EURCAD trade ideas
10/8/24 - EUR/CAD two options
price is at a demand and could respect, give a bullish push into a BOS, then retest for entry.
if price doesn't no respect this demand. the next target is HOD and demand's below this zone.
price is bullish on the daily & above the EMA on the 4H - 15 min time frames.
will monitor for next steps.
EUR/CAD - Questionable Bullish MomentumEUR/CAD - Created a double bottom and is presenting (weak) bullish momentum. HOWEVER, there is NO confirmation and NO confidence in this trade.. I am entering with a low position due to the wide RR and low confidence in this trade, visually price is unstable and is not presenting clear enough bullish momentum. I am targeting the daily range.
****This specific trade is for documentation purposes only*****
EUR/CAD Bank Money Heist Plan on Bullish SideHola! My Dear Robbers / Money Makers & Losers, 🤑 💰
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Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
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EURCAD Buy ForecastEURCAD New forecast👨💻👨💻
Note:
Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP.
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EURCAD Technical Analysis and Trade Idea👀 👉 EURCAD is showing a bullish trend on the higher time frames, and I'm watching for a potential buy setup, depending on specific conditions discussed in the video. In the video, we break down the essential price action signals to monitor and how to capitalize on the next opportunity. Disclaimer: This analysis is for informational purposes only and is not intended as financial advice. 📊✅
Potential Long on ECIt is Monday and the market is getting set for the week ahead,
Looking at EC right now for a potential long position.
If that FVG is respected , showing bullish engulfing on the 15 or 30min TF. The next candle will let us know. Patience
After confirmation I will be looking for shorts.
Entry on 15 or 30min TF
No rush , let see what happens
#EURCAD 1DAYThe EUR/CAD pair on the 1-day chart is approaching a key support level that could potentially signal two scenarios depending on price action. Here's a description for both scenarios:
Bullish Scenario (Buy Support Bounce):
Pattern & Support: The EUR/CAD pair has been trading within a range, and the price is nearing a strong support level that has been tested multiple times in the past. This level could serve as a potential bounce zone if buying pressure reemerges.
Forecast: If the price shows signs of rejection at this support (such as bullish candlestick patterns like a pin bar, engulfing pattern, or increased buying volume), it suggests a reversal and potential upside movement. Traders may look to enter long positions with the expectation of a bounce from this support level. A target could be set at recent resistance levels or Fibonacci retracement points.
Bearish Scenario (Sell Support Breakdown):
Pattern & Support: If the price fails to hold above the support level and breaks below it with strong momentum, this could signal a bearish continuation.
Forecast:A break and close below the support level, especially with increased selling volume, could trigger a downside move. In this case, traders might look for short opportunities, anticipating further declines. The next potential targets would be lower support zones or previous swing lows.
In either scenario, traders should monitor volume, momentum indicators (like RSI or MACD), and price action closely to confirm their trade direction.
EURCAD is trade to make 300 pipsYesterday, the euro again bounced off 1.5120 support and tested 1.5160 resistance against the Canadian dollar before going back to support. The proximity to a strong resistance zone may become a reason to close long positions, amid which the pair could break support and decline toward 1.5080-1.5050. Passing 1.5140 will increase the chances of breaking 1.5160 and rising toward 1.5200.
Selling on Rise is advised with target of 1.49 and 1.48... Good Luck
Is It That Bad in EU?Fundamentals & Sentiment
EUR:
- Market Internals
- Service PMI Beat after a gloomy series of news in EU (CPI, French deficit)
- Quite a bearish rhetoric of ECB
CAD:
- Some bearish comments
- Oil is subdued
Technical & Other
- Seeing euro decline as overdone, expecting shorts unwinding
Setup: S(RTF)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Down
Long-term: Range
Min target: DMA(10)
Stop loss: 0.27%
Position size: ~0.5R