EURCAD can flash upEURCAD showing interest in going up from here. With tighter stop it will most likely be able to ride upward.
CADEUR trade ideas
EUR/CAD will go For Correction Wavewe have two scenario
First scenario : price will pull-back for correction wave and create higher low at black arrow or between 50:61 fibo level , so u can go short now and take any target or when confirming higher low in H4
second scenario : price will break current resistance area green arrow may be powered by news for CAD that will price to go up and we can go long and take any target
i personally prefer to go with low lot with first scenario and go with high lot with second scenario because second is walking with general up trend but i can take a trade with correction wave
have fun :)
EUR/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are going short on the EUR/CAD with the target of 1.478 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EURCAD 4H BUYTRADE IDEA: EURCAD 4H looking for a long term bias as the market is trading above the bullish flag anticipating for buying opportunities. NOT FORGETTING WE HAVE CAD FUNDAMENTS AT 2:30 PM
EURCAD - BUY
EUR Very Strong
Has had pull back
Has Broken Final Resistence
Very Little Resistence of Orders to the left on a Volume Prolife
Invert chart looks even better.
Trend is Up
Lets See
if I get this right
I'm a Legend : )
✅EUR_CAD BULLISH SETUP|LONG🚀
✅EUR_CAD is trading in
An uptrend and the pair is
Consolidating above the
Key horizontal level of 1.478
Preparing for a bullish move
Up so we will be expecting
A retest of the target level
Above at 1.482
LONG🚀
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EURCAD - Bearish Reversal - 20/05/2024USDCAD has been trading in a strong Bullish Trend. No divergence Divergence has been observed on the 1 hour RSI.
The price action currently seems to be printing new lows - a potential reversal into a strong Bearish Trend.
If the price action breaks out the 1.47493 level, the price could continue in a downward towards the 1.46225 level.
Trade Plan: Short
Entry: 1.47493
SL: 1.48127
TP1: 1.46859
TP2: 1.46225
EURCADI use the opposition of two important areas to sell, of course, after taking liquidity from the market.
EURCAD Under Pressure! SELL!
My dear followers,
This is my opinion on the EURCAD next move:
The asset is approaching an important pivot point 1.4778
Bias - Bearish
Safe Stop Loss - 1.4804
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.4737
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EURCAD APPRAOCHING A MASSIVE ZONE Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
EURCAD APPRAOCHING A MASSIVE ZONE. 📚
👉As we can see price is still overall bullish trading inside this rising channel making clean higher highs and higher lows, especially after breaking above our previous major high.
👉Moreover, As the price will be approaching our upper supply zone a massive one, lining up with our upper bound of this channel, acting as an over-bought zone. where we will be looking for new shorts as a correction movement. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
EURCAD BUY BIASPrice has been bullish , making successive HH and HL, hoping to take a long position from any of the zone below, targetng the previous HH,
This is just a financial advice not a signal,
1st zone is a flipzone and its in the premium, and ideally its wrong to take a long from premiums pricing ( tho it's in the discount of the recent range, but i like taking entries from the structural range). So the second zone below is my preferable option as it aligns with the discount of the structural range
EURCAD CRITICAL ZONESAt these type of ideas i will try to show you were the charts have big possibilities to bounce back , depends on ICT point of view.
Have in mind that those special zones are NOT trade signals , but areas where you have to applicate your specific strategy.
EURCAD UPDATE !!!www.tradingview.com
below 1.4800look for further downside 1.4770 & 1.4750 as targets.
EURCAD Is Very Bullish! Buy!
Please, check our technical outlook for EURCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.479.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.482 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
EURCADEURCAD
we looking for more bullish momentum meaning that we expecting a zone that to be retested
EURCAD LONG
Daily:
- Bullish M
- Clear S&D zone
- Impulse/ correction
- Bullish momentum
Weekly:
- 4/4 criteria
*Weekly wants to go to the W -27
(aligns with Daily -27)
*Very strong resistance where we broke above (a lot of bullish power needed)
4H:
- Bullish
- Bullish M
- ABC pullback
*Bears are coming corrective in the leg down, bulls have more power (+)
EURCAD: Intraday Bullish Signal! 🇪🇺🇨🇦
EURCAD formed a nice bullish flag pattern on an hourly time frame.
During the NY session, the price went up and violated a resistance line
of the pattern.
The market may keep growing on Monday.
Goal - 1.482
❤️Please, support my work with like, thank you!❤️
EURCAD - Potential BearishnessEURCAD has completed its Bearish Gartley pattern and has formed divergence as well. Hence, because of multiple confluences, there is a bright chance that price will move down.
EURCAD added to my hotlistFrom my view, EURCAD should be bullish to finish filling up that daily FVG to the top...
supply and demand liquidity grabafter the liquidity grab during asian session . market grab liquidities at ny session and now goaing into above supply
EURCAD | Short D1 | Market Exec |Oil Over EuroTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 time-frame. D1 is also entering Overbought Conditions.
- Price action is at last month's Resistance Trendline
- Price action is in a Consolidation zone
- Targeting the 38.2% Fibo retracement
Fundamental Confluences for Trade:
- ECB plans to cut interest rate next month would weaken the EUR
- Oil price should sustain with all the ongoing geopolitical risks; supporting CAD economy
Suggested Trade:
Entry @ Area of Interest 1.4760 - 1.4790
SL @ 1.4820
TP 1 @ 1.4709 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.4664
Risk-to-Reward @ Approx. 2.34 (Depending on Entry Level)
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If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.
If you want something analyzed, do drop me a DM. :D
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.
Any websites / brokers / applications suggested here are also provided as informational purpose only.
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✅EUR_CAD WILL KEEP GROWING|LONG🚀
✅EUR_CAD is trading in an uptrend
And the pair was making a bearish correction
But is now about to retest a horizontal support level of 1.478
From here I am expecting the pair to go up
LONG🚀
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EUR/CAD still bullish but..EUR/CAD still bullish on internal own canal line but in 1.47820 zone has support Needs to retest that zone + clear liq 1.495-490 be patient
