i see a clear bearish move incoming lets call it a MWRi see a clear bearish move incoming lets call it a MWR, the midweek reversal, ill take the short from the highlighted area on the chart to capitalize the highest RR possible
EURCAD trade ideas
EURCAD - DivergenceThe EUR/CAD pair has exhibited bearish divergence, indicating the potential onset of a bearish trend.
EURCAD-SELL strategy 4-hourly chartThe pair seems poised moving south, and corrective action towards 1.4765 area possible.
Strategy SELL current @ 1.4870-1.4890 and take profit @ 1.4785 for now. SL above 1.4927.
EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
EUR/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 6H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.481 area.
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EURCAD What Next? SELL!
My dear friends,
Please, find my technical outlook for EURCAD below:
The price is coiling around a solid key level - 1.4860
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.4822
Safe Stop Loss - 1.4888
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
EURCAD: Strong Potential to Drop Lower 🇪🇺🇨🇦
EURCAD has a nice potential to drop lower
after a false violation of a key horizontal resistance.
The price just formed a strong bearish imbalance,
confirming a bullish trap.
I think that the pair may keep falling to 1.4847 support.
❤️Please, support my work with like, thank you!❤️
EUR-CAD Potential Short! Sell!
Hello,Traders!
EUR-CAD is going up
But the pair will soon
Retest a horizontal
Resistance level of 1.487
From where we will
Be expecting a
Local bearish pullback
Sell!
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Check out other forecasts below too!
EURCAD_BullishScript currently trading in the bullish zone and printing higher highs, we found this as an opportunity for a quick short scalping and identified the levels accordingly as well.
DYOR (Do your own research)
EURCAD is approaching a significant supportHey Traders, in today's trading session we are monitoring EURCAD for a buying opportunity around 1.47700 zone, EURCAD is trading in an uptrend and currently is in in a correction phase in which it is approaching the trend at 1.47700 support and resistance area.
Trade safe, Joe.
EURCAD: Long From Support 🇪🇺🇨🇦
EURCAD may bounce from a solid intraday horizontal support.
After its test, the price formed an inverted head and shoulders pattern
and broke its neckline.
I think that the pair can reach 1.483 level easily.
❤️Please, support my work with like, thank you!❤️
Bearish reversal?EURCAD is rising toward the pivot point and could potentially fall to an overlap support
However, a break above the pivot it could rise to the multi-swing high resistance
Pivot: 1.4799
Support: 1.4737
Resistance: 1.4836
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EUR-CAD Long From Support! Buy!
Hello,Traders!
EUR-CAD is making a
Bearish correction but
The pair will soon hit a
Horizontal support of 1.477
From where we will
Be expecting a
Bullish rebound
Buy!
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Check out other forecasts below too!
EURCAD H4Entry Price 1.47500~1.47650
Stoploss 20pips Below lowest price 1.47300~1.47500 (Stoploss range 30~35pips)
Takeprofit at 1.48500
EURCAD: Developing a major correctionEURCAD: Developing a major correction
EURCAD is moving inside a large corrective pattern and it is showing clearly that
we have a bullish and a bearish zone where the price
reacted very well in the past.
Considering also that the Eurozone Preliminary HICP inflation rose to 2.6% YoY in May vs. 2.5% expected, we can see EURO advancing more during the coming hours.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
5/30/24 - EURCAD Sell (cont.)selling ECAD
continued analysis from previous post.
looking to take profits at either LOD for 1:2 or 1:4
EURCAD SHORTHello traders,
The EUR/CAD setup looks promising. I have marked the important key level and my potential short position idea. I will provide an update if the market changes.
Wishing you blue digits on your trading platform!
EURCADEURCAD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 38% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
SELL IDEA EUR/CADWe can expect to have a reaction in the direction of selling from the specified resistance zone
EURCAD is on the Edge of Consolidation1. EURCAD trading above the trendline.
2. Once its swept the support zone we may take a short entry depends on the upcoming fundamental news.
3. If 1.47300 support level broken with 200 EMA crossed then its the confirmation for short.
4. I'll update further details on coming days.
please follow and support.
EURCAD: Three days cycleHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance ✅ Three days cycle
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump ✅
Dump&Pump
Frontside
Backside ✅
4. THESIS:
Long: N/A
Short: Possibility to see this market going to stop the previous LOW, long traders are still in profit and most of their SL are mostly below that level.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
