EURCAD.PRO.OTMS trade ideas
EURCAD1.EURCAD is in a major Uptrend.
2.The price is forming Higher Highs and Higher Lows.
3.The moment the price reaches either a Support of Resistance Trendline, It buys or shows.
4.In this case, the price has to buy since it reacted from the support trendline.
5.We buy EURCAD
EURCADConsider this short opportunity on EUR/CAD, where the chart shows potential for downside movement. The setup aligns with a broader trend, signaling a likely continuation of bearish momentum. Entry, Take Profit, and Stop Loss levels are determined and visible on the chart, allowing for precise risk management. Keep an eye on price action to confirm bearish signals as the trade progresses.
Bearsih reversal?EUR/CAD is rising towards the pivot which has been identified as a pullback resistance and could reverse to the overlap support level.
Pivot: 1.52076
1st Support: 1.51182
1st Resistance: 1.53004
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EURCAD Bullish ContinuationEURCAD seems to exhibit signs of Bullish continuation.
Trade Plan
Entry @ 1.51130
Stop Loss @ 1.50100
TP1 @ 1.5216
TP2 @ 1.5319
No. of Trades: 2
Move SL to Break Even if TP1 hits.
EURCAD Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - CSAK + Entry in MALO
Note:
* Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
EUR/CADI expect EUR/CAD to make a continuation to the upside.
We allready started with the move.
waiting for the buyers to show up to execute a trade
EURCAD Again in a bullish wave - Short Term TradeEURCAD Again in a bullish wave
EURCAD is creating a new high above 1.5120
This bullish momentum today was created by the BOC CPI data which came in lower than the previous month Indicating further depreciation for CAD.
In the short term we should see EURCAD rising up to the top of the structure and a move above
1.5140 should push it further.
CAD BoC Consumer Price Index Core (Jul)
Actual 1.7%
Previous 1.9%
13:30 CAD Consumer Price Index (Jul)
Actual 2.5%
Previous 2.7%
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
EURCAD(Long)Turtle soup Trading Strategy
The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend.Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts.
It takes inspiration from the famous Turtles trading experiment, where novices were trained on a trend-following system.
BUY EURCADIn today's session we are monitoring EURCAD for buying opportunities. First entry at 1.50933, stops below 1.50739 and targets above 1.51472. Use proper risk management.
Selling eurcadWe just looking for sell
Wait for ths us session cad data coming
If this trend broken then we sell for longterm
eurcadeurcad has broken the downtrend. currently in the retest phase, waiting for a long position with a green candle closing.
EURCAD LongTrend and Context:
Overall Trend: The chart shows a bullish trend on the 4-hour timeframe for EUR/CAD. The price has been making higher highs and higher lows, and it is trading above the 50-period SMA (1.50285) and the 200-period SMA (1.48860), which reinforces the bullish bias.
Key Levels:
Support: The closest support level is just above 1.50691, around the lower trendline that has formed within the wedge pattern. This level also coincides with the 50-period SMA, adding to its strength as a potential support area.
Resistance: The target resistance level is around 1.52012, marking a potential take-profit zone. This level represents a previous swing high.
Technical :
Symmetrical Triangle Breakout: The chart shows a symmetrical triangle pattern forming over the last few sessions. The price is breaking above the upper trendline of the triangle, signaling a potential bullish breakout. This breakout indicates the continuation of the broader uptrend.
Moving Averages: The price is comfortably above both the 50-period and 200-period SMAs, signaling that the market is in a strong uptrend and the momentum is positive.
EURCAD Sell IdeaOANDA:EURCAD has been respecting descending trendline. Currently, It's retesting trendline where we can look for short term selling opportunities
EURCAD - Trading The Wedge...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURCAD has been overall bullish , trading inside the rising wedge pattern in orange.
At present, EURCAD is undergoing a correction phase and it is hovering around the lower bound of the wedge.
Moreover, it is retesting a massive demand zone marked in blue.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower orange trendline acting as a non-horizontal support.
📚 As per my trading style:
As #EURCAD is hovering around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
EURCAD Technical Analysis and Trade Idea👀👉 Our focus is on the EURCAD currency pair, which has exhibited bullish momentum on the 4-hour timeframe. However, as the price has reached a resistance level, we anticipate a potential pullback to the Fibonacci 50% to 61.8% retracement levels.
Our analysis encompasses key elements of technical analysis, including trend assessment, price action evaluation, and market structure examination. We'll also present a potential trade setup and, crucially, discuss strategies to approach it with an increased probability of success.
It's imperative to note that this analysis is provided for educational purposes only and should not be construed as financial advice. The insights offered are speculative and do not guarantee future market behavior. We strongly advise verifying current price actions before executing any trades.
This presentation offers an in-depth examination of the current trend, market structure, and price movements. However, it's crucial to understand that while this content aims to be educational, it does not ensure trading success. The foreign exchange market carries significant risks, and we strongly emphasize the importance of implementing robust risk management strategies in all trading activities.
Please understand that thorough research and careful consideration should precede any trading decisions. Stay informed, remain vigilant, and approach the markets with a well-prepared strategy. 📊✅
EURCAD1.EURCAD has been inside of the Triangle, showing a series of interest reactional zones from Both Support and Resistance trendline.
2.The moment the price reacted on a Trendline, its either it dropped/it rose.
3.It in cade, the price is reacted from a declining resistance trendline, which marks our entry for Sells.
4.We sell EURCAD
EUR/CAD FOR SELL EUR/CAD analysis
1- The downward trend line and full respect for the line
2- The emergence of strong supply areas
3- The appearance of divergence
⚠️ This analysis has no responsibility on us and you enter at your own risk ⚠️
EURCAD Possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHI
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H and wait for possible reentry again
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Potential Elliot Waves On WeeklyLooking at the weekly chart i see a potential elliot wave formation, potentially point 4 has occurred with the pull back to the 0.382 fibo level. If you have any advice or comments would love to hear them on how i can make better analysis.
Eurcad for buy.Eurcad for buy after testing the trendline+ support zone. Let price break above the zone and look for buys.
Selling eurcadoverbought on weekly time frme weekly supply zone
Wait for trend break on h4 time frame than we will sell
