EURCAD short, a possible retracementthe bearish candletick at the pivot point points to a clear bearish move, at least a retracement of the upward trend
Eurcadshort
EURCAD DON'T MISS THIS GREAT SELL OPPORTUNITYHello, here is my analysis for EURCAD .
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Intraday ShortMN-W1 price above ema-20/50/200. D1 price is above ema-200, price appears to be consolidating on as ema-20/50 are intertwining with consolidating falling wedge pattern. Price has bounced back several times from the high of 24-03-20, each time before reaching its price target a correction appears suggested by price trending above H4-ema-20/50.
D1-MACD bearish with increase in divergence. H4-MACD bearish with increase in divergence. H1-MACD bullish with increase in divergence, however price is still below ema-20/50/200. This could suggest possible oversold condition on -H1 meaning a correction is due on the shorter timeframe before resuming bearish trends. From the bearish trend starting 05-06-20 price has constantly respected the 5m-ema-20 breaching it and testing 5m-ema-50, however, recently price has now gone as far as testing the 5m-ema-200 and reversing with the equal support from the macd which was not the case previously.
1) SELL -H1: Market Execution
Stop Loss: 1.5160
Take Profit: 1.5060
2) If price is still in its correction stage, wait for price to move above 1.5190 which 15m-ema-200 which may be prices next target.
SELL -H1: Sell Stop: 1.5190
Stop Loss: H1-ATR above entry
Take Profit: 1.5060
EUR/CAD Long? Short? Who KnowsPrior to this analysis I said we may be going short but we may still be going short if support is broken. Watch this one.
The EUR/CAD Debate..Well Im not going to bore you with a whole lot of writing.
The analysis is above.
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EURCAD drops down now,...1hr candle closes with strong bearish momentum, drops from resistance and now we should hopefully see the rally downwards...
EURCAD STRUCTURE SHORT| SUPER TRADE
The pair is trading in the falling channel/bear triangle on the daily timeframe. It is now on the intersection of the channel resistance line and a massive
horizontal resistance level.
There is a minor support structure on 1H timeframe that was broken with confirmation(the candle closed below the level)
>>short from the pullback.
Stop loss is above the local high.
The ultimate target is the local support line visible on the 4H chart. It could be said that it is forming the triangle pattern bottom support line.
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EURCAD: Rejection From Resistance Level...CONSOLIDATION PHASE!!!What we can see now for EURCAD is that price level is consolidating within the strong support and resistance level @1.5075 and 1.5320 respectively. Will trade the consolidation price action for now. If we look at Bollinger Band, we can see price level have rejected cleanly from the upper band heading back to the lower band which is the support and resistance level we are looking at as of now. Good risk to reward trade!!!
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We made 200 pips from EUR/CAD this weekHello traders,
We posted free signal in our Telegram this week for EUR/CAD and it made us 200 pips in one day. Now price again is at the same resistance line. We can see price has been rejected and now is headed back to support line.
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EURCAD H1 SHORT PRICE ACTION FORECASTIn the realm of H1, price action was able to manage the breakout of the rising trendline. Generally speaking, the pair has been trading sideways, forming a channel in H4 but under a clear bearish momentum in D1.
A sell-limit entry can be placed. In case the pullback can trigger it before continuing its downtrend momentum. The following setup has enough room for a:
S/L: 27 pips - R:R | 1:3 - T/P aiming to support the black dashed line's level.
EURCAD SELL OPPORTUNITY UPDATED!Hi Traders, here is the full Update Analysis / Breakdown for EURCAD.
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Conditions -
1.Wait for confirmation(Wait For Price Action Confirmation / Market Environment Change )
2.Use Risk Management (Risk 1% of your capital)
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EURCAD | TF: H1 | Bullish, BearishEURCAD is expected to rally to L2 and reject to L3 relative to the previous Peak Low.
