EURCAD Buy IdeaOANDA:EURCAD has seen bullish momentum after BOC rate cut decision. Currently It's retesting its ascending 1H trendline from where we can look for long setups
EURCAD trade ideas
EUR_CAD LOCAL SHORT|
✅EUR_CAD went up to retest a horizontal resistance level of 1.4988
Which makes me locally bearish biased
And I think that a move down
From the level is to be expected
Towards the target below at 1.4945
SHORT🔥
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EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
EUR/CAD is making a bullish rebound on the 3H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.488 level.
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EURCAD BUY!EUR/CAD has been in a correction phase for the past two weeks, but the presence of bullish divergence and a breakout above the recent lower low suggest a potential trend reversal at this point.
EURCAD SHORTliquidity taken out, no retested demand zone, resting liquidity lower, no retest seen on trendline. Reason to be bearish.
EURCAD bearish Flag & PoleEURCAD in bearish continuation pattern
Bearish divergence
Bearish Flag & Pole
Sell stop below the Pole
SL above the flag
EURCAD bullish ideaBased on a retracement idea :) GOOD Luck! Break ou of the trendline--> retracement.
I hope it works. Good luck!
EURCAD TRADE IDEAEURCAD has been trading in minor wave 1 within minutte wave (i) which broke out of channel, however, minutte wave (ii) seems completed and retrace to 50% fib which acted as a support to my confirmation, a broke above 1.49944 will trigger a confirmation to buy minor wave 3 within minutte wave (iii)
EURCAD Bullish Reversal OpportunityEURCAD price seem to be facing a strong support zone. A potential Bullish reversal seems in play as the price action has broken the previous Lower High.
Trade Plan
Entry @ 1.49340
Stop Loss @ 1.48790
TP1 @ 1.4989
TP2 @ 1.5044
No. of Trades: 2
Move SL to Break Even if TP1 hits.
EURCAD is BullishPrice was in a strong down trend, however the bullish divergence hinted that bulls are trying to win control, this notion was confirmed by the break of previous lower high and printing of higher high. If price breaks this freshly printed higher high then we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.
EURCAD Possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHI
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
EURCAD - Ascending TrendlineAs you can see in the chart, EURCAD is following Ascending Trendline
I'm expecting a break of the trendline and the beginning of the bearish trend.
The following are the target's I'm expecting in this pair
TP1: 1.49036
TP2: 1.47418
EURCAD trendy breakdown EUR is weak, i expect to retest previous support making a nice short sell opportunity
EURCADHi guys,
In this chart i Found a Demand Zone in EURCAD CHART for LONG entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
EURCAD: Long Signal with Entry/SL/TP
EURCAD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURCAD
Entry - 1.4922
Stop - 1.4880
Take - 1.5008
Our Risk - 1%
Start protection of your profits from lower levels
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EUR/CAD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
Bullish trend on EUR/CAD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 1.504.
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EUR CAD LONGEurcad made clean 3 wave down. With all EW rules applied. 3 corrective waves and 5 inner impulse waves. Good for a long till resistance. Remember to take partial profit as trade goes your way, Goodluck traders
EURCAD TRADE IDEAEURCAD has been on a downtrend, continuues to break below key levels while respecting structure. a break below a support and a retest at a confluence area
EUR-CAD Will Go UP! Buy!
Hello,Traders!
EUR-CAD has retested
The horizontal support
Of 1.490 and we are
Already seeing a bullish
Rebound so a further
Move up is to be expected
Buy!
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EURCAD → A change in sentiment to bearish. MA-200 breakdownFX:EURCAD breaks trend support and spills to the downside as funds increase long positions on the Canadian dollar, whose rise is directly linked to the fall in DXY.
On D1, we see the currency pair returning to the range (1.5040 resistance) after a deep false breakdown. Accordingly, after the short-squeeze the market has potential - liquidity located at the bottom. Accordingly, in the nearest future the market may test 1.497, then 1.493.
BUT! On H4 there is a strong zone of 1.498 ahead. There is a high probability of a false breakdown and correction before a further fall, because below this zone there is a huge pool of liquidity, which will not let the price pass the first time.
Resistance levels: 1.506, 1.5085
Support levels: 1.498, 1.49
The 200&50 SMAs act as resistance, which indicates the current market sentiment. If the market is weak, a correction may not happen, bears may break the level quite quickly. In any case, it is worth watching the price reaction at 1.498
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURCAD ;)
Regards R. Linda!
EURCAD bearishEURCAD is in bearish trendline
no divergence
EP below last LL & resistance
SL above last significant LH
