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Eurcadsell

EURCAD 1H👋 Hello and welcome traders to another trade ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 💡 Why should you follow our profile on TradingView? 1- Consistent chart updates 2- Clean charts 3- Short and long-term perspectives 4- Visually teaches you valuable lessons 5- High probability setups 6- Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research. Thank you for reading, Cheers to many pips! 🤝
Short
by med-aaris
EURCAD, daily tf, sell ascending trendline break Hello my friends, Another trade to take today is EURCAD pairs. I've been watching this pairs since the big bearish candle took out that ascending trend line during December 4th. We could see this pair go lower again because the last 2 days candle has failed to closed back above the trendline. This trend line pretty much become a resistance now and there is horizontal resistance as well at 1.5530 area. Notice EMA10- and EMA-20 now become a resistance as well and located around 1.5520-30 area. We could draw a conclusion that 1.5530-20 area is an area of confluence resistance and it will take a big power from buyers to take this resistance down. Notice also the last 2 daily candles are bearish pinbar. It means sellers are in control of this pair and don't want EURCAD to go higher for now. Sell EURCAD 1.5525 Stop loss 1.5580 Take profit 1.5360 (3R) RR ratio 1 : 3 Use only 1-2% risk Good luck Disclaimer : i hold EURCAD sell from 1.5525
Short
by HayatoDragonFX
1
EURCAD, 4hr tf, sell after wave-4 retracementHello my friends, Another setup for the coming week is EURCAD pair. As you can see, the recent movement of EURCAD could be analyze using Elliott Wave theory. We could assume the recent movement to the downside as an impulsive wave-1 and wave-3. After this impulsive wave-3 we could expect price to retrace. Wave-4 usually retrace around 23.6%-50% fibonacci retracement. Well, for the best trade setup we could try to set a pending sell limit order around 50% retracement because it will give us a favorable 3R setup. Sell limit EURCAD 1.5570 Stop loss 1.5610 Take profit 1.5450 (3R) RR Ratio 1 : 3 Use only 1-2% risk After price move according to our direction for 40-50 pips, please set SL to BE or take partial profit Good luck
Short
by HayatoDragonFX
EURCAD, 4hr tf, sell channel breakout retestHello my friends, Last setup for today is EURCAD pair. As you can see there is a ascending channel which has been broken recently. Price retest this channel twice and failed to close back above it so i could say it is now a valid resistance. We could see price rotate lower from this point. The last 4hr candle also looks like a bearish pinbar which is a good indicators that sellers are in control for now. Sell EURCAD 1.5490 Stop loss 1.5520 Take profit 1.5430 (2R) RR ratio 1 : 2 Use only 1-2% risk Good luck Don't forget to check my other ideas that i posted recently and give it a thumbs up.
Short
by HayatoDragonFX