EURCAD trade ideas
EUR/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
EUR/CAD is making a bullish rebound on the 4H 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 1.497 level.
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EURCAD IS TRENDING BEARISHAbove is a 4hr Euro/Canadian dollar chart which shows price has been breaking lows and trading lower. We have trendline liquidity that price took out after reacting to a 4hr supply zone. Price created a huge 4hr fair value gap (fvg) at premium price. If price is to continue with the Bearish market structure then we need to see price reacting to the 4hr fvg and giving us a shift in market structure.
As we wait for the market to finish retracement, goodluck.🌟🌟🕣
EUR/CAD Sideways Trend (Trade Plans)EURCAD has been moving sideways for a long period.
That's because you are getting no real S/D imbalance, as may be the case for various economies and currencies alike.
One to watch for dip buys and re-shorts higher.
eurcad buy tradeTrend: The trend appears to be bullish, with the price moving above the 1.490 level1
.
Support Levels: Key support levels to watch are 1.485 and 1.470. If the price remains above these levels, it could indicate further upside potential.
Resistance Levels: The nearest resistance is around 1.500. A break above this level could reinforce the bullish outlook.
Technical Indicators: The Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move.
EURCAD View!!Markets expect the Federal Reserve to cut rates by just 25 bps in November, rather than 50 bps, following the jobs data. According to CME's FedWatch tool, markets are pricing in a 85% chance of a quarter point cut, up from 47% a week ago, and a slim 0.15% prospect of no cut at all.
A rise in the yield on the benchmark U.S. 10-year note
US10Y
above 4% for the first time in two months was also a psychological support.
Against the Japanese yen, the dollar weakened after Atsushi Mimura, Japan's top currency diplomat, issued a warning against speculative moves on the foreign exchange market.
EURCAD Buyslooking at buys, what do we think?
why is it asking me for such a thorough description. I don't want to do all that
EUR/CAD - Potential Buy Reentry H4 TFTechnical analysis based on Basic BBMA strategies( Bollinger Band and Moving Average). This is just a potential market projection where the market price can go. Trade wisely.
#EURCAD 1DAY#EURCAD 1-Day Forecast Sell based on a Channel Pattern
On the daily chart for #EURCAD, the price is moving within a clearly defined **descending or horizontal channel**, signaling a potential **sell opportunity**. The price has been respecting both support and resistance levels, forming a continuous trend inside the channel, with a bearish bias dominating the market.
Key Insights:
1. Channel Pattern:
- The price is fluctuating within a descending or sideways channel, where it repeatedly bounces between resistance and support levels.
- The upper resistance line of the channel is holding firm, acting as a ceiling for the price, while the lower support line limits declines.
2. Sell Scenario:
- With the price near the upper resistance of the channel, this is an ideal point for a sell entry, expecting the price to reverse and move toward the lower support.
- Confirmation for selling can come from bearish price action (e.g., bearish candlesticks or rejection at resistance), indicating that sellers are regaining control.
3. Trend Continuation:
- The overall market bias is bearish, as evidenced by the lower highs and lower lows within the channel. As long as the channel holds, the price is likely to continue this pattern, making selling on rallies an optimal strategy.
4. Volume Confirmation: Monitor volume for confirmation. A rise in selling volume as the price nears resistance would strengthen the bearish outlook, while low volume near the support could suggest a lack of momentum for further declines.
5. Stop-Loss Considerations:
- For a sell position, place a stop-loss slightly above the resistance level of the channel, as a breakout above resistance would invalidate the sell setup and suggest a potential reversal to the upside.
Trading Strategy:
Entry: Enter sell positions near the upper resistance level of the channel, anticipating the price to move downward toward the lower support.
Take Profit: Set take-profit targets near the lower support zone of the channel, where the price may bounce or consolidate.
Stop Loss: Place a stop loss above the channel's resistance line to manage risk in case of an unexpected breakout.
This analysis indicates that #EURCAD is currently in a **sell position** on the 1-day timeframe, especially as it nears the resistance of the descending or horizontal channel. Traders should aim for downward movement while managing risk carefully with proper stop-loss levels.
Analytics on EURCADA clear bearish setup. We can see makert breaking recent low to than retrace back to our mitigation block at the 0.61 fib level
09.10.24 Morning ForecastPairs on Watch -
FX:EURCAD
FX:USDCAD
FX:EURNZD
FX:GBPNZD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
EURCAD FORECASTINGThis pair is looking more of selling potentials It's the matter of being patient to wait to see where market will allow us to get in!
EUR/CAD 2 Day AnalysisPrice has rejected the bottom of the range with a Morning Star Pattern on this time frame. There is a potential for price to push higher now with a possible final target of 1.5150 at the top of the range.
EUR-CAD Risky Short! Sell!
Hello,Traders!
EUR-CAD went up locally
But will soon hit a horizontal
Resistance level of 1.5011
From where a local bearish
Correction is to be expected
Sell!
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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*****
EURCADEURCAD is in bullish trend.
Potentially printing HH and HL.
No sign of reversal here.
buyers are strongly active.
we buy at CMP.
EURCAD Buy Position .Looking for longs from this daily key level
Risking 2% and with a decent Risk To Reward
EUR CAD ELLIOT WAVE LONG TERM MOVEEC is a strong long. Prediction is made solely from Elliot wave theory. Will see a huge impulse wave to the upside and drop at major resistance.
EUR/CAD Bank Money Heist Plan on Bullish SideHola! My Dear Robbers / Money Makers & Losers, 🤑 💰
This is our master plan to Heist EUR/CAD based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss 🛑 : Recent Swing Low using 2H timeframe
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Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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Stay tuned with me and see you again with another Heist Plan..... 🫂
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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