EURCAD trade ideas
EURCAD Is Going Up! Buy!
Take a look at our analysis for EURCAD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 1.460.
Considering the today's price action, probabilities will be high to see a movement to 1.464.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Lingrid | EURCAD testing SWAP ZONEThe price perfectly fulfills my last idea. It hit the target. FX:EURCAD broke through the range zone, and it pulled back to it after testing the support. Price action made impulse moves down from resistance, where a swap zone was formed. The market trend is bearish; therefore, I expect the price to continue to move lower toward support from resistance, which is the previous day high. I think the market might test the equal lows below. On the daily timeframe, the market formed long-tailed bars, indicating bearish pressure. My goal is to support at 1.46010
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
eur/cad 1HLooking at the chart, we can see that the market is in a downward channel in the 4-hour period and is falling. Our target is the limits of 1.46.
EUR-CAD Rebound Ahead! Buy!
Hello,Traders!
EUR-CAD went down
And will soon retest a
Rising support from where
We will be expecting
A local bullish rebound
Buy!
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EURCAD: Long Trading Opportunity
EURCAD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long EURCAD
Entry - 1.4609
Sl - 1.4589
Tp - 1.4646
Our Risk - 1%
Start protection of your profits from lower levels
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BUY EURCAD 💲💀 №331FX:EURCAD
Trading Forex and other financial products with leverage is highly risky and can result in substantial losses. Trading in the market may not be suitable for everyone. You need to be aware of all the risks and seek the help of independent financial advisors if you have any questions or doubt
EURCADA bearish flag is a technical chart pattern that typically forms after a significant downward price movement in a financial asset, such as a stock or a cryptocurrency. It resembles a flag on a pole, hence the name. The pattern consists of two main components:
1. **Flagpole**: This is the initial sharp decline in price, which forms the pole of the flag. It represents strong selling pressure and often occurs on high trading volume.
2. **Flag**: Following the flagpole, there is a period of consolidation where the price trades within a narrow range, forming a downward-sloping channel or a rectangle. This consolidation phase is called the flag. It suggests that sellers are taking a break and the market is catching its breath before potentially resuming the downtrend.
The bearish flag pattern is considered a continuation pattern, indicating that the downward trend is likely to persist once the price breaks below the lower boundary of the flag. Traders often look for entry opportunities to sell short when the price breaks below the flag, targeting a price decline similar to the height of the flagpole. However, like any technical pattern, it's important to consider other factors such as volume and market context before making trading decisions.
EURCAD in the first half of 2024A glimpse of the EURCAD in the first half of 2024
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According to my risk and capital management system, the risk of each trade is one percent per position.
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I'll tell you the exact rebound spot for #EURCADHello friends nice to meet you all hope you have a good day
#EURCAD
When you look at the big picture, It is moving sideways, drawing a BOX pattern.
By looking at the important tail zone in the past wave and calculating the angle of the short-term trend line,
a RED short-term trend line was created.
With the current decline, There will be a rebound near the bottom of the red short-term downtrend line or BOX, and candles will go towards touching the top of the BOX.
EURCAD - NEW BREAKOUT 📉Hello Traders !
On Thursday 25 April, The EURCAD Price Reached The Resistance Line and Failed To Break it !
The Last Higher Low is Broken (Change of Character).
So, I Expect a Bearish Move 📉.
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TARGET: 1.45965🎯
✅EUR_CAD GROWTH AHEAD|LONG🚀
✅EUR_CAD is going down now
But a rising support level is ahead
Thus I am expecting a rebound
And a move up towards the target at 1.464
LONG🚀
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EUR/CAD +65 Pips Congratulations if u entered with me According to the price condition now it is facing a very strong resistance that forms a celling to it right now and it created a downtrend line with 2 waves and now we are about to create the third wave.
If u used ur fib tool u will see that the price is near the 61% and 71% fib level that’s why i chose to put a sell limit order around 1.46750.
I also chose 50 pips to be my stop loss as if the price came above 78% fib level and closed with a daily candlestick it means for me that the price will continua rallying up and the downtrend will end. And for the take profit i prefered to take around 250 pips.
Hope u guys make good profits with me and if u entered with me are u agree write to me in the comments.
EURCAD SELLPossible Setup. Higher TF is bearish based on price action. Market reacting to fib area + 4HR reversal pattern.
Let's see if the sellers are in for the downside
EURCAD//BUYOANDA:EURCAD
The price of the currency pair is expected to start a downtrend after reaching the resistance level of 1.45867
Consider your risk management before entering a trade.
Pay attention to economic news and events that may affect the EUR and CAD exchange rates
EURCAD SELL SCENARIOWhat I'm expecting to see, is price to go down from here targeting the equal low below the price for sell side liquidity, as price has reached an area of resistance, Bearish orderblock
EURCADCAD is strong Oil going up
Crossing paths of currency strength graph
A return to previous levels
One should take partial profits and BE 75% into the trade ready to close out on pull back to lock in profit.
Lets See : )
Enter ShortBased on price behavior and my algorithms, currently we are bouncing off of an order pool and should begin a downward trajectory to the designated profit target.
EURCAD - Fibo Retracement TradeOnce again same pattern of pulse->pullback-> Break Fib(0) and retest Fib(0)
XAUUSD and EURCADGold playing out nice and EURCAD still dancing lets see how it will playout during New York
EUR/CAD H4 | Bearish downtrendEUR/CAD is rising towards a resistance zone that is bounded by the descending trendline and Fibonacci retracement levels. It could potentially reverse off this zone to drop lower.
Sell entry is between 1.4650 and 1.4655 which is a resistance zone that is bounded by the descending trendline and Fibonacci retracements at 38.2% and 50.0% levels.
Stop loss is at 1.4690 which is a level that sits above a Fibonacci confluence (the 50% and 61.8% retracement levels) and a pullback resistance.
Take profit is at 1.4579 which is a pullback support.
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