EURCAD trade ideas
Eurcad bearish setupaccording to my analysis eurcad can be bearish, as cad retails sale expected to be positive, cot reports and seasonality biaased is also bearish.
EURCAD → One step away from a rally. High chance to break 1.5100FX:EURCAD exited from the accumulation of the “descending triangle” format, which is a favorable signal for the continuation of the trend.
A promising bullish structure is forming on W1.
Euro, despite the ECB interest rate cuts, is growing and the growth is mostly related to the dollar, which is falling after Friday's news of PPI and Initial Jobless Claims. Now it is not the fact of the action itself that is being discussed, but how much it will be cut...
Technically, the currency pair is consolidating in front of the global resistance at 1.51000. The strong level has been holding the market in the bearish zone for several years, but the fundamental background gives a chance to break and move into the realization and growth phase.
Resistance levels: 1.5051, 1.51000
Support levels: 1750238, 1.4935
The primary reaction at 1.505 may end with a rebound, but most likely the bulls will manage to keep the defense above 1.5023 - 1.505, which may have a very favorable impact on the further growth of the trend.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURCAD ;)
Regards R. Linda!
Bearish on EURCADExpecting a drop in price to fill imbalance, the pair has been quite bullish for the past few days and it has printed a good sell position.
EURCADEURCAD is in reversal zone.
EURCAD is in ranging mode.
Bearish divergence also shown in RSI.
We wait and watch for the breakout of last LL.
EURCAD= Short term sellWe have a sell opportunity for a short term sell for a bigger corrective move to the downside before we start heading back up to continue with the trend on the higher time frame.
EURCAD is BearishPrice was in a strong uptrend, however a bearish divergence on four hourly time frame led to the break of previous higher low, signaling the control of bears on price action. If the bearish momentum persists we can expect further slide in price. Targets are mentioned on the chart.
EURCAD: Trading PlanThe EURCAD pair is currently at a crucial horizontal level and has formed a double top pattern on the 4-hour chart.
To consider taking a short position, traders should wait for a bearish breakout below the neckline of the pattern. A confirmation of this breakout would be a 4-hour candle closing below the key level of 1.5103.
If this happens, we can anticipate a bearish continuation toward the 1.5062 level.
EURCAD: Your Trading PlanEURCAD is currently at a critical horizontal level and has formed a double top pattern on the 4-hour chart.
To consider shorting the pair, traders should wait for a bearish breakout below the neckline of the pattern. Confirmation of this breakout would be a 4-hour candle closing below the key level of 1.5103.
If this occurs, a bearish continuation towards 1.5063 levels can be expected.
EURCAD Selleverything on chart
please check my pre idea so you can understand better
signals and analsys are free... and always will be
EURCAD - 4hrs ( Buy Trade Target Range 200 PIP ) Pair Name : EUR/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Buy Opportunity )
Type : Mid Term Swing
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💠Bullish Break 1.51150
💠Chance of Successful break out of this level 80 %
This level have 7 Bounces And Respect the break Out
💠mention key level with numbers / and why
Our Key level of Break Out is so strong 1.51150
Price already retested it many time's and this level have no fake outs
💠mention is there a crosses ( trend or Channel ) with level and why ?
yes - our break out level have cross with Channel Break Out in same area
and this channel have best shape 2 bounce From The upper band
and 3 Bounce From the lower band and middle line play a key level also
And also break out of trend / 2 bounces
💠mention is there a volume in this level
yes we have a very good volume in this area that's make the price move fast and
far away after break out
💠mention is there a sociological numbers with number and why
yes our break out area is a sociological Daily Major Area
💠mention the back ground is bullish or bearish and why
yes our back Ground is bullish Cuz we have a very healthy break out candle
also we have Fib Golden zone already broke out with visible range Volume
Our Target Range For this Trade IS 200 PIP
Trade idea - EURCAD Short4H
Bearish impulse / break of last HL: indication.
Pattern within pattern: confirmation.
Head & Shoulders, Bearish Fake Out Flag.
-68 Fibonacci completion aligning with entry zone.
Clear support & resistance zone is there.
= Sell limit.
1.5% risk.
EURCAD | 16.09.2024SELL 1.51000 | STOP 1.51800 | TAKE 1.50200 | In the long term, a trading instrument moves in a downward trend after reaching a support level. In August, the price went into a correction, within which it reached the resistance level.
EURCAD Short Term Buy IdeaH1 - Bullish trend pattern
Currently it looks like a pullback is happening
Until the strong support zone holds I expect the price to move higher further after pullbacks.
EURCAD - SELL SIGNAL Hello trades, I want to share with you my opinion about EURCAD.
Looking at the chart we can see breakout from Uptrend and onces the Market cross that support then I will sell.
Guys, what do you think? Leave comment with your thoughts that's help me to understand different approach.
EURCAD 17/09/2024Monthly:
-Resistance where we could expect a reaction.
Weekly:
-Weekly highs.
Daily:
-H&S pattern.
-Daily highs.
-Fib Completion -68
-Bearish daily candle.
4H:
-H&S pattern.
EURCAD UPTREND EURCAD
Price has refused to go lower and has continued the uptrend. The next price level will be 1.5600, and a brake above that will be 1.5200 as next, but keep in mind that a brake below 1.5100 will take us to 1.50400.
EUR/CAD Rebounds from 1.4900: Rally Towards 1.5205EUR/CAD has tested the support level at 1.4900 for the third time and is now showing upward momentum. Based on this price action, we anticipate a further rise toward the first resistance level at 1.5055 . Should the pair successfully break above this resistance, there is potential for continued bullish movement, with a possible climb towards the second resistance level at 1.5118 . If the momentum remains strong, EUR/CAD could extend its rally to the third resistance at 1.5158 and even reach the fourth resistance at 1.5205 . Monitoring the price action at these key levels will help confirm the continuation of the uptrend.
EURCAD POSSIBLE SELLThe market is currently testing the current weekly Fib area 0.786. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern.
We could see Sellers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Lingrid | EURCAD breakout and RETEST Trading StrategyThe price perfectly fulfilled my last idea. It hit the target. Recently, the FX:EURCAD broke and closed above a downward channel, by forming a ABC move. This bullish breakout is significant as it reflects a shift in momentum after a period of downward trend. The market has reached a critical area where previous sell-offs occurred, which suggests that there may be some resistance at this level. Given this context, I anticipate a short-term pullback as the market may seek to retest the channel's upper border before continuing its upward trajectory. Importantly, the major trend remains bullish on the daily timeframe, supporting the idea of a continuation trade following the anticipated pullback. My target is resistance zone around 1.52000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
