EURCAD ANALYSIS BUYEURCAD ANALYSIS BUY
Please consider to put a like to my idea for supporting me & subscribe for more ideas.
Idea is not the financial advice!
Eurcadshort
EURCAD reached Resistance Level and will fallEURCAD has reached a resistance line that has been tested multiple times and rejected. We can expect the price to go test 1.55810 level then possibly go down and test 1.545 level.
EURCAD is testing 1st resistance, potential for further drop!EURCAD is testing our first resistance, in line with our 127.2% Fibonacci extension and horizontal swing high resistance. Price could potentially reverse off this level towards our first support, which is in line with our 78.6% Fibonacci extension, 50% Fibonacci retracement and horizontal overlap support. It is worth noting that the RSI is also approaching the resistance level at 59.93.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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.
SELL SELL SELLhello team, expecting the current h4 to close as a bearish candle from supply as well as the golden zone. profits shall be taken at the neckline
EURCAD Short trade ideaHey traders, here is the analysis for the EURCAD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
EURCAD EURCAD short preference towards T1 and T2.
Selling as long as downward resistance holds true
UPDATES to follow
EURCAD is facing bearish pressure, potential for further drop!Price is facing bearish pressure from our first resistance in line with our horizontal swing high resistance, 61.8% Fibonacci retracement and 100% Fibonacci extension where price could drop from this level towards our first support, which is in line with our horizontal pullback support and 61.8% Fibonacci retracement. It is worth noting that RSI is testing the descending resistance level.
EurCad can drop to 1.53Since August, EurCad is trading in a down trend.
The recent leg up seems to be finished and also on a 4h TF we can see a H&S formation
A drop under neckline support could lead to acceleration and a test of previous recent low.
I'm looking to sell this pair
Short on Pullback | Strong Zone of Confluence-Ascending TL broken, bearish trend forming up
-Respectable descending TL
-0.618 fib retracement
-Previous support now resistance
-MA50 supporting momentum to the downside
EURCAD - Bearish Bias EUR - BEARISH
1️⃣ As rising coronavirus infections remain in the spotlight and enthusiasm over a working vaccine fades.
2️⃣ In Germany, the federal government and regional leaders will meet again in a week to discuss the need for further restrictions.
CAD - BULLISH
1️⃣ The CAD was also supported by a rally in oil prices.
2️⃣ Canada CPI for October is set to surge as IVEY PMI reported an increase in price component.
=====
Technical
=====
We are selling the EURCAD below the resistance on the H1 chart.
SELL SELL SELLHELLO TEAM. EURCAD has created a head and shoulders.
kindly follow me so you don't miss out on more setups
EURCADI'll be expecting it to come right back to retest the broken support (which is at the 61.8 zone of the fib) and make a strong drop to the down side.
Risk : Reward
1 : 5
Short on Pullback-Support broken, looking for a pullback to retest confluences
-0.618 fib retracement
-Previous support now acting as resistance
-Respectable descending TL
-MA50 shifting momentum
EURCAD could go lowerWe are monitoring EURCAD in the event we can perform a short position. Still waiting for confirmation.
EURCAD - SWING - 16. NOVE. 2020Welcome to our weekly trade setup ( EURCAD )!
-
1 HOUR
Very bearish price action and pressure.
4 HOUR
Closure below main sr level!
DAILY
Expecting prices to push lower now..
-
FOREX SWING
SELL EURCAD
ENTRY LEVEL @ 1.54750
SL @ 1.55620
TP @ 1.53430
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
EURCAD- W SHAPE ENDINGAs commonly known to most, the letter "W" is seen often. Whether this be in reading, or in forex, it's very easy to catch. As we see here on the 4h timeframe, EURCAD has just formed an over-extended W formation; meaning that it went down, then up, then down, then up again.
Often, after this pattern is formed, the currency moves to the downside. I have strong feeling that EURCAD is done moving for now and will make a move downwards also due to my other strategies (which I will not explain much upon) . Use your own due dill if you decide to enter a position. Please remember I am not a financial advisor and this is just my opinion.
EURCAD short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
