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Eurcadshort

Higher sell possibility on EURCAD!EURCAD has chosen to trend down. Since April 2022 the market was held in a ranging phase where the market made almost equal swing highs and lows. We are currently witnessing a strong breakout of this ranging market to the downside. This may suggest that bears are taking over and there's high chance that bears will send price lower to April 2015 low. I will consider going short on this pair but first I want to see the market reversing to retest the broken structure and look for strong bearish signs to the downside for selling opportunities and my goals will be 1.3195 and 1.3054. Please support this idea with likes and comment. I will highly appreciate it.
Short
by Forexintelligence_NA
EURCAD - Broken Support EURCAD - Sell The Weekly major support level has broken amidst unsettling european events. The level should now turn resistance and has already tested it. Entry: 1.3376 Price has bounced of former support now turned resistance, Stop: 1.34103 Above the support area, if price breaks through to this area, it'll have taken out previous highs and possibly looking at change of trend. TP I have highlighted key profit taking areas, can use a trailing stop and move trade to breakeven when certain amount in profit for risk management.
Short
by dinomalik
EURCAD – Short at top of the range – the week of 20 June, 2022It is obvious that: This pair is in a down trend, Recently, price has been in a range (consolidating) between 1.3750 and 1.3390. Taking a short at the top of the range would be a high probability trade that is in line with the major trend. This what I intend to do with target just above 1.3390. Even with a generous stop, this has the potential to provide a +3R trade. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management and stay patient in all your trades.
Short
by Trading_Vista
eurcad short ideaEUR/CAD have been really bearish since 24th of June , there was a wyckoff distribution before the fall down to the current price at 1.3523. so the general trend is obviously down and with the bearish market structure still being respected , I'm on the bearish mode with this pair of $EUR/CAD . if we look thoroughly to look for some other bearish confirmations , the fact that the price broke down under 1.3548 ( a strong previous support) is one other bearish confirmation , and with the current 4 hours candle trading with a huge up wick is a sign a sellers being in control of the market , and if we look left there is a huge limo candle that is currently being filled so i'm expecting it to be fully filled ( I'll do an educational post about the concept of the candles fill don't worry ) , so with all this technical confirmation my biggest odd is with the sellers , so if we break under 1.3512 ( this is were the safest sell is at ) there is a high probability of price continuation down to 1.3451 . I hope the instructions are clear if you find the post of use and value please do support it by liking it and commenting it , and make sure to follow me if you didn't yet so you don't miss the new posts notifications many analysis and trading setups are to come so don't miss any ! I see you soon in the next post !
Short
by Gol-DTrader