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EURCAD trade ideas

EURCAD SELLEUR/CAD 4-hour timeframe with respect to Wyckoff market cycle stages and current price action. Here's the step-by-step evaluation: Wyckoff Analysis Distribution Phase: The chart shows a prolonged sideways range at the top (above 1.50), suggesting a distribution phase. This is evident from the multiple rejections at the resistance zone around 1.51679. The volume during this range shows spikes on bearish candles, indicating selling pressure by smart money. Markdown Phase: Following the breakdown from the range, the price formed a clear impulsive downtrend, completing a 5-wave Elliott pattern (labeled as 1 to 5 in the chart). The markdown culminated near 1.44886, which aligns with strong support and Fibonacci extension levels (1.618 at 1.45131). Volume increased significantly.
Short
by HoratiuBogdan
2
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. Please support this idea with a Like and COMMENT if you find it useful click "follow" on our profile if you will like these type of trading ideas delivered straight to your email in the future. Thanks for your continued support!! lemme know your thoughts in the comment sec...
Long
by King_CityStar_Fx
EURCAD is in a Bullish Pattern After Testing daily SupportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
EUR/CAD - Weekly Analysis"On Monthly: 200, 50 and 20 EMA are showing Bullish move as the overall move indicates. Price moving back down to test 1.47140 another Psychological Support , but it didn't reach and pulled back up. It seems it's moving up toward 1.52000 a psychological resistant. -- On Weekly: Two solid Bullish candle revered the bearish attempt and price is moving towards 1.5070. All three EMAs, 200, 50 and 20 (RGB) are on order supporting Bullish move. --On Daily: The inverted Head & Shoulders has broken neck and Bullish move is going full steam. All three EMAs, 200, 50 and 20 (RGB) not sequentially, but they are supporting bullish move. -- On Hourly: it seems, it has created Rising Wedge, showing exhaustion of Bullish move. Additionally, RSI is clearly showing a great Divergence for Bearish reversal despite the all three EMAs, 200, 50 and 20 (RGB) supporting Bullish move."
Long
by Ha-Lion
EURCAD Wave Analysis 6 December 2024 - EURCAD broke resistance zone - Likely to rise to resistance level 1.5000 EURCAD currency pair recently broke the resistance zone located between the resistance level 1.4865 (which has been reversing the pair from the middle of November) and the 50% Fibonacci correction of the downward impulse wave C. The breakout of this resistance zone accelerated the active intermediate impulse wave (C). Given the clear daily uptrend and the strongly bearish CAD sentiment seen today, EURCAD currency pair can be expected to rise toward the next round resistance level 1.5000.
Long
by FxProGlobal
EURCAD Is Bearish! Sell! Take a look at our analysis for EURCAD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.485. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.478 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
Could the price reverse from here?EUR/CAD is rising towards the resistance level which is an overlap resistance and could drop from this level to our take profit. Entry: 1.48732 Why we like it: There is an overlap resistance level. Stop loss: 1.49841 Why we like it: There is an overlap resistance level that lines up with the 127.2% Fibonacci extension. Take profit: 1.47316 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
1
EURCAD shortMy favorite 200dma stands on guard as I attempt to short this down to the next support. This is not a trade recommendation, it is merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista