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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Eurcadlong
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.
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.
ICI (Impulse correction Implulse)There is nothing more interesting that seeing an impulse and waiting for a retest in a trending market. Formation of weekly demand area (Bullish market), price breaking a resistance to the upside (impulse correction impulse, in a trending market sign of bullishness). All we can do is to wait, and see if there will be any signs of rejection on lower time frames on the support zone. If there is then it is a longing opportunity.
Make sure to make good use of risk management!!!!!!!!!
EUR/CAD Running In 70 Pips From Last Video,Need A Daily Closure This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURCAD LongWe have a bullish market structure, where the price managed to make 3 touches of ascendinding trend line and closed above daily support level.
Currently i'm waiting for the price to retrace the 1.465 level which is also a 4h-50% of fibonacci retracement tool to take long position after getting candlestick signal for confirmation.
EUR/CAD Giving A Good Bullish Price Action , Time To Buy ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURCAD Expectation Next WeekAfter a strong close daily flip for this pair
i think it is fair to assume we can now look for
a pullback and retest to buy to trade along
with the trend.
We can wait on the lower timeframe 1h or 30m
which ever u are comfortable with trading
for pull back
One thing to note is to watch how price action
plays if it breaks below the zone as we dont know
how deep the pullback would be.
its safe to wait for price to come to the zone
and breaks out upward with momentum
Ultimate target would be the daily key resistance
zone.
EURCAD - Bearish price action ✅Hello traders!
‼️ This is my perspective on EURCAD .
After change of character here I am looking for shorts. We can see a rejection from bearish order block, so I expect bearish price action continuation
‼️Attention!!! Due to the fact that we have news events on CAD next Wednesday and Friday, the analysis can be invalidated.
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Intraday BUY setup on EURCADHi Guys,
In all honesty, I thought this trade has been shared.
Anyways, if you are still interested, you can join and run with a few pips toward the intraday target.
Or, wait for the price to retest the entry zone, then we look for a potential SWING short position there. Stop-loss of 55pips
Targeting the Daily MLoMS zone.
Buying $EURCAD hereTrade type AAA
Reasons for taking this trade:
We are longterm bullish hence it would make sense to take buys here.
The liquidity pool at 1.43300 has already been filled.
1HR candlestick has closed bullish and its engulfing (the better)
We have had the 3 touch move already in which our bias is supported by the liquidity pool as explained above.
We are 2 hours past London open hence there is liquidity.
I am targeting to areas for TP.
Trade type glossary
Trade type AAA - Very good
Trade type BBB - Nice
Trade type CCC -🧐
This trade is based on the analysis of my previous idea: