EUR_CAD LONG FROM SUPPORT|
✅EUR_CAD fell again to retest the support of 1.4900
But it is a strong key level
So I think that there is a high chance
We will see a bullish rebound and a move up
LONG🚀
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EURCAD trade ideas
Selling pressure eurcadOur first eurcad idea already running 200+pips in sell
Now wait for break little demand zone then we will enter again in sell
Remember my first idea weekly overall trend sell don't buy this pair
Overlap resistance ahead?EUR/CAD is rising towards the pivot and could reverse to the pullback support level.
Pivot: 1.50380
1st Support: 1.49125
1st Resistance: 1.51159
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EURCADM
take support on high
(-) new lie sellers
W
S&D
NM
new liquidity
D
NM 100-zone
Can move until H&S
4H
Bullish indicators
Decel
1H
Inv H&S
Took a ME
Long to H&S
EUR/CAD Analysis: Potential Trend Reversal Ahead?As observed on the chart, a final gap movement followed by trend weakness suggests we might anticipate a trend reversal soon 🔄.
The divergence is clearly visible both on the chart and within the oscillator 📊. After breaking the identified support level, we could consider entering a position.
Additionally, the RSI oscillator shows a downtrend, approaching oversold territories, indicating potential for a bounce 📈. Remember, oscillators often lead the price, providing early signals of potential moves 🚀.
For a more accurate analysis, pay close attention to the formation of the end-of-trend movement on the higher timeframes 🕒.
🔍 Categories: Trend Analysis, Support and Resistance, Technical Indicators
#EURCAD #Forex #TechnicalAnalysis #Tradecitypro #TCP
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EURCAD Bearish Breakout! EUR-CAD broke the rising
Support line and the breakout
Is confirmed so we are
Bearish biased and
We will be expecting
A further move down!
EURCAD: Long Trading Opportunity
EURCAD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long EURCAD
Entry - 1.4971
Sl - 1.4938
Tp - 1.5035
Our Risk - 1%
Start protection of your profits from lower levels
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EURCADOverall structure is bullish, internal structure has been bearish, we've got liquidity area on the left awaiting a market swEEp on the left side. After the swEEp we wait for the break of the previous structure to push price to the upside. 1:12 RR.
Bearish breakout?EUR/CAD has broken out of the support level which is an overlap support and could drop from this level to our take profit.
Entry: 1.50343
Why we like it:
There is an overlap support level.
Stop loss: 1.50851
Why we like it:
There is a pullback resistance level which is slightly below the 50% Fibonacci retracement.
Take profit: 1.49598
Why we like it:
There is a pullback support level which is slightly below the 78.6% Fibonacci projection.
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EUR-CAD Will Go Down! Sell!
Hello,Traders!
EUR-CAD is going down
Now after the bearish
Breakout of the rising support
So after a potential local
Pullback we will be
Expecting a further move down
Sell!
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Check out other forecasts below too!
EURCAD - Long after BOS !!Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. Price fulfilled the imbalance and rejected from bullish order block. On H1 we have regular divergence, so after BOS I will open a long.
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EURCADHello everyone, EURCAD chart analysis Since the end of the sixth month, an upward wave in price began, which ended on the first day of August Now the price is moving in a descending price channel The MACD indicator shows that the buying momentum has started to decline. We move to a lower time frame and look for a selling opportunity⬇️
⛔️It is not investment advice, for educational purposes only.
I'm expecting for bearish trendwe have H&Ss pattern when you look at our left, prev.. wave 3, wave 5 and our current wave 1 so let see how market plays.
NB:NO REVERSAL PATTERNS NO ENTRY.
EUR/CAD Swing Short positionEUR/CAD Short Position.
Price crossed the Trend Line and created a ChoCh (Change of character). And also failed to sweep the PDH (Previous Daily High). Wait for pullback to entry.
EUR_CAD STRONG BEARISH BREAKOUT|SHORT|
✅EUR_CAD was trading long
The rising support line
But now we are seeing a
Strong bearish breakout
And the breakout is confirmed
So we are bearish biased and
We will be expecting a
Further move down
SHORT🔥
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EUR/CAD potential shortHI Traders.
We see this pair has formed a bigger HnS Pattern at a resistance zone.
We saw the first bearish impulse and a LTF correction forming (Right Shoulder of the HnS Pattern) Today we saw a clear break out of the correction pattern. Now wait for a LTF correction and the break out out of this LTF correction to confirm the bearish move.
Trade idea - EURCAD Long1H
Corrective approach towards entry zone.
-68 Fibonacci completion aligning with entry zone.
= Instant market execution Buy.
0.5% risk.
Selling eurcad Last Friday fake breakout due to news data
Now h4 candel forming downside the trend
Trend broekn confirmed overall selling pressure
EURCAD showing bearishnessEURCAD on daily chart is showing weakness rsi showing bearish divergence, short sell is recommended with stop loss at previous high
EURCADM
Retest on the highs
W
Retest on the highs
flet walls
(-) new liq
D
BM and H&S
Impuls & correction
4H
Inv H&S
EURCAD IDEA 26 aug 2024Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!
EUR/CAD SHORT FROM RESISTANCE
Hello, Friends!
Bearish trend on EUR/CAD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.487.
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