Reteste 1.47446 area
We will see a move down !
EURCAD HUGE Potential BEARISH Reversal! - READ ALLWelcome back, fellow traders, to another exciting analysis session! Today, we're going to dive deep into the intriguing world of the EUR/CAD pair and explore the confluences and indicators that are painting a compelling bearish picture on multiple timeframes.
Confluence Across Multiple Timeframes
As seasoned traders, we know that the key to successful analysis lies in identifying confluences across various timeframes. The EUR/CAD pair has certainly caught our attention, as it exhibits a remarkable alignment of signals across the monthly, weekly, daily, 4-hour, and 1-hour timeframes. This convergence alone suggests that significant market movements could be on the horizon.
Breaking the Resistance Barrier
One undeniable factor that has our attention is the repeated breaking of bearish resistance levels. Our meticulous analysis has revealed an impressive 10 instances where the EUR/CAD pair has pierced through these resistance barriers. This persistent behavior signals a potential shift in sentiment and an eagerness among sellers to push the pair into lower territories.
Support Turned Constriction
The concept of consolidation is a fascinating one, especially when we observe that the EUR/CAD pair has broken through previous support levels on not just one or two occasions, but five distinct instances. Such behavior raises eyebrows and prompts us to consider whether this frequent breach of support zones could indeed be a precursor to a larger bearish move.
Candlestick Patterns and Their Insights
Candlestick patterns are the language of the market, and right now, they're whispering an intriguing narrative. The presence of candlestick patterns that align with a potential bearish trend cannot be overlooked. These visual cues, scattered across the charts, are like breadcrumbs leading us toward the potential future movement of the pair.
The Bearish Trendline
Ah, the trendline – a trader's trusty companion. Our meticulous chart scrutiny has unveiled a bearish trendline, offering an additional layer of evidence to support our hypothesis. The consistent adherence to this downward-slanting trendline, combined with other confluences, serves as a powerful reminder that the market sentiment might indeed be tilting towards a bearish outlook.
Support Tests and Higher Highs
It's important to acknowledge that the EUR/CAD pair hasn't shied away from flirting with support levels multiple times. Even in the face of higher highs, the repeated touches on these support zones can't be dismissed. However, the strength of our analysis comes from the holistic view, taking into account the broader context and various indicators.
The Holistic Bearish Scenario
Drawing all these threads together, a comprehensive picture emerges. The EUR/CAD pair is displaying an array of bearish indicators across multiple dimensions – from the confluences on different timeframes to the persistent breach of bearish resistance and support levels, complemented by the whispers of the candlestick patterns and the guiding trendline. While the market is always full of surprises, our analysis points undeniably towards a possible bearish trajectory.
In conclusion, fellow traders, the confluence of evidence we've uncovered cannot be ignored. As always, it's crucial to approach the market with a blend of caution and excitement. While no analysis can predict the future with absolute certainty, the amalgamation of signals we've discussed today should certainly give us pause and prompt us to tread carefully in the EUR/CAD landscape. Happy trading and may the markets be ever in your favor!
FX:EURCAD OANDA:EURCAD FOREXCOM:EURCAD PEPPERSTONE:EURCAD EIGHTCAP:EURCAD SAXO:EURCAD CAPITALCOM:EURCAD BLACKBULL:EURCAD ACTIVTRADES:EURCAD EASYMARKETS:EURCAD VANTAGE:EURCAD
EURCAD I Pullback to 50% fib and more potential upsideWelcome 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!
EURCAD Swing Long!EUR-CAD broke the long-term
Falling resistance and the
Breakout is confirmed
So we are now bullish biased
Despite the nearby horizontal
Resistance level so I think that
After the pullback and retest
Of the broken line we will
See a bullish move up !
EUR CAD SHORT Risk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
EURCAD Short Term Buy IdeaH4 - Bullish trend pattern followed by a double wave correction.
Bullish hidden divergence followed by continuing divergence.
Until the two strong support zones hold my short term view remains bullish here.
EURCAD Trade IdeaEURCAD moving in range now wait for breakout to trade or place your buy stop and sell stop.
Manage risk according to your account size.
EURCAD Analysis 13July2023the analysis of this pair is still in line with the last analysis. the price is heading to the SnD area and is stuck. there is a possibility of sideways before the price continues the bullish trend again.
EURCAD Bullish Breakout!EUR-CAD broke the key
Horizontal level of 1.45216
And the breakout is
Confirmed so I think
That we will see
Bullish continuation !
EURCAD Risky Long!EURCAD is trading in a
Rising channel and the
Pair made a nice rebound
From the rising Support which confluences
With the horizontal support Of 1.44330
I think we will see a move up !
EURCADAlthough I hardly trade EURCAD, I will not pass up an opportunity. Lol
Either side is possible, I may want to see market pulling up however a down side is equally very possible
EURCAD | Bullish Harmonic Reversal PatternBullish harmonic Bat reversal pattern formed and The price has rejected from the potential reversal zone ( PRZ ) its is likely to reverse the trend from here. Will it continue its trend or Reverse the trend by respecting the PRZ.?
EURCAD TradingView H1Here is my view for EURCAD on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
