SHORT ON EUR/CADPrice has rejected resistance multiple times with major wicks.
Price is currently falling with momentum to the downside.
Eurcadshort
EURCAD | Still Heavily BearishHello fellow risk-takers,
EURCAD is still heavily bearish on larger timeframes, in particular, monthly.
The subject of interest is at which point in price will the pair begin to resume its free fall? The above setup works such estimation.
Trade well and take care!
EURCAD short missedGreat trade so far, again, I missed this trade as it hadn't reached the entry point yet, I'd placed an alert at just above the entry point to signal the drop, however I missed the alert coming through. Very annoying as its looking great so far, not going to enter the trade now as Its too far past the entry.
EURCAD | short trade opportunity 👀- For today's trade, we have EUR/CAD. It's trending towards the downside on all the higher time frames, and all the moving averages are nicely following the trend as well.
- We have a 1-hour bearish engulfing candlestick closure, breaking all the moving averages and suggesting bearish power in the market.
- The trade has some room to move before it will re-test daily support, so at least 30-40 pips.
- The hedge funds are indicating that EUR is being sold off while CAD is being bought.
- There is no news today for EUR, but tomorrow we will have CPI news, which might have an impact on this trade.
Eurcad for 100 pipsExpecting a bearish flag for EuRcad into 1.33990.
NB: there’s a rise of oil prices too….Canadian dollar will keep on rising till the end of the economic crisis which is about to start
EURCAD 45 MIN SELLEURCAD is in A Bearish Trend. So in A Bearish Trend Always Looks For A sell opportunity. We are seeing An ORDER BLOCK AREA Which we had Marked their this is Possible Area from where the Market Could Reverse Again to the Downside
EURCAD | TRIPLE BOTTOM?EURCAD has once again approached to horizontal support level where bulls once again show some momentum.
The bullish divergence has started to appear on the RSI. We need one bullish candle on the support to go for long in this pair.
Trade your levels accordingly.
EURCAD A Great Selling Opportunity 🤨👌Trade Proposal:
There is a probability of first tp to the proposed ( 1.340 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
EURCAD is in Downtrend and It is Expected to Continue Downtrend.
ECAD TO THE DOWNSIDE!!!As investors await the NFP data in 2 hours time, i'm expecting ECAD to close this week below last week's low and forming a new low below 1.134400.
EUR/CAD SETUPwith close a daily bullish candle and bullish flag, i expect rise to touch resistance top of channel +0.38 fibo + ema 200 then continue sell
EURCAD $EURCAD Initial Short EURCAD $EURCAD Initial Short. SL and TPs on chart. 10-30x leverage. Move SL on TP.
eurcad 4h shortThis signal is seen in 4 hours. As you know, the signal is not suitable for people who want to finish the transaction quickly.
EURCAD | STILL IN RANGE
EURCAD has been trading in a range for more than 2 months. The price did attempt to break above it but it failed and is likely to retest the falling resistance breakout area.
We will monitor the price action on the dotted horizontal line and attempt to take a long position.
Trade your levels accordingly.
EURCAD Down Trend.!#EURCAD Looking for Sell trade setup as I mentioned in the Chart.!
Keep Supporting LIKE, COMMENT And FOLLOW.!
Thank You.!
EURCAD LONGEURCAD BUY - 4H CHART
IF you like my ANALYSIS and find it successful, support it by liking and commenting. Don't forget to express your different opinions.
EURCAD | NEw perspectiveIf we look closely into what has been happening since yesterday on a lower timeframe, we will notice how it appears that price action has been rejecting the Bearish trendline identified on the daily time frame. In this regard, I want to be looking forward to selling opportunities right below the key level identified at 1.36900
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
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Past performance is not necessarily indicative of future results.
EURCAD Down Trend.!#EURCAD Looking for Sell trade setup as I mentioned in the Chart.!
Keep Supporting LIKE, COMMENT And FOLLOW.!
Thank You.!
EUR/CADX2 Position
1. Sell: EUR / CAD
Sell limit: 1.37530
SL @ 1.37840
TP1 @ 1.36740
TP2 @ 1.36250
Max Risk: 2%
2. Sell: EUR / CAD
Sell limit: 1.37900
SL @ 1.38160
TP1 @ 1.36740
TP2 @ 1.36250
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
Leave comments or likes to keep our content free and alive.
Have a good week to everyone
It is not an investment recommendation
EURCAD | BREAKOUT INSIGHTEURCAD has given a breakout from long-term falling resistance after 4 months.
The pair looks bullish as after the double bottom formation, the price is making higher highs and higher lows.
One can form different strategies here;
1. Buy at the current price
2. Buy on a retest of the trendline.
3. Buy on breakout of horizontal level 1.37713.
Manage your risk accordingly.
EURCAD ON MAJOR RESISTANCEEURCAD is currently on a major resistance. Expect price to resume falling to 1.3380
