EURCAD ANALYSISEURCAD BOUNCED FROM THE SUPPORT AND MAKING INVERSE HEAD AND SHOULDER .
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Eurcadsell
EURCAD - Bounce UpwardsThis move looks exhausted, I want to begin to see the bulls take control of this pair. I think a dip into the order block is likely before upside continuation into the targets marked.
EURCAD shortas we see eurcad just hit the monthly trendline and just like it did before it revearsed down and for right now we also see the head and shoulder pattern forming.
what we expect this last week of this mont is the retracement to the 61.8% or the 78.6% level, it can also head downwards.
tp levels are the given levels.
have a good week.
EURCAD 1H👋 Hello and welcome traders to another trade
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EURCAD ShortHello, This is my analysis for EURCAD at TF 1H.
Reason Sell : Hit Resistance
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EURCAD bullish flagAs we can see a regular bullish flag in H1 chart. and upper trendline.
So we expect a fakeout near trendline before short term fall.
EURCAD Sell,Good Luck traders,join and earnHello Traders, here is the full analysis for this pair
Watch strong price action at the current levels for Buy. GOOD LUCK! Great SELL opportunity in EURCAD ..
I still did my best and this is the most likely count for me at the moment.
EURCAD ( LET'S OPEN THE NEXT WEEK WITH EURCAD)looking for buying as long as price has tested the support
EURCAD SELL Trade IdeaLooking For A Downward Continuation With EURCAD
First Possible TP: 1.5337 Area
Second Possible TP: 1.53274 Area
Third Possible TP: 1.53108 Area
EUR/CAD Technical Analysis
The counter has broken its near-term bullish trendline.
Then it formed a head and shoulder pattern and has broken down the neckline as well.
Hence, we expect the pair to be bearish in the near-term.
EURCAD Short - Clear support and resistance
- Historical resistance which price has consistently rejected
- 1:4 RR
EURCAD, daily tf, sell ascending trendline break Hello my friends,
Another trade to take today is EURCAD pairs.
I've been watching this pairs since the big bearish candle took out that ascending trend line during December 4th.
We could see this pair go lower again because the last 2 days candle has failed to closed back above the trendline.
This trend line pretty much become a resistance now and there is horizontal resistance as well at 1.5530 area.
Notice EMA10- and EMA-20 now become a resistance as well and located around 1.5520-30 area.
We could draw a conclusion that 1.5530-20 area is an area of confluence resistance and it will take a big power from buyers to take this resistance down.
Notice also the last 2 daily candles are bearish pinbar.
It means sellers are in control of this pair and don't want EURCAD to go higher for now.
Sell EURCAD 1.5525
Stop loss 1.5580
Take profit 1.5360 (3R)
RR ratio 1 : 3
Use only 1-2% risk
Good luck
Disclaimer : i hold EURCAD sell from 1.5525
EURCAD, 4hr tf, sell after wave-4 retracementHello my friends,
Another setup for the coming week is EURCAD pair.
As you can see, the recent movement of EURCAD could be analyze using Elliott Wave theory.
We could assume the recent movement to the downside as an impulsive wave-1 and wave-3.
After this impulsive wave-3 we could expect price to retrace.
Wave-4 usually retrace around 23.6%-50% fibonacci retracement.
Well, for the best trade setup we could try to set a pending sell limit order around 50% retracement because it will give us a favorable 3R setup.
Sell limit EURCAD 1.5570
Stop loss 1.5610
Take profit 1.5450 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
After price move according to our direction for 40-50 pips, please set SL to BE or take partial profit
Good luck
EURCAD, 4hr tf, sell channel breakout retestHello my friends,
Last setup for today is EURCAD pair.
As you can see there is a ascending channel which has been broken recently.
Price retest this channel twice and failed to close back above it so i could say it is now a valid resistance.
We could see price rotate lower from this point.
The last 4hr candle also looks like a bearish pinbar which is a good indicators that sellers are in control for now.
Sell EURCAD 1.5490
Stop loss 1.5520
Take profit 1.5430 (2R)
RR ratio 1 : 2
Use only 1-2% risk
Good luck
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SELL SELL SELLhello team, expecting the current h4 to close as a bearish candle from supply as well as the golden zone. profits shall be taken at the neckline
EurCad can drop to 1.53Since August, EurCad is trading in a down trend.
The recent leg up seems to be finished and also on a 4h TF we can see a H&S formation
A drop under neckline support could lead to acceleration and a test of previous recent low.
I'm looking to sell this pair
