EURCAD Showing Butter Fly Patterns EURCAD Showing Butter Fly Patterns Bearish in Dailly Time Frame Looking for Short for TP1 and TP2 respectively Shortby Mazharghouri1
SELL STOP SHORT EUR/CAD at 1.4713EUR/CAD has been carving out a sideways channel since Friday and the bottom of this channel coincides with the 200 EMA on 15M time frame which is also the 50EMA on H1. A break out of this channel and a break of the supporting EMA's would suggest we are headed lower. If we look at the H4 time frame we can see where the 200 EMA has supported the price and this looks a natural target for EUR/CAD BEARS should the 1.4716 support break. Price ALWAYS returns to the 200 EMA eventually and of course this happens more frequently on the lower time frames. On H1 we last saw the 200 EMA hit last Friday so we can expect to see the price gravitate to this key support level before long and a break of 1.4716 could see the start of a move south. There is no scheduled news expected from the EURO zone and the next CAD news is Fridays CAD Unemployment Change and Unemployment Rate so the the price should drift lower over the next few days as long as the channel is broken. Shortby forextraplaces1
Technical analysis EUR/CAD in a one-hour time frame Due to the upward trend of this currency in the daily time frame and the price correction in the one-hour time frame, it is expected that the price will reach the range specified by our analysis and trading team and continue its upward trend from there. Good luck, dear ones.Longby alirezasadeghy642
EURCAD Will Go Down! Short! Please, check our technical outlook for EURCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.472. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.462 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProviderUpdated 111
EURCAD: Bearish ABCDEURCAD is showing the formation of bearish ABCD pattern, we will entry the buy trade after the break of point B keeping the targets as per risk reward ration. When the price will reach the PRZ then we will see the price action of short.Longby matifakbar0
longwe did a breakout and a retest and we should move higher to make a higher high.Longby misternicoUpdated 0
Sell EURCAD Channel BreakoutThe EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.4730 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.4677: This represents the first level of support within the channel. 1.4645: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.4745. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.Shortby KABHI_FOREX_TRADINGUpdated 446
EUR/CAD SENDS CLEAR BEARISH SIGNALS|SHORT Hello,Friends! EUR/CAD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.466 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals111
May 6th 2024 - EUR/CADOVERALL GAME PLAN I am going to sell the pair EUR/CAD ANALYSIS IN MY FAVOR * Currently at resistance level on the 4 hours and daily * Overall trend is bearish ANALYSIS AGAINST ME * Current short term trend is bullishShortby Vadym-TradezUpdated 1
EURCAD Update Buy limitEURCAD Update..! If the pair comes to 1.46600 level it be best opportunity for buying market more than 400 pips. Bu till that support do not sell. EURCAD BUY Limit 1.46600 STOPLOSS 1.46200 1ST TARGET 1.47000 2ND TARGET 1.47600Longby chamitha451
EURCAD LONGEURCAD LONG DAILY - Inverse head and shoulders - Buy zone - Trendline 3th touch WEEKLY - Inverse head and shoulders - Buy zone - Natural M 4 HOUR - Inverse head and shoulders - 68 fib completion Impulsive aproach of zone of interest -wait for entry: decelleration or small patternLongby ToanerzihUpdated 2
longHi Guys very good trade coming up for the eurcad ,very good volume for the buyers secondly fundamentals are also with bullish euro.Good long trade expected for euro cadby aslamfahad0200
EURCAD I am waiting for a potential purchase from the marked zone with confirmations. we had it on a high timeframe SMT with GBPCADLongby Mash_aka3
I'm expecting a bearish trendWhen you check your D1 time frame, you clearly see that the market has approached a very strong resistance zone, look for for patterns as the price might go little bit high to hunt SL before it moves down. NB:NO REVERSAL PATTERN NO ENTRY.Shortby Bonga012
Looks like a SELLOn a strong daily resistance. I expect it to go down soon till 1.50 Shortby samuraixx0
EURCAD BullishEURCAD triangle formation, the price consolidating between support and resistance zones about 2 monthsby abdirahmanboss112
EURCADWe looking for selling opportunities as we are below the resistance zone resulting in sellsShortby officialpotego_fx8
Eurcad is bullishStill continuing to the upside although the htf is showing bearish signs. But for now i am holding from this 1hr tf after triggering my POI. Hapi trading.Longby ellcothleoma021
EURCAD - Potential long ✅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 only for long position. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block. Fundamental news: Next week on Friday we will see results of Unemployment Rate on CAD, news with high impact on currency. Like, comment and subscribe to be in touch with my content! Longby Snick3rSD10
EURCAD My Opinion! SELL! My dear friends, My technical analysis for EURCAD is below: The market is trading on 1.4677 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.4644 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsUpdated 114
Eurcad sell Sell this pair , liquidity grab on HTF and down we go. Benn following this pair for quite awhile.Shortby Guineafx2243
EURCAD H4Hello You can see the EURCAD chart in the one-hour time frame In my opinion, the best entry point is at the price of 1.46637, observing the loss limit of the specified areaLongby Ahvaz_ChartistUpdated 5