Eurcadshort
EURCAD Trading Plan -- 26/May/2021Hello Traders,
Hope you all are doing good!!
I expect EC to go down for completing the correction.
Look for 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.
EUR/CAD Potential Downward Movement 🚀 Technical Analysis:
The price is trading inside a bullish channel where it managed to break it to the downside. Now, the pair has formed a wedge formation which represents a correction. This will push the price temporary to the upside before it tumbles and reach the target profit.
-------------------------------------------------------------------------------------
Trade Idea:
Sell Limit Order @ 1.4725
Take Profit @ 1.4675
Stop Loss @ 1.4750
Trade Safely 🙂
EUR/CAD Multi-Time frame analysisHi Traders
EUR/CAD Multi-Timeframe analysis
H1 Chart (Bearish)
A medium probability, entry signal to go SHORT will be given after the completion of a bearish trend reversal on the lower time frame at 1.46867 after the market found resistance at 1.47157 . Only the upward break of 1.47157 would cancel the bearish scenario.
Support & Resistance
1.46686 1.47146
1.46415 1.47270
1.45955 1.47431
H4 Chart (Bullish)
The completion of a trend reversal formation at 1.47288 has forced us to close our position earlier than we had planned. Now we are looking for the next opportunity to enter the market.
Support & Resistance
1.47410 1.47757
1.46415 1.47997
1.45810 1.48992
Daily Chart (Bearish)
The completion of a trend reversal formation at 1.47607 has forced us to close our position earlier than we had planned. Now we are looking for the next opportunity to enter the market.
Support & Resistance
1.47237 1.48156
1.45810 1.52092
1.44426 1.53833
Weekly Chart (Strong Up)
Waiting for a retracement higher towards the 1.47237 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.50518 level.
Support & Resistance
1.45810 1.47237
1.44478 1.50518
1.42626 1.51914
Stochastic Bearish Divergence1. 4H TF - Price is at resistance
2. 1H TF - Stochastic oversold pointing down
2. 15m TF - Bearish Divergence
Are this enough confluence to open a short position?
A short setup for EURCADA strong resistant level with rejection, a possible continuation to the downside.
EURCAD: very nice short opportunity on 15mHi Traders,
This is my view on this pair for the next few days.
#EURCAD
SELL 1.472
SL 1.474
TP 1.46
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen
EURCAD SELL Position4HR TrendBroken / Under Resistance / Candle close under trendline confirms actual break .
SL and TP positions indicated in chart
EURCAD - SHORT SETUP (WATCH VIDEO)ALL INFORMATION IS PROVIDED IN THE VIDEO. TRADE SMARTLY. !!!!!DONT FORGET TO SMASH THE LIKE BUTTON!!!!!
EURCAD foaming bearish pennantsHello Guys Welcome back to another profit week
If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions
Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
EURCAD in a bearish pennants, the price is still consolidating more buyers or sellers usually decide to jump in on the strong move, forcing the price to bust out of the pennants formation , I think there will be a buy entry for long , lets watch together
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Please support this idea with a like, if you find it useful
have a good profit week guys
EURCAD approaching 1st resistance, potential for a reversal!Price is approaching 1st resistance, which is in line with 38.2%, 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal pullback resistance. We could potentially see a reversal at this level and further downside towards 1st support, in line with 61.8% Fibonacci extension and horizontal swing low support. Price is also holding below the Ichimoku cloud and descending trendline resistance, showing signs of bearish pressure in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCAD SHORT POSITION SELL STOPThis is NOT financial advice . Simply TA for opportunities in the market .
—Break in structure on the 4HR but waiting for candle to close . Looking for a short position once we break minor support on the higher low . Mobile at the moment so SL and TP are on screen.
EURCAD is approaching resistance, potential reversal|10 May 2021Prices are facing bearish pressure from our descending trend line and resistance where we could see a reversal below this level.
EURCAD is approaching resistance, potential reversal|10 May 2021Prices are facing bearish pressure from our descending trend line and resistance where we could see a reversal below this level.
EURCAD Will Continue Its BEARISH Movement!!After seeing a great BEARISH movement, EURCAD managed to make a substantial BULLISH retracement followed by a BEARISH continuation. If we look at today candle, we see a great BULLISH candle which I classify it as a "deception" candle. This candle form as a short term retracement candle for EURCAD and retest the broken level. I will be expecting a BEARISH continuation till the support at 1.4470.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
EURCAD is facing bearish pressure | 7 May 2021Prices are facing bearish pressure from our resistance where we could see a reversal below this level. Ichimoku cloud and EMA are showing signs of bearish pressure as well.
POTENTIAL BEARISH CYPHER ON EURCADWAITING FOR TRADE TO TRIGGER AT THE %78.6 LEVEL OF THE X to C LEG. TP1 = %38.2 OF C to D TP2= %78.6 OF C to D (TARGETS WILL MOVE HIGHER IF D PUSHES ABOVE ENTRY STOPLOSS= 1.13% OF A to X STOPLOSS MOVES TO BREAKEVEN ONCE TP1 IS HIT AND HALF THE POSITION IS REMOVED
EUR/CAD New Analysis And 2 Setups Available To Catch 300 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
