EURCAD LongHere we have a great Engulfing candle entry after price has shown bullishness above the 50ema and 200ema for all EVC time frames. I will look to take a 1:3 on this trade and will be moving my stop loss to BE at 1:1.
EURCAD trade ideas
The EURCAD is indicating the trend reversalThe EURCAD was trending upwards but formed a lower low in the 1H time frame, adhering to the previous bearish divergence. This presents an opportunity to short at the breakout of the most recent lower low.
EURCAD BearishEURCAD has formed bearish divergence along with a new lower high and lower low which indicates the start of bearish trend. Sentiment was also strongly bearish. Therefore, the relevant trading strategy is to short it with 1:1 risk reward.
EURCAD is BearishA matured bearish divergence seems to be at play here, last low is broken successfully, and first lower low is printed. Price is defining a lower high currently, after which it will continue its move downwards as per Dow theory. Targets are mentioned on the chart.
From a bullish order flowThe daily rejection block has been successfully respected because we have and bearish engulfing candlestick, this is to confirm a bearish market. On the 4h timeframe we have a break of structure followed by a sweep with let price to clear the previous swing low. We now have a shift, anticipating a flip to level 1.50100 for a bearish entry, in this trade we are risking 20 pips in order to gain 100 pips because we are targeting the significant zone at 1.49100…
EURCADIs EURCAD exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1.4900 followed 1.4800
What you guys think of it?
EUR/CAD Testing Support: Pullback or Continuation?Alright traders, let’s break down the EUR/CAD 4H chart. The current price is around 1.50117, just above the 21 EMA at 1.49909. While we've been in a solid uptrend since mid-July, the price is now showing signs of a potential pullback, having tested the resistance level at 1.50350 and pulling back slightly.
Market Structure Analysis:
Current Trend: The market has been in an uptrend, but a pullback is currently underway.
Key Levels: Immediate support at 1.50008 and the 21 EMA at 1.49909. Resistance remains at 1.50350.
EMA Positioning: The price is still above the 21 EMA, indicating overall bullish momentum, but watch closely as the price approaches this support level.
Potential Scenarios:
Bullish Continuation:
Entry Point: Look for a strong bullish reversal candle off the 21 EMA or above 1.50008.
Stop-Loss: Place your stop-loss just below the 21 EMA at around 1.49750 to manage risk.
Take-Profit: Set your first take-profit level at 1.50350 and a second target at 1.51000 if the bullish momentum continues.
Bearish Pullback:
If the price breaks and closes below the 21 EMA and the support at 1.50008, it could signal a deeper pullback.
In this case, watch for the next support level around 1.49750 for potential buying opportunities or consider short positions targeting the lower support.
Given the current setup, I'm leaning towards monitoring the 21 EMA and 1.50008 support level closely. A strong bounce off these levels will confirm a continuation of the bullish trend, while a break below could indicate a deeper pullback. Stay sharp, manage your risk, and trade smart.
Setup Sunday 28-07Hello Traders!
Here is another Setup Sunday from my side.\
The market was very very good for my strategy in the last 10 weeks, overall a lot of profits have been made. Right now it's back into a big correction overall, so you will see a lot of red pairs in this video.
But no worries, I will also show some good potentials and my expectations in the next 1-2 weeks of the red pairs that might still be very very potential later on :)
Good luck everyone!
Happy trading! :D
EURCAD ShortRanging channel
Setup;
1st Step - 3rd touch on resistance based on 4H TF
2nd Step - 1H TF Reversal Candle Pattern
3rd Step - 15M TF CoCH (Change of Character)
EUR-CAD Potential Short! Sell!
Hello,Traders!
EUR-CAD is trading in an
Uptrend and the pair is locally
Overbought so after the pair
Hits the horizontal resistance
Of 1.5050 we will be expecting
A local bearish correction
Sell!
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EUR_CAD SHORT FROM RESISTANCE|
✅EUR_CAD has been growing recently
And the pair seems locally overbought
So as the pair is approaching a horizontal resistance of 1.5050
Price decline is to be expected
SHORT🔥
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EURCAD Key Level Test exampleKey Level Test at EURCAD.
A suggestion to sell.
A signal to SELL or to BUY can occur at any time(up to 16-00 GMT), be ready to trade.
EURCAD SHORT TRADE PLANEURCAD creates higher highs and higher lows. But RSI shows a bearish Divergence, indicating the trend reversal to the bullish side. So we can wait and watch and set up the trade plan. Trade value is mentioned in the chart.
New Key Level formationOANDA:EURCAD
the blue horizontal line above symbolizes a new Key Level.
Resistance Key Level, a.k.a. "KUS1".
EURCAD Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHILO
Note:
* Cancel trade or cut-loss when candle close Below MALO (2 Red Color Lines) in 4H and look for possible reentry again (if possible ) in the same direction again
* 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
Lingrid | EURCAD divergence at the RESISTANCE. ShortThe price action has rebounded from the resistance zone and formed a divergence at this level. Currently, the price is testing the key resistance at 1.5000, having recently formed a false breakout by taking liquidity above it. On the weekly timeframe the market reached the supply area where the price bounced off twice. I anticipate a retest of the main resistance before rolling back toward the support level. My goal is the support level at 1.49520
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
EURCAD in bullish trend EURCAD in bullish trend, bearish RSI diversions can be seen sell with a sell stop at breakout.
EURCAD OutlookContext 30m: EURCAD moving very nicely and one of the few bullish 30m context pairs that is trending nicely and showing strength. reaccumulating above the emas and could show some setups tomorrow Friday or next week. Keeping an eye on this forex pair for longs
EURCAD SELL#eurcad
Near the Horizontal resistance and price almost hit the two major vertical resistance of descending and ascending channel. Price has done a Good bullish impulse towards the top high within a channel. And near the mentioned zone chances are higher we may see a good reversal towards the bottom end of vertical channel. Price is moving channel within a channel and expected price may not Break the cluster of resistance and drop towards the vertical support.
EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
EUR/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.495 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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