1:2 day trade EURCADPrevious idea on EURCAD went perfectly. Now we see a new set up in the form of a bear flag / triangle pattern breakout. Breakout was confirmed by an M30 engulfing candle. Keeping SL tight.
EURCAD trade ideas
Eurcad buyLow probability
Bullish on daily
Sideways on h4
H4 entry on candle close
SL 35pips
TP 70pips
1:2rr
EURCAD PRINTING REVERSALTechnically:
EURCAD is printing Double Top Reversal Pattern
EURCAD is printing Bearish Divergence
EXY is Bearish
DXY is Bullish
Sentiments:
EURCAD is 90% shorts
EUR-CAD Rising Support Ahead! Buy!
Hello,Traders!
EUR-CAD is going down
Now but the pair will soon
Hit a rising support line from
Where we will be expecting a
Local bullish rebound
Buy!
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EURCAD: Bullish Continuation
Looking at the chart of EURCAD right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely.
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Bear flag sell - day tradeA textbook setup. Following a move down a bear flag formed and now is breaking to the downside. Looking to catch the continuation move.
EURCAD - 4hrs ( Sell Trade Target Range 150 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
1.50600 Area
Reasons
✅- Major Turn level
✅- Visible Range Lvn
✅- Pattern Break
✅- inner Choch Zone
✅- Fixed Value
✅-Fibo Golden
✅Bullish Reversal
1.48800 Area
EURCAD 23rd Sept StrategySimple strategy with Ichimoku Kinko Hyo (default setting) and Stochastic Oscillator (14,3,3)
Focusing on H1 chart
Going to enter buy with TP at the nearest resistance, while SL located right below of the cloud.
Stochastic direction is upward and above 20 level which already passed the oversold location, the price ready to go up.
EURCADEURCAD is creating bullish FVG that indicates the direction of the bullish trend, and since we are still respecting the bullish FVG then our target is the liquidity above
EUR/CAD SHORT!EUR/CAD is approaching strong horizontal resistance, accompanied by bearish divergence. I plan to sell on the breakout of the last higher high for confirmation.
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
———————————
💠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.
