EURCAD, Expecting Downi am expecting EURCAD down because of its liquidity zone is available on its resistance level
Eurcadshort
EUR/CAD :: Create a buy position .EUR/CAD :::
The price is slowly moving in the downward channel and the orange line has supported it well and it is time to move towards the blue line which is currently playing the role of resistance .
EURCAD possible sell setupEURCAD was trending bullish from quite a while we shorted it last month from the top and now market is back at the same strong resistance area with also a strong supply zone
i am looking for a bearish rally down to the mentioned area
look for confirmations on lower time frames and sell EURCAD with your own money management
key to remember is both scenarios possible which after mentioned there it can drop straight or it can drop after a spike to upside
always remember patience an discipline are the key to success
EURCAD Trading Plan - 12/Jan/2023Hello Traders,
Hope you all are doing good!!
I expect EURCAD to go Down after finishing the current wave.
Here, we are expecting a bigger correction as of now & if we get that, the updated idea will be shared for the next potential trade.
Look for your SELL 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 short long term Expecting a sell off on eurcad since it's been breaking structure to the down side,and now the expectancy is selling from the extreme level.
EURCAD (SHORT) 🔥🔥🔥ENTRY OPPORTUNITY
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in this analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck
I Went short on EURCAD :)I saw price show resistance at around 1.43350 area as well as a possible change in trend to the down side. If you take a look at the weekly we see a higher timeframe resistance around 1.45500 area. Down side would be if price were to break our resistance (1.43350) and push higher, reason would be for that strong bullish move on the weekly. Time will only tell! Let me know what you think!
Thank you!!
EUR/CAD Analysis / ShortAs long as the EUR/CAD parity remains below the 1.4625 level, I think it can first see 1.4240 and then 1.3950.
EURCAD Idea H1Happy new year 2023! Here is my view for EURCAD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURCAD shortwe must wait for reaching the target sell place.
Entry at this point only shown in the graph with putting stop loss and take profit.
divide the target into two parts and change the stop loss and put it on the entry level .
EURCAD LONGPrice formed the second leg of the W formation on Wednesday, and since then it has been bullish and now it has broken the previous resistant zone and use that same spot as support zone and buy to the 1.45930 zone.
Short EURCAD d1: the price fall down from strong supply zone with some bear pinbar
h4: the price break the key level of up trend wave
h1: the price is on down trend, after break the key level of uptrend h4, the price had made retest and creating double top pattern
then open a short position
R:R target
1:9.14
EURCAD ANALYSIS.Currently it is in ranging,
Going Short for small chunk but feeling confident that it has not touched its Top yet.
More can be seen on chart.
HAPPY TRADING FOLKS!
EURCAD, waiting for sell signal on H4I am waiting for the confirmation of the declines, i.e. the breakout of the support. If this doesn't happen, setup is canceled.
TP around 1.428, around 200 pips.
GG
P.S. This is not financial advice of course, just my idea.
EURCAD IDEA FOR SHORTWell we saw some bullish momentum,who took a trade from start of the move,it was a 300 something pip move,as always patience pays the bills.
Now for this week my bias is bearish if we see rejection or some kind of a reversal pattern,expecting to make a pullback from 1.46140,but if the price breaks above 1.46140 then i will be looking for a buy opportunity,if we put fib retracment,we can see 0.5 fib is where my tp is set.Happy trading guys and good luck.
EURCAD - Long from bullish orderblock ✅Hello traders!
‼️ This is my analysis of EURCAD.
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to continue the retracement to fiil the imbalance lower and then to reject from bullish orderblock.
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[UPDATE] SELL Trade Triggered Quick update on this trade idea on Friday the TRFX Pro indicator give a couple of signals on the 8hour which was the green light to enter this position read my related post on the reasons behind this setup.
As the position moves in our favor will trail the stop and take profits at certain points ::)
All Systems Go Go Sell Sell ??The CAD pairs across the board have been grinding higher recently and are all extremely over extending and a SELL off is to be expected pretty soon.
In my previous idea where I was waiting for a signal on my TRFX KING above 1.40 on a chart ranging from the 8hr to the daily so I could enter a trade no signal has occured on any of these charts yet and price blew straight up through this level
The EURCAD has now entered the Monthly SUPPLY/SELL starting at current price and is slowly grinding higher, you can see buyers are running out of steam and a correction down towards the 1.37500 area is on the cards.
We may get 1 final push up towards 1.45 though I will be entering the first signal on my TRFX king indicator that happens between the 8hr and daily chart this is a great setup.
Again it's simply waiting for the entry signal then all systems go
EUR/CAD, in a downtrend ?Since August 2021, the price of EUR/CAD seems to be changing its trend and forming a new downtrend channel.
Several areas are to be monitored, in particular the 0.61 points of the fibonacci and the first supply zone at the level of 1.5050 - 1.5250 which is at the intersection of the 2 channels.
Then the second supply zone seems to be a strong resistance, to be monitored as well if EUR/CAD continues to progress. A long-term objective would therefore be to return to the low point of August/September 2022 at 1.2880 PIPS, then to continue on the second demand zone.
EURCAD, i am short in D1In EURCAD, i am short in D1 because there is an POI available and i think that market will fall from here till unmitted POI
Should You SELL EURCAD Now ??We have now entered a Weekly SUPPL/SELL zone and approaching the 1.40 level which is a previous strong weekly & monthly support level so will so we will expect some resistance here.
I am now activily looking for SELL signals using my custom indicator on timeframes 4hr to daily the first easy target for this setup if iit occurs is the 1.37 area which is the previous HIGh in the current leg up and a further drop down towards 1.35 could be on the cards as that is a nice Weekly DEMAND/BUY level.
Let's see how we go please booast and comment :)
EURCAD has a short position.EURCAD is ready to start DOWNWARD to next resistance. This is just an analysis. If you feel it helps you and this analysis is correct, you can enter the trade at your own discretion with the appropriate volume and SL.
