5/30/24 - EURCAD Sell (cont.)selling ECAD
continued analysis from previous post.
looking to take profits at either LOD for 1:2 or 1:4
CADEUR trade ideas
EURCAD SHORTHello traders,
The EUR/CAD setup looks promising. I have marked the important key level and my potential short position idea. I will provide an update if the market changes.
Wishing you blue digits on your trading platform!
EURCADEURCAD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 38% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
SELL IDEA EUR/CADWe can expect to have a reaction in the direction of selling from the specified resistance zone
EURCAD is on the Edge of Consolidation1. EURCAD trading above the trendline.
2. Once its swept the support zone we may take a short entry depends on the upcoming fundamental news.
3. If 1.47300 support level broken with 200 EMA crossed then its the confirmation for short.
4. I'll update further details on coming days.
please follow and support.
EURCAD: Three days cycleHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance ✅ Three days cycle
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump ✅
Dump&Pump
Frontside
Backside ✅
4. THESIS:
Long: N/A
Short: Possibility to see this market going to stop the previous LOW, long traders are still in profit and most of their SL are mostly below that level.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
EURCAD LONGPrice Action Day Trading
Daily Bias: Bullish
POI: H4 support level that have been rejected multiple times. Price retraced back and confluence with trendline. Price formed a double bottom at POI and created a higher high to confirm a trend reverse towards upside
Setup: H1 broken resistance (neckline for double bottom pattern) with SL below Double bottom swing high. Targeting next daily swing high R:R 1:5
EurcadEurcad is ready to start selling now. Eurcad was slowly gaining momentum so that it can continue with its bullish momentum.
EURCAD - BUY
Another chance to try and get some money back
Should have set Stops too 1-1 on last post
Suggest give trades as much room to breath as possible
Stike rate is what needs to be high
Every time a Coconut I get Stopped out trying to be Clever OMG!
Wycoff Pattern by the way one of the most reliable I have come across in conjunction with Strength Fundamentals and Trend No1 .
If anyone knows of a Good Wycoff Indicator
Tradingview or MT4/5
Please could u let me know : )
EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
Previous week’s green candle means that for us the EUR/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.469.
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Chill technical play (May 16)Fundamentals & Sentiment
EUR:
- Undervalued against other high-beta currencies, as far as market internals are concerned
CAD:
- Expected bad data from the US (MoM CPI and Retail Sales) to impact CAD
Technical & Other
Setup: S(B)
Setup timeframe: D
Trigger: 4h
Medium-term: Uptrend
Long-term: Sideways
Min target: November highs
Risk: 0.42%
Entry: Market
Falling towards 38.2% Fibonacci support?EUR/CAD is falling towards a support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 1.47802
Why we like it:
There is an overlap support level which lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.47368
Why we like it:
There is a pullback support level which is slightly below the 50% Fibonacci retracement.
Take profit: 1.48804
Why we like it:
There is a pullback resistance level.
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EURCAD Buy IdeaOANDA:EURCAD has been forming series of Higher Higher and Higher Lows. Currently, It is trading in golden zone of fibonacci 50% where we also have trendline retest. These confluences suggest we can look for buying opportunities in EURCAD
EURCAD - BUY
Wycoff to the Up Side imho
Also one to the Down but i think
Euro is Trending Up
Indices should be going opposite directions
Euro Economy is Stronger than CAD
EUR/CAD Day Trading Analysis 📋On EUR/CAD, it's nice to see a strong sell-off from the price of 1.48640. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
The downtrend combined with the strong volume area along with strong rejection of higher prices are my main reasons for this short trade.
Happy trading,
Dale
EURCAD: Head and shoulders pattern indicating further move upEURCAD: Head and shoulders pattern indicating further move up
Price completed and confirmed an Inverse Head & Shoulders pattern.
This pattern usually indicates a change in trend direction.
The price broke out of the neckline of the pattern thus indicating the possibility for further growth.
However, in order for this pattern to be strong, the price should develop and hold above its neckline, otherwise, it may result in a failed breakout.
I am expecting the price to reach 1.5000 in the coming days.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
EURCAD Short-term buy signal.The EURCAD pair has been trading within a Channel Down for the past 15 months and right now is on a Bullish Leg towards its top. The 1D RSI is approaching the overbought barrier of 70.00 and we believe it will give a sell signal after it breaks above, just like November 21 2023 and July 14 2023.
Until then, we will stay bullish, targeting the top of the 15-month Channel Down at 1.49750.
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EURCAD Is Very Bullish! Buy!
Please, check our technical outlook for EURCAD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.482.
The above observations make me that the market will inevitably achieve 1.485 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
EURCAD - BUYSI see potential buys on eurcad, if price buys back above 1.48328 then i can look for an entry during session for the volume to petentially hit my tp at 1.48789
✅EUR_CAD BULLISH BIAS|LONG🚀
✅EUR_CAD is going down
And the pair will soon retest
The rising support of the
Rising channel so after
The retest we will be
Expecting a move up
LONG🚀
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