EURCAD 24 JUNE 2024 ( Bias : Bearish )EURCAD is in a down trend and
It's the best place to take trade !
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EURCAD trade ideas
eurcadi think short is ok!!
fundamental risk for cad is so low and risk of france can help this idea
EURCADLast week we close the trade in breakeven as I wrote in comments.
But this pair I´m really sure at least first middle of the week it needs to go up.
So, let´s put the trade in a little retracements and we sit, and wait.
Blessings.
thks.
EURCADThis trade is a little risky because it´s friday and also because the pair can still go down more pips before have a retracement.
Use small lot.
thks.
blesssings.
It´s pending order.
EUR-CAD Will Go UP! Buy!
Hello,Traders!
EUR-CAD is trading in a
Local downtrend but the
Pair will soon hit a horizontal
Support level of 1.4582
And after the retest we will
Be expecting a bullish rebound
Buy!
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EUR_CAD SUPPORT AHEAD|LONG|
✅EUR_CAD is going down now
But a strong support level is ahead at 1.4587
Thus I am expecting a rebound
And a move up towards the target at 1.4680
LONG🚀
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EURCAD - Look for a short !!Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for short position. My point of interest is if price makes a retracement and fills the imbalance higher, then rejects from bearish order block + trendline.
Fundamental news: Next week on Tuesday (GMT+3) we will see results of CPI in Canada, news with high impact on currency.
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Trade idea - EURCAD Long1H
Bullish impulse/ High: indication.
Bullish M pattern: confirmation.
Ascending trend line holding up price.
Corrective approach towards entry zone.
= Buy limit.
1% risk.
EURCAD positioning for bearish moveDaily trend : down trend
Possible scenario:-
1. Price re-test upper BB H1 (Mid BB H4) before diving
2. Price shoot up to make Higher High to make divergence with AO
Good Luck
EUR/CAD potential buy positionThere is a big side way channel in long term and the price could be possible continue to south until touch the channel bottom line area.
Try to set long order trade near Jun 18
EUR/CAD High timeframe situation.Very interesting scenario in our current market.
EUR/CAD is currently headed down again to a very stable support that started September last year. Since this support is well respected by this pair, we can expect a bounce from this support and continue the bullish channel and trend. What makes this support very interesting is that it aligns with the 200 EMA which has been a great indicator for me to identify trends, supports or resistances. However, if we break this support, the next solid support is indicated in this analysis, as well as the resistance TP for long positions.
EURCAD LONGThe EURCAD pair approaching the bottom of the rising channel could present a potential "long" opportunity
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.
EUR/CAD BULLS ARE STRONG HERE|LONG
Hello,Friends!
We are targeting the 1.472 level area with our long trade on EUR/CAD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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EURCAD POTENTIAL SUPPORT BREAK?????Pair: EURCAD
Timeframe: 30M
Analysis: Trend line, volume profile , support and resistance, trend break, consolidation, ascending triangle pattern
—————
Key Takeaway: Been a alot of consolidation between 1.47450-1.47200 and we could finally see a break. Need to look for a close below dynamic support and our trend line and then a retest of these levels before entering short.
—————
Level needed: need a close bellow 1.47200
—————
Trade: SHORT
RISK:REWARD 1:4
SL: 1.47340
TP: 1.46950-1.46640
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
EURCAD SHORTWe are anticipating a sell on EC after a completion of the retracement.
We've seen a market break of structure to the downside thus making it bearish.
A sell limit pending order should be set at 1.47646 price, which is our area of interest.
Why I'm selling EURCADHello Trades!!! I've been watching EURCAD for a while after missing the breakout of the head and shoulders I was waiting patiently for a continuation set up
As you can see this is a valid head and shoulders followed by a breakout.
Not so long after the breakout the market started to create a triangle pattern ( I believe a triangle is a neutral pattern but with the circumstances we are facing this might be a continuation)
Another thing that sparked my interest on this trade is this Pivot which is in the right spot considering that I want to short this position( Generally you want to go short when the market is below the pivot) This pivot can be used to put our stop loss
As you can see here putting our SL behind the pivot and our TP at the nearest resistance gives us a RRR of 2.5 Which is what I usually aim for
Looking at these 2 highs we can see a wonderful divergence showing us that more and more buyers are closing their positions.
Short EURCAD
EURCAD as been on a consolidated for years now ..
The recent push from the EUR sector gave continuity to the down move and also the buyers are weak .
Since the buyers will give up and what to sell .. is makes us profit on the short side
EURCAD ConfluenceAnother beautiful confluence forming on the EURCAD chart. Where will price go next 🤔
EURCAD Longs At Key Tech LevelsEURCAD has tumbled on renewed EURO weakness.
We are now at various Technical confluence factors/levels to get long.
Sizes are proportional to risk and equity always. Light entry taken on increased downside momentum.
EURCADOn the Daily chart and the 4 hour chart looking into the days ahead for a push up to the following confluences for a sell position:
1. FIB 0.618 level
2. Bearish FVG
3. Trend line rejection
4. Psychological level 1.4800.
