EURCAD: Hourly: ShortIt was in uptrend
Trend line Broken and Higher low broken
Divergence Present and Bearish Engulfing candle
EP:1.47246
SL:1.47630
TP:1.46802
CADEUR trade ideas
EURCAD BUYThe market is currently testing the current structure which is forming a divergence on the DAILY TF. Based on price action, the market is forming a reversal chart pattern on the 4HR TF.
We could see BUYERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
EUR_CAD RESISTANCE AHEAD|SHORT|
✅EUR_CAD is going up now
But a strong resistance level is ahead at 1.4780
Thus I am expecting a pullback
And a move down towards the target at 1.4733
SHORT🔥
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EURCADWhen using Ichimoku Cloud, the Selling crowd has started forming. the lagging has just gone under the crowd, confirming a sell at the current market price. hoping to sell till 1.45500
EURCAD: Expecting Bearish Continuation! Here is Why:
The price of EURCAD will most likely collapse soon enough, due to the supply beginning to exceed demand which we can see by looking at the chart of the pair.
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EUR/CADAfter hitting 1.4600, the price has pressured this area several times to break this support, but buyers have entered the market and the selling pressure has been released a little, and the descending channel has also been broken, and now if the price returns to the area 1.4683 and price correction, we can look for a long trade .
EURCAD bearish play
Despite the recent bullish momentum on EURCAD, it doesn't yet look convincing for bullish accumulation. Our Elliott Wave count suggests we may see another leg down before any significant accumulation occurs.
Stay tuned!
EUR/CAD SHORT EUR/CAD SHORT " break of structure + 72%fib retracement + 200 ema dynamic resistance + supply zone "
EURCAD is BullishPrice was in a strong downtrend, but now the bears have woken up and seems like that they have won back the control of the price action. First higher high is printed which according to Dow theory is the first sign of bullish reversal. If this higher high is broken we can expect a bullish rally. Targets are mentioned on the chart.
EURCAD EURCAD is showing Bullish divergence at AB=CD PRZ place a buy as it will break its Last LH WITH Trendline
EURCAD Next Move PossibleMarket is on its extreme POI and a sharp move can be predicted to the downside but it will be more confirmed after the structure shift in lower time frame so proper signal will be shared in our #PREMIUM
EURCAD Next Move PossibleMarket is on its extreme POI and a sharp move can be predicted to the downside but it will be more confirmed after the structure shift in lower time frame so proper signal will be shared in our #PREMIUM
EURCAD short - scalpEURCAD short. Price might just fall here. We already created a resistance on H4 that is retesting, if it break price might go to our entry. Otherwise price looks like a short
EURCAD LEGIT SETUPShort sell, short buy, big sell
SELL LIMIT AT 1.47087-1.47147
BUY LIMIT AT 1.46536-1.46305
SELL LIMIT AT 1.47318-1.47546
Let's dive deep EURCADHello Hello!!! Hope you're doing good let's dive deep into it
This is a wonderful breakout trade as you can clearly see our trendline and the horizontal level
This is one of the things that I like about this trade it might not seem like much but this is something I learned about and want to test (: It is a range near an important level which most of the time we will break with huge candles.
EURCAD SELLFX:EURCAD OANDA:EURCAD FOREXCOM:EURCAD
We are now sell the erucad ,because of the pattern is break out. This pair will short term go down , than we find an oppotunity to shoot up
EURCAD Next Move PossibleThis is just fresh outlook of #EURCAD,all possibilities are explained on the chart,here are different entries possible,proper signal will be shared in our #PREMIUM
EUR/CAD BUYFrom a technical analysis perspective, the 1.48 resistance level is critical, and the euro is currently testing this level. If it manages to break through, the next target could be the 1.49 level (Traders Union). However, if the pair fails to hold above this level, it may fall back into the 1.46-1.45 range (DailyForex).
Fundamentally, the market is influenced by economic news from Europe and Canada, as well as oil price movements. Potential rate cuts by the European Central Bank (ECB) and fluctuations in oil prices are significant factors. For example, a drop in oil prices can weaken the Canadian dollar, given Canada's role as a major oil exporter (FX Empire) (Traders Union).
Overall, the EUR/CAD currency pair might remain in a consolidation phase in the short term, with traders closely monitoring key technical levels and fundamental news to determine the next moves. Market sentiment is mixed, and volatility is expected to continue in the near future.
EURCAUD Strong Trading Plans (Longs)EURCAD has vastly fallen over the recent period as CAD Sentiment settles, Euro weakness shows through.
The overall trending Market is reflective of the speed at which both CB's are taking a dovish monetary policy stance.
1. Tech bias comes with several key factors - Key Price Action levels, trending channel, low stoch Osc.
2. Sentiment case supports long term trend as it was.
EUR/CAD Breaks Ascending Channel: Bearish Shift AheadThe EUR/CAD pair has just broken below its ascending channel, signaling a potential shift from bullish to bearish conditions. This analysis delves into the ramifications of this critical trendline breach, pinpointing the key support level at 1.4460.
EURCAD: A safe 400+ pips selling opportunity! Use Accurate RR! Dear Traders,
Eurcad, long term view remain bearish price rejected at the daily order block also where the premium price zone was located. We can see strong bearish move coming once price reach and reject at our area of entry. Please use accurate risk management.
Team Setupsfx_
EURCAD Possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHILO
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
