[EURCAD W3 Sept 2021]EURCAD
Short Setup
👉🏻 Price did not break the previous high, in fact formed a lower high. Possible Wave-2 here is made up of a complex 3 waves' move.
Eurcadshort
EURCADlast day price make an large uptrend channel and it’s already broke with retest, but wee still didn’t know where price will go, but my personal opinion i will going short in this pairs.
EURCAD Intraday ShortsMorning everyone I am looking at EURCAD intraday shorts to the 1H 800ema. After the big move down yesterday we have a great market sentiment line on the 15 min chart for potential shorts. The 1H 800ema being the first profit target level.
EURCAD SHORT Here is my short idea of EURCAD. It is possible to expect some further downside on EURCAD with a strong Crude.
EUR/CAD:FUNDAMENTAL ANALYSIS + HARMONIC PRICE ACTION ⚡️The Final German CPI for August was reported flat at 0.0% monthly and increased 3.9% annualized. Economists predicted a flat reading of 0.0% and an increase of 3.9% annualized. Forex traders can compare this to the German CPI for July, which increased 0.9% monthly and 3.8% annualized. The Final EU Harmonized German CPI for August increased 0.1% monthly and 3.4% annualized. Economists predicted an increase of 0.1% and 3.4%. Forex traders can compare this to the EU Harmonized German CPI for July, which increased 0.5% monthly and 3.1% annualized.
French Industrial Production for July increased 0.3% monthly. Economists predicted an increase of 0.4%. Forex traders can compare this to French Industrial Production for June, which increased 0.6% monthly.
Spanish Industrial Production for July is predicted to increase by 5.9% annualized. Forex traders can compare this to Spanish Industrial Production for June, which increased 11.1% annualized. Italian Industrial Production for July is predicted to increase 0.1% monthly and 5.4% annualized. Forex traders can compare this to Italian Industrial Production for June, which increased 1.0% monthly and 13.9% annualized.
The Canadian Employment Report for August is predicted to show the creation of 100.0K jobs and an Unemployment Rate of 7.3%. Forex traders can compare this to the Canadian Employment Report for July, which showed the creation of 94.0K jobs, and an Unemployment Rate of 7.5%. The Participation Rate for August is predicted at 65.2%. Forex traders can compare this to the Participation Rate for July, reported at 65.2%.
The Canadian Capacity Utilization Rate for the second quarter is predicted at 81.2%. Forex traders can compare this to the Canadian Capacity Utilization Rate for the first quarter, reported at 81.7%.
The forecast for the EUR/CAD remains bearish after this currency pair failed to keep its uptrend alive following a lower high.
Short EURCADPrice has broken the Channel and right now is around the support level. On the break of support and retest go short with good risk reward.
EURCAD: Perfect Sell ZoneThis zone is perfect to scale in your sell entries on EURCAD.
We can expect strong collapses once price captures enough orders.
What do you think of this analysis?
EURCAD - Bearish BiasEURO - Weak Bearish
1️⃣ Both Sentix and ZEW investor confidence are seen declining due to the rapid spread of the COVID-19 variant Delta in the region.
CAD - Strong Bullish
1️⃣ A risk-on market environment can support the strength of CAD.
2️⃣ Canada’s inflation rate rose to 3.7% in July, from 3.1% in the previous month.
3️⃣ The unemployment rate in Canada also dropped to 7.5% in July, reflecting the reopening of the country’s economy.
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Technical
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We are selling the EURCAD after it failed to break the resistance.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
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EURCADAs you can see there is a bear flag pattern in formation and now it has retested the trendline and ready to go down.
EURCAD DAILY TIMEFRAME SELLWe consider selling this EURCAD pair because of a strong resistance above. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
My EURCAD Swing Trade IdeaLooking to short EURCAD as I see further pressure on the EUR with rising cases of the Delta Variant and economic issues surrounding the outbreak.
Short20th Aug 2021
Short EURCAD
Touched the given top and made
a Bearish candle (shooting star)
we can open shorts at current level
1.50635-1.50000
for target area 1.49329
2nd target 1.47643 & 1.46612
stop loss 1.51020
EURCAD h1 short idea supply zonePossible bearish movement within the next period to 1.50300. SMI 15 m + 30 m + 1 hour Stochastic momentum oversold.
EUR/CAD SHIRT TRADE IDEAEUR/CAD Signal
Market Sell: 1.50940
Stop-Loss: 1.51600
Target 1: 1.50000
Target 2: 1.48720
Stop-Loss: 66 pips
Risk: 0,5%
Risk-Reward: 3,35
EURCAD and the probable path: bears are dominant (Elliott)As you may see in my previous analysis on this pair the pair retraced to 38.2 fibo ret. You can see the previous analysis here ( ) The nature of the wave tells us that the move was a corrective one, and now we can see that the market is in hands of bears so we can tell that wave 5 is in progress. For wave 5 we can expect 61.8 ext of wave one to three and based on this fact the path forward to the instrument is drawn.
EURCAD Short OpportunityConfluences on the pic. H&S, retest, fib level, nice strong liquid break and slow re-test to the zone. Look out for a potential setup after rejections on the key level
✅✅ EURCAD LONG ✅✅What we see on EURCAD is quite clear and nice, price bouncing between two trendlines,
And for now we are in really strong area which you can see as gray rectangle
❗️ 1st lets wait for price to close above our support then set this order ❗️
2nd: set our 1:5 order and fly with the price
⚠️Take Max 1% of your capital on this trade⚠️
Lets see how price respects our each scenario
👇🏻👇🏻👇🏻 Any question comment bellow 👇🏻👇🏻👇🏻
GOOD-LUCK EVERYONE
EURCAD SHORTUse Money Management
be happy to get advices to my analysis
have nice journey on TRADING ...
VERTEXCHARTS | EURCAD 4HR TIMEFRAME ANALYSISEURCAD continues to rise up in an uptrend channel range
The pair has recently formed a minor support and resistance making it to form a range.
EURCAD 4Hour This is the EURCAD on the the 4 hour time frame, lol and to be honest im lazy to tell you what i think hahaha so LETS JUST WATCH AND SEE HOW THE PRICE MOVES #EURCAD
EURCADOKAY so this is the daily time frame of the EURCAD which i found interesting price action that got me asking myself one question ,IS THE PAIR GOING UP OR IS IT GOING DOWN?
Lets watch and see !!
