I'm expecting for bearish trendwe have H&Ss pattern when you look at our left, prev.. wave 3, wave 5 and our current wave 1 so let see how market plays.
NB:NO REVERSAL PATTERNS NO ENTRY.
EURCAD trade ideas
EUR/CAD Swing Short positionEUR/CAD Short Position.
Price crossed the Trend Line and created a ChoCh (Change of character). And also failed to sweep the PDH (Previous Daily High). Wait for pullback to entry.
EUR_CAD STRONG BEARISH BREAKOUT|SHORT|
✅EUR_CAD was trading long
The rising support line
But now we are seeing a
Strong bearish breakout
And the breakout is confirmed
So we are bearish biased and
We will be expecting a
Further move down
SHORT🔥
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EUR/CAD potential shortHI Traders.
We see this pair has formed a bigger HnS Pattern at a resistance zone.
We saw the first bearish impulse and a LTF correction forming (Right Shoulder of the HnS Pattern) Today we saw a clear break out of the correction pattern. Now wait for a LTF correction and the break out out of this LTF correction to confirm the bearish move.
Trade idea - EURCAD Long1H
Corrective approach towards entry zone.
-68 Fibonacci completion aligning with entry zone.
= Instant market execution Buy.
0.5% risk.
Selling eurcad Last Friday fake breakout due to news data
Now h4 candel forming downside the trend
Trend broekn confirmed overall selling pressure
EURCAD showing bearishnessEURCAD on daily chart is showing weakness rsi showing bearish divergence, short sell is recommended with stop loss at previous high
EURCADM
Retest on the highs
W
Retest on the highs
flet walls
(-) new liq
D
BM and H&S
Impuls & correction
4H
Inv H&S
EURCAD IDEA 26 aug 2024Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!
EUR/CAD SHORT FROM RESISTANCE
Hello, Friends!
Bearish trend on EUR/CAD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.487.
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EUR_CAD BULLISH BIAS|LONG|
✅EUR_CAD is trading in
An uptrend along the rising
Support and we are already
Seeing a bullish rebound
So we will be expecting a
Further move up
LONG🚀
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EURCAD 4hr Long 4hr Long
EURCAD has been breaking into new highs on our Weekly, Daily and now our 4hr entry time frame. and surfing above our 50/200 EMAs. Price has now had a pullback followed by a valid engulfing pattern. That makes this a good example of the 50ema Valid Engulfing Strategy.
🎯 Entry - 1.51476
💰 Take Profit - 1.52906
❌ Stop Loss - 1.50999
EURCAD - Bullish ReversalThe pair has made a bullish RSI divergence. We are selling it on the break of higher low retracement. The trade plan is set, let's hope for the profit!
EUR-CAD Local Growth Ahead! Buy!
Hello,Traders!
EUR-CAD is trading along
The rising support and now
We are seeing a retest and
The beginnings of a rebound
So we are locally bullish
Biased and we will be
Expecting a further
Local move up
Buy!
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Check out other forecasts below too!
EURCAD SHORT While the pair reversing off the .786 FIB, Canada retail sales this morning also came in strong. I took a short in the pair with short term target at green line.
EURCAD - 4hrs ( Sell 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 ( Short )
Type : Mid Term Swing
———————————
Bearish Break
1.51000 Area
Reasons
- Major Turn level
- Visible Range HVN
- Trend Break
- Day / week low
- Fixed Range Value
Bullish Reversal
1.48900 Area
Reasons
- Major Turn level / D
- Choch Zone
- Pattern Target
- Fixed Range Value
- Visible Range HVn
EURCAD Broke a Key Up Trend Support lineEURCAD has established a divergence and formed a double top at the resistance zone. Recently, the price broke through a long-standing supporting trendline, and the close below this trendline signals a bearish outlook. The price also bounced off the resistance area, triggering a bearish impulse move. I expect the market to continue moving downward toward the support level, retracing from the resistance to test the channel boundary. The target is the support level at 1.50650
EURCAD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for EURCAD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.511.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.506 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.
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Lingrid | EURCAD broke KEY Trendline SUPPORTFX:EURCAD has established a divergence and formed a double top at the resistance zone. It recently broke through a trendline that had been supporting the price for an extended period. This break and subsequent close below the trendline signal a bearish outlook. Additionally, the price bounced off the resistance area, leading to a bearish impulse leg. I anticipate the market will move downward towards the support level, retracing from resistance to test the channel boundary. My goal is to support level at 1.50650
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade idea - EURCAD Long4H
Corrective approach towards entry zone.
= Instant market execution Buy.
Natural M pattern also there as extra evidence.
1% risk.
