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Canadian Dollar/Euro

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CADEUR trade ideas

EURCAD POTENTIAL SUPPORT BREAK?????Pair: EURCAD Timeframe: 30M Analysis: Trend line, volume profile , support and resistance, trend break, consolidation, ascending triangle pattern ————— Key Takeaway: Been a alot of consolidation between 1.47450-1.47200 and we could finally see a break. Need to look for a close below dynamic support and our trend line and then a retest of these levels before entering short. ————— Level needed: need a close bellow 1.47200 ————— Trade: SHORT RISK:REWARD 1:4 SL: 1.47340 TP: 1.46950-1.46640 ————— DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Short
by TheGoldRoom
4
Why I'm selling EURCADHello Trades!!! I've been watching EURCAD for a while after missing the breakout of the head and shoulders I was waiting patiently for a continuation set up As you can see this is a valid head and shoulders followed by a breakout. Not so long after the breakout the market started to create a triangle pattern ( I believe a triangle is a neutral pattern but with the circumstances we are facing this might be a continuation) Another thing that sparked my interest on this trade is this Pivot which is in the right spot considering that I want to short this position( Generally you want to go short when the market is below the pivot) This pivot can be used to put our stop loss As you can see here putting our SL behind the pivot and our TP at the nearest resistance gives us a RRR of 2.5 Which is what I usually aim for Looking at these 2 highs we can see a wonderful divergence showing us that more and more buyers are closing their positions.
Short
by Linkhive001
EURCAD Analysis Across Multiple Time FramesIn the weekly time frame, EURCAD is forming a bullish flag pattern and appears to have been in a distribution phase for some time. On the daily time frame, EURCAD is following a bullish trend line and is currently near the bottom part of this trend line. In the hourly time frame, the trend has been bearish, but it shows divergence, indicating a potential shift to a bullish trend. Based on this analysis, we will take a trade with the following parameters: Entry Point: 1.47542 Stop Loss: 1.46847 Take Profit: 1.48450
Long
by Choughle
2
EURCAD: Your Trading Plan Explained 🇪🇺🇨🇦 EURCAD looks quite exhausted after a strong bearish movement in the morning. The price is currently testing a key daily support. I think that the price may pull back from that. Your confirmation to buy will be a bullish breakout of a neckline of a double bottom pattern on 1H time frame. An hourly candle close above 1.4723 will confirm a violation. A bullish movement will be expected to 1.4745 level then. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1