09-09-2024 _ Short Term Bullish Idea _ EURCAD H4Impulsive move to the upside
Followed by 3 wave correction ( Regular Flat )
Bullish Flag Pattern
Look for BUY SETUPS from the Entry Zone.
EURCAD trade ideas
EUR/CAD Daily AnalysisPrice has rejected daily support, first seen when the daily candle rejected 1.4900 on 1st August this year. When price retested the zone at the end of August, we saw strong bullish momentum with Fridays candle closing as a bullish engulfing candle. This was predominantly due to negative employment data from Canada. There is potential for price to head back to 1.5150 if the momentum continues.
EURCAD POSSIBLE SELL?The market is currently testing a major resistance zone
based on weekly and daily TF. I do see a possible reversal chart pattern on the 4HR. The market is currently testing the 0.5 Fib level on daily TF, plus there is another confluence of break and retest of structure. Should the current level hold, we could possibly see some bearish momentum. Lets see how this will play out
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
EUR-CAD Bullish Breakout! Buy!
Hello,Traders!
EUR-CAD is going up now
Just as I predicted and
We are seeing a bullish
Breakout of the key horizontal
Level of 1.4978 which is
A support now from where
I will be expecting a
Bullish rebound and
A further move up
Buy!
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Big selling eurcadBig sell coming eurcad
Monthly trade setup
Support trend broken and retested a good
Big supply area ,just remember what i a. Saying from last month
Our last month idea already in good profit almost 250 pips running
EURCAD Buy IdeaOANDA:EURCAD has seen bullish momentum after BOC rate cut decision. Currently It's retesting its ascending 1H trendline from where we can look for long setups
EUR_CAD LOCAL SHORT|
✅EUR_CAD went up to retest a horizontal resistance level of 1.4988
Which makes me locally bearish biased
And I think that a move down
From the level is to be expected
Towards the target below at 1.4945
SHORT🔥
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EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
EUR/CAD is making a bullish rebound on the 3H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.488 level.
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EURCAD BUY!EUR/CAD has been in a correction phase for the past two weeks, but the presence of bullish divergence and a breakout above the recent lower low suggest a potential trend reversal at this point.
EURCAD SHORTliquidity taken out, no retested demand zone, resting liquidity lower, no retest seen on trendline. Reason to be bearish.
EURCAD bearish Flag & PoleEURCAD in bearish continuation pattern
Bearish divergence
Bearish Flag & Pole
Sell stop below the Pole
SL above the flag
EURCAD bullish ideaBased on a retracement idea :) GOOD Luck! Break ou of the trendline--> retracement.
I hope it works. Good luck!
EURCAD TRADE IDEAEURCAD has been trading in minor wave 1 within minutte wave (i) which broke out of channel, however, minutte wave (ii) seems completed and retrace to 50% fib which acted as a support to my confirmation, a broke above 1.49944 will trigger a confirmation to buy minor wave 3 within minutte wave (iii)
EURCAD Bullish Reversal OpportunityEURCAD price seem to be facing a strong support zone. A potential Bullish reversal seems in play as the price action has broken the previous Lower High.
Trade Plan
Entry @ 1.49340
Stop Loss @ 1.48790
TP1 @ 1.4989
TP2 @ 1.5044
No. of Trades: 2
Move SL to Break Even if TP1 hits.
EURCAD is BullishPrice was in a strong down trend, however the bullish divergence hinted that bulls are trying to win control, this notion was confirmed by the break of previous lower high and printing of higher high. If price breaks this freshly printed higher high then we can expect a bullish rally as per Dow theory. Targets are mentioned on the chart.
EURCAD Possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHI
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
EURCAD - Ascending TrendlineAs you can see in the chart, EURCAD is following Ascending Trendline
I'm expecting a break of the trendline and the beginning of the bearish trend.
The following are the target's I'm expecting in this pair
TP1: 1.49036
TP2: 1.47418
EURCAD trendy breakdown EUR is weak, i expect to retest previous support making a nice short sell opportunity
EURCADHi guys,
In this chart i Found a Demand Zone in EURCAD CHART for LONG entry,
Observed these Levels based on price action and Demand & Supply.
*Don't Take any trades based on this Picture.
... because this chart is for educational purpose only not for Buy or Sell Recommendation..
Thank you
EURCAD: Long Signal with Entry/SL/TP
EURCAD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURCAD
Entry - 1.4922
Stop - 1.4880
Take - 1.5008
Our Risk - 1%
Start protection of your profits from lower levels
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EUR/CAD BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
Bullish trend on EUR/CAD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 1.504.
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