EURCAD.PRO.OTMS trade ideas
EURCAD What Next? SELL!
My dear followers,
I analysed this chart on EURCAD and concluded the following:
The market is trading on 1.4675 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.4658
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
EURCAD Date 22nd April Week Analysis22nd April to 26th April Week Analysis.
It's all about probability. You can't predict price with 100% Accuracy, Atleast you can try it!
Watch the charts, If you like then do follow on X and Tradingview.
eurcad-Weekly bull move pullback holing right on 26 ema.
-Weekly reverse hnd formation.
-Daily consolidation area with absorption around the 40% of the original bull move.
-Second consolidation with a shakeout around 50% of the move.
Entry after a confirmative strong bull candle-move or after a bullish pattern.
Stop bellow the pullback move that takes place.
First target on the 100% of the original move.
EURCAD is moving towrad breaking its support lines.chart has already broke its first support so we can take entry after break of second support.
EURCAD Trading Plan - 18/Apr/2024Hello Traders,
Hope you all are doing good!!
I expect EURCAD to go Up after completing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EURCAD IS MY TRADE OF THE WEEKThe reason I'm going long is because All of the time frames are bullish (Weekly, Daily and 4 hour).
It failed to break the Daily support.
There was a 4 hour engulfish candlestick on the Daily AOI hence making it a high probability to continue long.
The trade was taken on a Thursday (good trading day)
EUR/CAD Bullish After Lagarde's CommentsEUR/CAD Bullish After Lagarde's Comments
ECB’s Lagarde commented yesterday:
" The fight against inflation is not over".
Growth in Europe is mediocre, much slower than in the US
We’re clearly seeing timid signs of recovery
The game (of fighting inflation) is not over
This was a hawkish comment made at a time when everyone expected the ECB to cut rates at the June meeting.
EUR/CAD continues to develop into bullish territory and if it holds this zone, we could see EURCAD rise further, looking at this from an intraday trading perspective.
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 LONGd1: Bullish OB has been created
and the last bearish candle is a pin bar
h1: Choch is created and we have and OB with high volume of bullish engulfing candle
so open a limit long position
eurcad longbecause the price accumulate and make 1-2-3 wave uptrend h1 so i moved the order limit to new ob h1
DeGRAM | EURCAD rebound from the channel boundaryEURCAD is moving from the lower boundary of the channel.
The chart has pushed off from an important support, forming a double bottom.
The price is testing the dynamic resistance.
We think that the price will continue to rebound to the 50% retracement level.
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Share your opinion in the comments and support the idea with a like. Thanks for your support!
EURCAD Short Term Buy IdeaH1 - Downtrend line breakout.
Bullish convergence.
Currently it looks like a pullback is happening.
Until the two strong support zones hold my short term view remains bullish here.
EURCAD Is Very Bullish! Long!
Here is our detailed technical review for EURCAD.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.464.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.469 level soon.
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!
EURCAD H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.4715, which is an overlap resistance.
Our take profit will be at 1.4657, a pullback support level.
The stop loss will be placed at 1.4780, a swing-high resistance level.
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Short EUR/CADThe price is in two channels top lines area, "SlowStoch" is over bought and crossed and turned to South in daily time frame.
Candle in Daily time frame is generated shooting star in previous day.
Short EUR/CAD and target positions could be in several possible positions.
Similar, short other EUR pairs
EURCAD Trading Plan - 15/Apr/2024Hello Traders,
Hope you all are doing good!!
I expect EURCAD to go Up after completing this correction.
I am biased for taking the recent low once again before giving a bigger correction upside.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EURCAD,🟢Bullish scenario🟢Here is an EURCAD 15-minute chart, as you can see the price had a bullish reaction to the daily FVG, and also the price created lots of buy-side liquidity, so we expect the upward movement.
Now in the 15-minute chart, there is an untouched bullish order block formed below the sell side, liquidity so we expect the price to get support from this order block.
💡Wait for the update!
🗓️15/04/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
EURCAD Possible Short PositionUsing the BBMA Strategy by OA, a Re-Entry Short in 4H time frame appeared and using a multi- time frame analysis , I'm now waiting for a confirmation in TF 2 and TF 3 ( 15m Entry ).
4H - Re-Entry
1H- 50 EMA Rejection + Extreme Sell
15m- wait for CSAK + Retest in MAHILO min 15m
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green 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
EUR/CAD has a strong bearish momentum, could it fall further?Price is rising towards the resistance level which is an overlap resistance which aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.46671
Why we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.47033
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement
Take profit: 1.46192
Why we like it:
There is an overlap support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
eurcad shortwelcome
here is my eurcad idea
market is not clearly bearish or bullish
seemed more bearish over last few trading days
price trading under 50% fib level of monthly candle & weekly candle
price trading under emas and weekly pivot
lets see how this setup plays out
EURCAD BULLISH SCENARIOWell! I'm expecting to see bullish move from there since price has reached an area of deep discount.
