EURCAD Major SellPrice is on a major resistance as you can see on the chart, RSI is also overbought.
Stop loss and Take profits are on the chart.
This will be affected by major economic news.
Stay updated.
CADEUR trade ideas
EurCAD sell this week SL above previous high of last weekWe are expecting EURCAD to sell this week,
A good bearish move to 146.200 price before bullish move... Last week candle end with a reversal candle indicating possible SELL on EURCAD this week... Stop loss should be place above the previous week a little.
Good luck traders.
EURCAD LongHere is a good opportunity to buy guys: Let's se how it will go and plazy out!
I hope I can book you some new profit!
Enjoy it!
EURCADWe looking for buying opportunities as we are still inside the bullish trend we will be looking to form a reversal pattern that will be confirming buys
short I am expecting a bearish market but with few buyers, strength aware of the wicks at the top.upcoming USA session with end up in bearish market
EURCAD - NEW BREAKOUT 📉Hello Traders !
After a Huge Bullish Move, The EURCAD Reached a Strong Resistance Level (1.47460 - 1.47800) and Failed To Break it !
At The Moment, The Higher Low is Broken (Change of Character).
So, I Predict a Bearish Move📉
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TARGET: 1.46665🎯
MAY 8th 2024 - EUR/CAD SHORTOVERALL GAMEV PLAN
* I decided to re-enter in EUR/CAD due to the fact that we reached the highs and a pull back is necessary (I mention re-enter because on MAY 6th I entered in it, but close it at breakeven because I didn't like how the pair moved up)
ANALYSIS IN MY FAVOR
* The pair reached the highs and now it needs to have a pullback in order to continue
ANALYSIS AGAINST ME
* Overall bullish sentiment lately on the 4hr
Below we goAll ideas are strictly my interpretation of price action. I am not a professional trader nor are these ideas professional advice.
I will try to update my positions frequently.
EURCAD - BEARISH REVERSAL BUTTERFLY PATTERNEURCAD chart in 4h time frame is printing Bearish Reversal Butterfly Harmonic Pattern but there is no any divergence observed yet. But price is at Potential Reversal Zone of this Pattern.
Hence I'm taking short entry with Sell Stop Order on the breakdown of last Higher Low Level with stoploss above at last Higher High level.
EURCAD @ BUYING, Breakout the strong resistance..(READ CAPTIONS)📈🚀 EURCAD Market Analysis: Bullish Breakout and Targets Set! 🎯💼
Forex Traders, a significant update on EURCAD:
OANDA:EURCAD
📈 Bullish Breakout: EURCAD has successfully broken out of a strong resistance level, indicating a bullish continuation in the current uptrend. The pair has also moved past a consolidation range, further confirming the bullish momentum.
📊 Golden Crossover Confirmation: The golden crossover of the 200EMA and 50EMA has occurred, reinforcing the positive trend and providing additional support for the bullish outlook.
🔊 Volume Increase on Buying Side : Accompanying the breakout, there's been a significant increase in volume on the buying side, suggesting strong market participation and backing for the upward move.
🎯 Technical Targets: With the breakout, we are now targeting 1.4830 and 1.4950. These levels are identified based on the continuation of the trend and expected areas of resistance turned support.
📈 Trading Strategy: Maintain a positive outlook on your trades, monitoring the progression towards the target levels. Consider adjusting your stop-loss orders to protect gains as EURCAD advances.
Stay alert and keep a close watch on price action and potential resistance-turned-support levels as EURCAD progresses. Let’s capitalize on this upward trajectory for potential profitable outcomes! 🌟📈 #EURCAD #ForexUpdate #BullishTrend
EURCAD (Bearish)Starting your analysis and mapping out your support + resistances level from a higher timeframe such as the weekly or daily will give you a much better understanding of where price may be heading. Remember, to be able to determine the future more accurately, we must study our past. History repeats itself as they say.
*Always remember to let price action develop and use proper RISK MANAGEMENT*
EURCAD - Sell StopEURCAD - Sell Stop
- Bearish trend to follow after bearish reversal patter
- Take entry if previous HL is broken
EURCAD market maker sell;institution don't want you to know thisEURCAD has been having some couple of consolidation and higher time frame retracement to fill a -FVG on the daily chart. at the repricing to daily institutional reference point we see price give nice strong signature for the possible sell expansion to most likely take out the draw on liquidity(DOL) at sell side on the daily chart. Enjoy the bearish ride the green promising way
EURCAD SHORT
Daily:
- Daily retrace position
- Solid candle close
- Strong S&D zone (a lot of sellers)
- New liquidity has been taken on the daily
and we can see a SoM on the 4H
Weekly:
- S&D zone is with us
- Long term we are bullish, so this can be a very quick in and out trade
4H:
- Bearish MS (possible)
- H&S with BoS (If last 4H candle closes like this)
*After fresh liquidity, bears are kicking in
CATCH EURCAD NEXT BIG SELL MOVE INSTITUTION IS PLANNINGEURCAD has been having some couple of consolidation and higher time frame retracement to fill a -FVG on the daily chart. at the repricing to daily institutional reference point we see price give nice strong signature for the possible sell expansion to most likely take out the draw on liquidity(DOL) at sell side on the daily chart. Enjoy the bearish ride the green promising way
swing entry long in eurcadlets take this entry just using market stracture we have the market bullish
EURCAD Will Go Down! Sell!
Please, check our technical outlook for EURCAD.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.478.
The above observations make me that the market will inevitably achieve 1.474 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
5/8/24 - EURCAD SELLpost trade analysis video:
also analyzed/updated 2 other pairs, however, ECAD trade idea presented an opportunity first so i only took 1/3 setup's.
went for a 1:3 RR, aiming for the 15 min demand
trade hit TP ✅
praying for a downfallAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this
professional advice.
EURCADWe can attempt to short EURCAD from LH , also 0.5 FIB , trendline resistance , also bearish divergence occur on 1 hour timeframe indicate that it move downward.
SL , TP mention in chart.
