Eurcadtrade
EUR/CAD Multi-Timeframe analysisHi Traders
EUR/CAD Multi-Timeframe analysis
H1 CHART ( BEARISH )
Waiting for a retracement higher towards the 1.53175 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.53780 level.
Support & Resistances
1.52790 1.53175
1.52213 1.53780
1.51227 1.54766
H4 CHART ( BEARISH )
A medium high probability, entry signal to go SHORT was given at 1.53151 after the market found resistance at 1.53804 . Only the upward break of 1.53804 would cancel the bearish scenario.
Support & Resistances
1.53120 1.53782
1.52821 1.54414
1.52255 1.54980
DAILY CHART ( NEUTRAL )
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
Support & Resistances
1.52666 1.54016
1.50744 1.55924
1.47486 1.57096
WEEKLY CHART ( NEUTRAL )
The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track.
Support & Resistances
1.52666 1.59912
1.50518 1.62060
1.47707 1.64871
EURCAD ANALYSISEURCAD ANALYSIS
falling wedge
breakout
pullback
demand zone
confirmation buy
Please consider to put a like to my idea for supporting me & subscribe for more ideas.
Idea is not the financial advice!
EURCAD - SHORT; Right here, it's still a short ...... But we'll be BUYing up that Stop Hunt like there was no tomorrow!!
Here is the Weekly;
EURCAD bullish flagAs we can see a regular bullish flag in H1 chart. and upper trendline.
So we expect a fakeout near trendline before short term fall.
EURCAD/ LONGFX:EURCAD
S/L 1.53433 - T/P1 1.55375 - T/P2 1.55911 - T/P3 1.56659 - T/P4 1.57380 - T/P5 1.57858
EURCAD, Retesting Support, LongEURCAD, Retesting Support and continue Bullish uptrend! Trade when the Price action Tells!
EURCAD: Diagonal pattern is over,
The pattern has finished in the range of 1.5461, the first confirmation for the buy order will be received when, the price crosses the range of 1.5592 . Also by crossing the price from the range of 1.5310, this analysis will be violated. The potential volume of target for the uptrend is too high and around 500 pips.
EURCAD I WISH EVERYONE COULD EAT THE PIPS WITH ME From the Daily time frame perspective EURCAD is ready to go LONG
Don't forget to like and follow us
EUR/CAD Technical Analysis
The counter has broken its near-term bullish trendline.
Then it formed a head and shoulder pattern and has broken down the neckline as well.
Hence, we expect the pair to be bearish in the near-term.
400 pips short setupPrice touched a descending triangle on daily chart & broke out of the ascending trendline on 4H Chart, price is currently at minor resistance zone.
EurCad can drop to 1.53Since August, EurCad is trading in a down trend.
The recent leg up seems to be finished and also on a 4h TF we can see a H&S formation
A drop under neckline support could lead to acceleration and a test of previous recent low.
I'm looking to sell this pair
EURCAD 1D/8H AnalysisHello Everyone,
The EURCAD has reached the top of the descending wedge price has been traveling in on the 1D price chart. The top of this descending wedge coincides with the .618 Fib-Level on the 1D. A rejection here may signal a drop to the bottom of the wedge.
Looking at the 8H price chart, Hidden Bearish Divergence has formed on the price chart and MACD in the short-term. (see attached chart)
Upon rejection at the top the wedge, there may be a short-term move to the bottom of the wedge (1.5300 area). Upon reaching this area, price may move back upward or break below the descending wedge. A close below the wedge may signal further Bearish movement.
Thank you for reading and please comment your thoughts.
*This is not investment advise*
