EURCAD trade ideas
EurCadlooks like a bull flag to me, also a lot of weekly resistance in this area looking to enter buys if the channel is broken to the upside and retested no lower than the line it breaks.
EURCAD BearishEURCAD has formed the rising wedge reversal pattern along with bearish divergence which indicates possible trend reversal. Apart from that the sentiment is also bearish with 97% short positions.
EURCAD Inducement Done, Going LongAfter a rejection candle, it made ABC correction and inducement.
My bias is still long until we see a sign of reversal.
Trade with care.
EURCAD SHORTEURCAD 1.3750-+ tested this point in the daily, my opinion is that it will move down from here.If the channel breakdown occurs, it can add to the sale more
EURCAD Will Keep Growing! 🇪🇺🇨🇦
As we discussed on Friday - EURCAD broke and closed above a resistance line
of a bullish flag pattern.
I bought the pair after the market opening on a retest of a broken trend line.
We can expect more growth and a test of a current high - 1.497
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EURCAD SELL THE RETRESTMENTOANDA:EURCAD FX:EURCAD FOREXCOM:EURCAD
EURCAD WILL retrestment here , because the wave is finish above
Setup Sunday 21-07Hello Traders,
Another Setup Sunday from my side again!
In this video I will provide you with my setups for the next week and I'll show you my trades and results of the last week + Gold.
Enjoy the video, I hope it will help you in your trading career!
Good luck for the next week!
Happy trading! 😊
EURCAD Can Fall Fall Further DownThe last standard W pattern had failed. EURCAD completed an extended W pattern. It showed some rejection from the top. We have a support level in there. If this support levels is broken and confirmed with a bearish signal, we can see a good short opportunity. Targets are on the screen:
If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
EUR_CAD POTENTIAL LONG|
✅EUR_CAD is trading in an
Uptrend and the pair made a
Breakout and a retest of the
Key horizontal level of 1.4920
Which is now a support and
We are already seeing a
Bullish rebound so we
Will be expecting a
Further bullish continuation
LONG🚀
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EURCAD: Time to Buy 🇪🇺🇨🇦
EURCAD will most likely keep growing.
After a correctional movement to a key horizontal support,
the price bounced and violated a resistance line of a bullish flag pattern.
The release of Canadian fundamentals also strongly support the pair.
The price may reach 1.4957 level soon.
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Sell EUR/CAD Channel BreakoutThe EUR/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.4932, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.4880
2nd Support – 1.4853
Stop-Loss: To manage risk, place a stop-loss order above 1.4965. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
EURCAD Further Plans Post Exit 1The previous long zone we took on key technical setups (Bottom side of TL, Key price action areas) has warranted an exit.
1) Looking for dips on a tech bias to re-buy and accumulate great deals.
2) Tracking Market sentiment, which supports the same case (EUR buying, no real BOC deviation).
How To Make The Link Between Technical And Fundamental AnalysisWithin Market trading, regardless of the assets involved, you need to form both a technical and fundamental case for your bias.
When you do this, you grip great deals, and you also know where it is likely you will head.
This is simple to learn, when described in a simple format.
EURCAD - Forecast Main Refinancing RateForecast Main Refinancing Rate
Opportunity for EURCAD. This setup trading idea is for intraday. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
EURCAD Trend Reversal TradeYou may start from smaller lot size
after 15minute downtrend confirmation appears
then you may adding your actual lots.
Lets gooo ~
EURCAD Quick 3 Minute Trading Plans Pre CPICanada CPI will give the BOC a good indication on whether they are taking the right easing path.
Keen to cut, the EUR has gained strength recently continuing a mid term uptrend.
Levels remain higher, and can be noted for shorts. Exits lower.
EURCADWe can attempt to buy EURCAD from specified level as it break LH , also bullish divergence occur indicate that it move upward.
SL , TP mention in chart.
EURCAD Ahead Of The ECB Rate DecisionEURCAD Ahead Of The ECB Rate Decision
This week on THURSDAY, JULY 18 the market will focus on the ECB Interst rate decision.
The expectations are that the ECB may keep the rates on hold this time:
ECB Main Refinancing Operations Rate at 4.25%
ECB Rate On Deposit Facility at 3.75%
It will be followed also by a press conference but if ECB doesn't change rates we may see EURO correction lower again by showing some weakness.
Technical Analysis:
EURCAD is testing a strong resistance zone. A move above the red zone may push EURCAD further to 1.5120
On the other hand if the price will stop in the current zone it may move down further.
You may find more details in the chart!
Thank you and Good Luck!
