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.
CADEUR trade ideas
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, 🤑 💰
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EURCAD Buy ForecastEURCAD New forecast👨💻👨💻
Note:
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EURCAD Technical Analysis and Trade Idea👀 👉 EURCAD is showing a bullish trend on the higher time frames, and I'm watching for a potential buy setup, depending on specific conditions discussed in the video. In the video, we break down the essential price action signals to monitor and how to capitalize on the next opportunity. Disclaimer: This analysis is for informational purposes only and is not intended as financial advice. 📊✅
EURCAD BUYEURCAD is reacting to a previous level of support, a trendline break and a double buttom validates a buy. Let me know what you think ib the comment section.
EURCAD THE TREND IS SETEC i am expecting a move to the upside from here. Huge long potential. Completed a 3 wave correction on a bullflag
EURCAD -Short Term LongRetracement to green line as it seems oil won’t go crazy from Mid East war shocks. Will reassess shorts at that level given upcoming ECB decision. Slow Monday overall with not many tasty setups.
Potential Long on ECIt is Monday and the market is getting set for the week ahead,
Looking at EC right now for a potential long position.
If that FVG is respected , showing bullish engulfing on the 15 or 30min TF. The next candle will let us know. Patience
After confirmation I will be looking for shorts.
Entry on 15 or 30min TF
No rush , let see what happens
#EURCAD 1DAYThe EUR/CAD pair on the 1-day chart is approaching a key support level that could potentially signal two scenarios depending on price action. Here's a description for both scenarios:
Bullish Scenario (Buy Support Bounce):
Pattern & Support: The EUR/CAD pair has been trading within a range, and the price is nearing a strong support level that has been tested multiple times in the past. This level could serve as a potential bounce zone if buying pressure reemerges.
Forecast: If the price shows signs of rejection at this support (such as bullish candlestick patterns like a pin bar, engulfing pattern, or increased buying volume), it suggests a reversal and potential upside movement. Traders may look to enter long positions with the expectation of a bounce from this support level. A target could be set at recent resistance levels or Fibonacci retracement points.
Bearish Scenario (Sell Support Breakdown):
Pattern & Support: If the price fails to hold above the support level and breaks below it with strong momentum, this could signal a bearish continuation.
Forecast:A break and close below the support level, especially with increased selling volume, could trigger a downside move. In this case, traders might look for short opportunities, anticipating further declines. The next potential targets would be lower support zones or previous swing lows.
In either scenario, traders should monitor volume, momentum indicators (like RSI or MACD), and price action closely to confirm their trade direction.
Eurcad for possible buy or sell.Price is trying to form double bottom on the support zone, if price should complete it(DB), wait for a break and a retest of the neckline. If price breaks below the current zone then the setup becomes invalid, Then we can look for sell.
EURCAD LONG TERM PLANEURCAD looking to me like a scalp short. We will see an entry swing long at the end of wave C on H4. Wait for M5 bullish pattern to form near entry zone.
EUR/CAD Is Bearish.EU has formed a consolidating lower lows structure that shows bearish might be in control if the 3red touch is mitigated .
Happy trading
EURCAD is trade to make 300 pipsYesterday, the euro again bounced off 1.5120 support and tested 1.5160 resistance against the Canadian dollar before going back to support. The proximity to a strong resistance zone may become a reason to close long positions, amid which the pair could break support and decline toward 1.5080-1.5050. Passing 1.5140 will increase the chances of breaking 1.5160 and rising toward 1.5200.
Selling on Rise is advised with target of 1.49 and 1.48... Good Luck
Is It That Bad in EU?Fundamentals & Sentiment
EUR:
- Market Internals
- Service PMI Beat after a gloomy series of news in EU (CPI, French deficit)
- Quite a bearish rhetoric of ECB
CAD:
- Some bearish comments
- Oil is subdued
Technical & Other
- Seeing euro decline as overdone, expecting shorts unwinding
Setup: S(RTF)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Down
Long-term: Range
Min target: DMA(10)
Stop loss: 0.27%
Position size: ~0.5R
EURCAD: Long Trading Opportunity
EURCAD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURCAD
Entry - 1.4946
Stop - 1.4900
Take - 1.5028
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
EURCAD start rising after downtrendEURCAD is gaining momentum for upside move, divergence formed on one hour time frame which indicates a reversal.
