EUR CAD ELLIOT WAVE LONG TERM MOVEEC is a strong long. Prediction is made solely from Elliot wave theory. Will see a huge impulse wave to the upside and drop at major resistance.
EURCAD trade ideas
EUR/CAD Bank Money Heist Plan on Bullish SideHola! My Dear Robbers / Money Makers & Losers, 🤑 💰
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Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2H timeframe
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Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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EURCAD Buy ForecastEURCAD New forecast👨💻👨💻
Note:
Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP.
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EURCAD Technical Analysis and Trade Idea👀 👉 EURCAD is showing a bullish trend on the higher time frames, and I'm watching for a potential buy setup, depending on specific conditions discussed in the video. In the video, we break down the essential price action signals to monitor and how to capitalize on the next opportunity. Disclaimer: This analysis is for informational purposes only and is not intended as financial advice. 📊✅
EURCAD BUYEURCAD is reacting to a previous level of support, a trendline break and a double buttom validates a buy. Let me know what you think ib the comment section.
EURCAD THE TREND IS SETEC i am expecting a move to the upside from here. Huge long potential. Completed a 3 wave correction on a bullflag
EURCAD -Short Term LongRetracement to green line as it seems oil won’t go crazy from Mid East war shocks. Will reassess shorts at that level given upcoming ECB decision. Slow Monday overall with not many tasty setups.
Potential Long on ECIt is Monday and the market is getting set for the week ahead,
Looking at EC right now for a potential long position.
If that FVG is respected , showing bullish engulfing on the 15 or 30min TF. The next candle will let us know. Patience
After confirmation I will be looking for shorts.
Entry on 15 or 30min TF
No rush , let see what happens
#EURCAD 1DAYThe EUR/CAD pair on the 1-day chart is approaching a key support level that could potentially signal two scenarios depending on price action. Here's a description for both scenarios:
Bullish Scenario (Buy Support Bounce):
Pattern & Support: The EUR/CAD pair has been trading within a range, and the price is nearing a strong support level that has been tested multiple times in the past. This level could serve as a potential bounce zone if buying pressure reemerges.
Forecast: If the price shows signs of rejection at this support (such as bullish candlestick patterns like a pin bar, engulfing pattern, or increased buying volume), it suggests a reversal and potential upside movement. Traders may look to enter long positions with the expectation of a bounce from this support level. A target could be set at recent resistance levels or Fibonacci retracement points.
Bearish Scenario (Sell Support Breakdown):
Pattern & Support: If the price fails to hold above the support level and breaks below it with strong momentum, this could signal a bearish continuation.
Forecast:A break and close below the support level, especially with increased selling volume, could trigger a downside move. In this case, traders might look for short opportunities, anticipating further declines. The next potential targets would be lower support zones or previous swing lows.
In either scenario, traders should monitor volume, momentum indicators (like RSI or MACD), and price action closely to confirm their trade direction.
Eurcad for possible buy or sell.Price is trying to form double bottom on the support zone, if price should complete it(DB), wait for a break and a retest of the neckline. If price breaks below the current zone then the setup becomes invalid, Then we can look for sell.
EURCAD LONG TERM PLANEURCAD looking to me like a scalp short. We will see an entry swing long at the end of wave C on H4. Wait for M5 bullish pattern to form near entry zone.
EUR/CAD Is Bearish.EU has formed a consolidating lower lows structure that shows bearish might be in control if the 3red touch is mitigated .
Happy trading
EURCAD is trade to make 300 pipsYesterday, the euro again bounced off 1.5120 support and tested 1.5160 resistance against the Canadian dollar before going back to support. The proximity to a strong resistance zone may become a reason to close long positions, amid which the pair could break support and decline toward 1.5080-1.5050. Passing 1.5140 will increase the chances of breaking 1.5160 and rising toward 1.5200.
Selling on Rise is advised with target of 1.49 and 1.48... Good Luck
Is It That Bad in EU?Fundamentals & Sentiment
EUR:
- Market Internals
- Service PMI Beat after a gloomy series of news in EU (CPI, French deficit)
- Quite a bearish rhetoric of ECB
CAD:
- Some bearish comments
- Oil is subdued
Technical & Other
- Seeing euro decline as overdone, expecting shorts unwinding
Setup: S(RTF)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Down
Long-term: Range
Min target: DMA(10)
Stop loss: 0.27%
Position size: ~0.5R
EURCAD: Long Trading Opportunity
EURCAD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURCAD
Entry - 1.4946
Stop - 1.4900
Take - 1.5028
Our Risk - 1%
Start protection of your profits from lower levels
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EURCAD start rising after downtrendEURCAD is gaining momentum for upside move, divergence formed on one hour time frame which indicates a reversal.
Could EUR/CAD reverse from here?The price rise rising towards the pivot which acts as a pullback resistance which is slightly below the 50% Fibonacci retracement and could fall to the pullback support.
Pivot: 1.50036
1st Support: 1.48966
1st Resistance: 1.50706
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EURCAD Breakout and retestEURCAD recently broke and closed above a downward channel, forming an ABC move. This bullish breakout marks a notable shift in momentum after a prolonged downtrend. The price has now approached a key resistance area, where previous sell-offs occurred, indicating potential resistance at this level. Given this setup, a short-term pullback is expected as the market may retest the upper border of the broken channel before resuming its upward movement. With the major trend still bullish on the daily timeframe, this pullback could offer a continuation trade opportunity. The target is the resistance zone around 1.52000
EUR/CAD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
It makes sense for us to go long on EUR/CAD right now from the support line below with the target of 1.502 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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EURCAD: Waiting For Breakout EURCAD is currently in a pronounced downtrend. Following a test of a key support level on the 4-hour chart, a small inverted head and shoulders pattern has emerged on the 1-hour timeframe.
To consider going long on the pair, watch for a head and shoulders pattern on the 1-hour chart and wait for a breakout above the neckline at 1.4946 to confirm buyer strength.
If this occurs, a bullish movement towards the 1.5000 support level can be anticipated.
EURCAD Will Move Higher! Long!
Take a look at our analysis for EURCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.493.
The above observations make me that the market will inevitably achieve 1.497 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EURCAD May Test 1.4900 During the Coming WeekEURCAD May Test 1.4900 During the Coming Week
The EURCAD pair has been moving inside a large corrective pattern for about 2.5 months now. After breaking through the 1.4900 level in mid-July 2024, the price has been oscillating between two key areas: 1.4900 and 1.5170.
Today, the price tested the 1.5170 zone again but failed to rise further and is now heading downwards. Expectations are that EURCAD may decline to test the levels of 1.5000, 1.4950, and potentially 1.4900 during the coming week.
You may find more details in the chart!
Thank you and Good Luck!
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