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Eurcadshort

EURCAD short opportunity live 🤟👍Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Short
by pow_removetheguesswork
1
EURCAD > Possible Way to Sell the EURO Against the CAD!!Friend, if I am helping you somehow, you can also help me by liking this post and commenting below. much appreciated Follow up on #EURCAD I might have a possible way to sell the EURO against the CAD at a very strong resistance level if the rules are met. As you can see we have a strong resistance level near 1.4800 good for looking for a sell trade for a possible move to the downside. Check today analysis below⠀ >>“There is no single market secret to discover, no single correct way to trade the markets. ____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Long
by TheTradersAvenue
24
Nice short opportunity on EURCAD 📉💪Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren.
Short
by pow_removetheguesswork
EURCAD short in progressing 👇📉Dinner time trade catch up and this trade is progressing nicely. Entry details are shown on the chart. We're only looking for TP3. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
EURCAD - BEARISH BIAS===== MARKET OUTLOOK ===== EUR - BEARISH 1️⃣ The ECB agreed on Thursday to maintain an elevated pace of bond purchases while upwardly revised projections for the bloc's economic growth and inflation for 2021 and 2022. 2️⃣ ECB governing council member Gabriel Makhlouf said on Wednesday that it's too early to discuss the end of the European Central Bank's Pandemic Emergency Purchase Programme (PEPP). CAD - BULLISH 1️⃣ Canada’s annual inflation rate quickened to 3.6% in May of 2021 from 3.4% in April and was above market expectations of a 3.5% rise. It was the highest jump in consumer prices since May of 2011. 2️⃣ The oil sector remains positive as demand for oil will increase in the summer. ===== TECHNICAL ===== - We're looking to short #EURCAD on SBR + pivot point level on H1 chart with stop loss above yesterday high. ===== RISK TO THIS TRADE ===== - This trade will hit stop loss if oil prices decline.
Short
by MonsunAsia
EURCAD - BEARISH BIAS===== MARKET OUTLOOK ===== EUR - BEARISH 1️⃣ European Central Bank President Christine Lagarde said that monetary and fiscal stimulus needed to be maintained until there were signs of a strong and sustainable economic recovery. 2️⃣ The European zone's trade balance this week is expected to weaken due to weakness in the trade balance in Germany. 3️⃣ Industrial production data today is forecast to be low following the decline in industrial production in Germany. CAD - BULLISH 1️⃣ The Canadian central bank was the first among advanced economies to slow the pace weekly of government bond purchases, now traders expect the next taper to come at the next monetary policy meeting on July 14th. 2️⃣ Crude oil prices rose above $70.9 per barrel on Monday amid signs of strong fuel demand in western economies. ===== TECHNICAL ===== We're shorting this pair on SBR level + SMA50 area + below Friday's high + Yesterday Pivot area on H1 chart.
Short
by MonsunAsia
EURCAD potential for further downside Prices are pushing down to make a lower low. If prices break through entry in line with 61.8% Fibonacci retracement and 50% Fibonacci extension fibonacci confluence area, prices might push down further towards horizontal swing low support in line with 100% Fibonacci extension. If prices bounce from fibonacci confluence, prices might push up towards horizontal pullback resistance in line with 61.8% Fibonacci extension. Ichimoku cloud is also above prices, showing a bearish pressure for prices.
Short
by TradeGATEHub
7 June: EURCAD looks good for longHello everyone! Seeing a trend reversal on EURCAD here, on the H1, prices could see a pullback to test the entry which is in line with the 78.6% Fibonacci confluence levels where we could see a bounce here. On the daily and H4 time frame, in terms of market structure, the resistance zones have been broken. I think we could be seeing a lot more upside on EURCAD for this week. In terms of fundamentals, markets will be watching ECB and BOC interest rates decision closely although we are not expecting any changes to the rates this time. BOC might sound less dovish as compared to its peers. Trade ideas posted here daily, follow for the latest updates. If you have any views on the currencies please type in the comments below, I'd love to hear them!
Long
by T3-Consultancy