EURCAD Short Term Buy IdeaH1 - Downtrend line breakout.
Bullish convergence.
Currently it looks like a pullback is happening.
Until the two strong support zones hold my short term view remains bullish here.
Eurcadlong
EURCAD Trading Plan - 15/Apr/2024Hello Traders,
Hope you all are doing good!!
I expect EURCAD to go Up after completing this correction.
I am biased for taking the recent low once again before giving a bigger correction upside.
Look for your BUY setups.
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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.
EURCAD,🟢Bullish scenario🟢Here is an EURCAD 15-minute chart, as you can see the price had a bullish reaction to the daily FVG, and also the price created lots of buy-side liquidity, so we expect the upward movement.
Now in the 15-minute chart, there is an untouched bullish order block formed below the sell side, liquidity so we expect the price to get support from this order block.
💡Wait for the update!
🗓️15/04/2024
🔎 DYOR
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EURCAD BULLISH SCENARIOWell! I'm expecting to see bullish move from there since price has reached an area of deep discount.
Sell EURCAD ECB Interest RateThe EUR/CAD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.4700. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
1.4656: This represents the first level of support within the channel.
1.4628: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.4720. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
EURCAD longyesterday i had two amazing bull runs with USDCAD and GBPAUD taking my acount balance from
$102 to $469. This morning during london i entered two seperate positions which was EURCAD and EURJPY. Both trade were in profit until after london then we got a huge move down causing mme to close at a -$78 loss. The account balance is now $361 and ive entered EURCAD for another long position at support.
EURCAD-Long IdeaEntry : Price broke through the trend line and the swing high of trend line. Will be looking to take longs from the bullish zone if the market taps it.
Stop Loss : Will be below the swing low.
Take Profit : TP1 will be at the bearish Zone, TP2 will be at the High.
EUR/CAD going upThe Canadian dollar will weaken to the upper support level.
The direction shown in the picture is perfect for swing trade.
#eurcad #buy
EURCAD→ Trade Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . EURCAD long
! Great BUY opportunity EURCAD
I still did my best and this is the most likely count for me at the moment.
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EURCAD BUY LONGLooking to buy after the break above the HMA on the 1HR TF, and will consider partial buying. Will buy again if it dips into the Buy Side LQ Swing/Zone. Buying strategy involves waiting for the break above the HMA and retest.
**This is solely my trading strategy and not financial advice.**
**Please trade with proper risk management.**
EURCAD I Long and short opportunity Welcome 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.
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EURCAD - Look for a short ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I look for a short. I wait price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block.
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EUR/CAD BUYWe are in an upward trend.
The Canadian dollar is weakening following the bar shown in the image.
EURCAD I It will keep dropping and bounce from channel support Welcome 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.
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EURCAD LONG - The Trend is Your Frie..Happy Wednesday Everyone!
Hope you are all well and blessed!
This is a swing trade for the rest of the year - Ideally, I would only like to be buying this pair.
Analysis
12M - Bullish structure & candle stick forming
6M - Still bullish.
3M - March is the last 3rd Candle to complete this candle stick. I'd like to see this push up more so we can start looking around 1.50
1M - This will form a strong bullish candle stick for March.
W - Continuation - Forming a strong weekly Bullish candle
D - Price is currently bouncing on a strong Daily previous resistance - now support line. Continuation after Monday retest on the Daily support line. Tuesday Forming a clear bullish candle stick suggestion continuation. Just have to be cautious of any strong wicks.
No heavy news EU or CAD this week, so this should be a bless trade.
Happy Trading/Investing
Please feel free to share your view
God Bless.
EURCAD Long TradeMARKET PHASE
OANDA:EURCAD is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure swing lows. Price violently moved down to trigger the sell stops (liquidity) to pair against the buy orders needed to take price up. Price has started it`s initial move up but due to the velocity of the downward move, it's gapped orders around 1.47110. Although price has already retraced back to this level and violently continued its move up as we expected - we had skipped this trade to avoid correlation risk with a OANDA:GBPCAD trade at that time. Now price has been steadily making its way down to the same 1.47110 level, it's likely we may see a second leg up.
TRADE
I will be entering long on OANDA:EURCAD with the following parameters:
Sell Limit: 1.47110
Stop Loss: 1.46565
Take Profit: 1.48200
EURCAD I Potential long from support zone Welcome 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 - Looking To Buy Pullbacks In The Short TermH4 - Bullish trend pattern.
Strong bullish momentum.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
Swing Is King - EURCADHTF Analysis as always - 12M, 6M, 3M & M
LTW Entry - 4H & 1H
S/R on the D and the W.
I see price heading towards 1.50
EURCAD - Bullish perspective ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here I changed my mind, so I will look for a long opportunity. I want price to continue the retracement to fulfill the imbalance and then to reject from bullish order block + FIBO 0.618 level.
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EURCAD - Expect AMD Pattern ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: As we can see here price accumulates for last couple of weeks so I expect we can see AMD pattern. Price to manipulate buy side liquidity and then to distribute lower.
Fundamental news: Next week we will see result of monthly CPI on CAD.
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EURCAD Short Term Buy IdeaH4 - Bullish trend pattern.
Currently it looks like a pullback is happening.
No opposite signs.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
