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Euro / Canadian Dollar

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EURCAD trade ideas

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. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
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.
by GioFeph
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
Short
by TheGoldRoom
4
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
by Linkhive001