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Eurcadshort

EURCAD facing bearish pressure, potential for a reversal!Price is holding below the moving average resistance, showing bearish pressure in line with our bearish bias. We could potentially see price reverse at our 1st resistance, which is in line with our 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal pullback resistance, and face further downside towards 1st support, in line with our 50% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
1
EURCAD > Cypher Pattern Near Structure, For Sells!!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you. Analysis up on #EURCAD Hello friends. Similar to my USDCAD we have here Cypher pattern near structure level good for sells, but the thing is we have violated the X leg, I can still trade this if i get a rotation pattern and the market does not close above the X leg Safe trading everyone Check today analysis below⠀ >> One trade must not make you, one trade must not break you _____________________________________________________________________________⠀ -Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀ -Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Short
by TheTradersAvenue
17
EURCAD - BEARISH BIASEUR - BEARISH 1️⃣ Investors fear that rising COVID-19 cases across Europe and the ongoing restrictive measures and vaccine delays could further hurt economic recovery. 2️⃣ EU leaders insisted during its March summit on the need to urgently accelerate the vaccination campaigns and agreed to keep restrictions in place for the time being, including on non-essential travel. CAD - BULLISH 1️⃣ In the absence of significant fundamental drivers, the risk-on market environment seems to be making it easier for CAD to find demand. ===== TECHNICAL ===== - We are shorting this pair on SMA50 area + SBR level + fibo retracement level of 50-61.8% on H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Short
by MonsunAsia
EURCAD short valid🇪🇺🇨🇦✅Morning traders. Bank holiday I know but I like this pair so thought heck why not. The pair in question is EURCAD working the 30M time frame and our strategy says it's time for a short. The trade is just shy of 1:3 risk reward trade and is well under way. As with all my idea strategy test data can be found at the bottom of the screen. The data shown is for year to date performance but I have traded this pair for over a year now with great data stretching back to Jan 2019. Data is based is on £2000 starting capital risking 1% per trade has seen 27% ROI so far this year. Having the strategy tester enables me to enter the markets with a proven trading strategy. I don't recommend jumping on random TradingView ideas as this is no way to build a trading plan or consistency. Lets see how this one plays out. For any questions on the strategy in use feel free to drop me any questions. Thanks for taking the time to read my idea. Rich.
Short
by RichScott
EURCAD SELL/SHORT till 1.41635Technical Analysis 1. Clear Ascending Triangle has been formed 2. Failed Head & Shoulder (Expect the built momentum above the shoulder at 80% of the Head Size) 3. Huge Bearish Candle Stick (Without forming a candlewick at the bottom also at the top provides us indicators that there'll be a continuation of this momentum) 4. Fibbonacci retracement expected to hit Key Level which is also on 0.618 (Golden Zone) 5. Fibbonacci Expansion simulates the potential growth and limit of the rise of expansion to 1.618 which is also near the point of failed Head & Shoulders take profit level Take note that the market is also sitting on the trendline of an ascending triangle. So if a candlewick starts forming we could see a possible rise Expecting the market to form something of a Hammer, Pin or Dragonfly doji to form similar to what I've arrowed and circled
by traderprosignals
EURCAD approaching 1st resistance, potential for reversal!Price is approaching our 1st resistance, which is in line with our 50%, 61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal overlap resistance. We could potentially see a reversal at this level and further downside towards our 1st support, in line with our 61.8% Fibonacci extension and horizontal swing low support. Price is also holding below the Ichimoku cloud and descending trendline resistance, showing bearish pressure in line with our bearish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
2
EURCAD approaching descending trendline, potential for reversalPrice is holding below the Ichimoku cloud and descending trendline resistance, showing bearish pressure in line with our bearish bias. We could potentially see a reversal at 1st resistance, in line with our 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal swing high resistance, and further downside towards 1st support, in line with our 100% Fibonacci extension and horizontal swing low support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
EURCAD: short opportunity on h4Hi Traders, This is my view on this cross for the next few days. #EURCAD SELL 1.48550 SL 1.4904 TP 1.473 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Trading Kitchen
Short
by kitchen_trading
EUR/CAD Technical Analysis.Hello traders, EUR/CAD is trading at 1.4850. The Pair is trading in ascending resistance and support wedges from some time and the price just touched support level. As the price has touched support level it will give a small pull back and then it can come down to break the support level. If the price breaks the support level then its target price will be at 1.4721. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5