EURCAD We are looking for buying opportunities, for as long we are still inside a bullish trendline we going to expect buys if the market breaks the bullish trendline we will be looking for selling opportunities
CADEUR trade ideas
EUR-CAD Rising Channel! Buy!
Hello,Traders!
EUR-CAD is trading in an
Uptrend in a rising channel
And the pair is about to
Retest the rising support
And after the retest we
Will be expecting a
Further move up
Buy!
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EURCAD - 4hrs ( Buy Trade Target Range 150 PIP ) Pair Name : EUR/CAD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break
1.46900 Area
Reasons
- Major Turn level
- Channel Break
- Day + week High Break
- inner choch
- Fibo GOlden
- Visible Range Lvn
Bearish Reversal
1.49150 Area
Reasons
- Major Turn level
- Pattern Upper Band
- Quarters Area
- Choch Zone
- Fixed range hvn
- Fibo Golden
EURCADWe can attempt to buy EURCAD from specified level as it is trading in bullish rectangle pattern (continuation pattern ) and it gives breakout , also there is no bearish divergence indicate that it moves upward.
EURCADLooking for a sell trade.
There are two possibilities to drop the EC price.
First one, break down the support area and retest.
Second, Push up to the resistance level to make a double top, then drop off.
Use proper risk management.
Thank you
EURCAD - Rising Wedge Reversal Pattern at PRZEURCAD chart in 4h time frame is printing Rising Wedge Reversal Pattern with bearish divergence at PRZ of Bearish Reversal Crab Harmonic Pattern.
Hence I'm taking short entry with Sell Stop Order on the breakdown of Last Higher Low Level with stoploss above at last Higher High level.
EURCAD: Anticipating triangle formation and bullish breakoutHello traders,
Here is my detailed long-term Market analysis of EURCAD. This is intended to educate those who might be new or at their intermediate level in Elliott wave theory.
The EURCAD currency pair is currently exhibiting a sideways trend, which is characterized by relatively stable price movement within a confined range. This type of market behavior often precedes significant price movements once the consolidation phase ends.
Analysis Highlights
1. Sideways Range and Potential Triangle Pattern
Sideways Range : The EURCAD pair has been trading within a horizontal range, indicating a period of consolidation where neither bulls nor bears have a definitive upper hand.
Triangle Pattern Formation : This range is likely forming a triangle pattern. In Elliott Wave Theory, a triangle is a corrective wave pattern typically observed in wave (B) of a zigzag correction or wave 4 in an impulse wave sequence.
Wave (B) of Zigzag : The ongoing formation suggests that the triangle could be wave (B) of a larger zigzag pattern, which generally consists of three waves: A, B, and C. The zigzag pattern typically appears in a corrective phase.
2. Anticipated Impulsive Upward Move
Completion of the Triangle : Once the triangle pattern completes, it is expected to be followed by an impulsive wave (C). This is typically a strong, directional move which would be upward in this case.
Confirmation : For the bullish outlook to be validated, the completion of the triangle pattern in all its constituent waves (labeled A, B, C, D, and E) is crucial.
3. Key Points for a Bullish Outlook
Triangle Completion : Wait for the triangle pattern to fully form, completing all its waves.
Breakout Confirmation : Look for a breakout above the triangle's upper boundary and a key resistance level.
4. Target and invalidation levels
1.62284 Level: The minimum target for the anticipated upward wave.
Invalidation level: When price move below wave C of the triangle.
I hope this helps.
Cheers and happy trading!
Qml fail x order block I see this movement when a qml fail after giving you a full complete setup. Take care
EURCAD: Bearish Continuation
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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EURCADThe EUR/CAD currency pair has recently moved to the upside, driven by a bullish pennant pattern and a breakout above a key resistance level. This breakout suggests strong bullish momentum, indicating potential for further gains. Traders might look for confirmation through volume and additional technical indicators to gauge the sustainability of this upward trend.
EURCAD - AB=CD - Bullish Continuation - 22/05/2024EURCAD has been trading in a repetitive AB=CD pattern.
Currently, the price has broken point B. There is no Bearish divergence, hence the price is likely to move towards point D to complete the AB=CD pattern.
Trade Plan: Long
Entry: 1.48365
SL: 1.47836
TP1: 1.48894
TP2: 1.49424
📈 EUR/CAD Breakout Play on the 4-Hour ChartHey traders, let’s dive into EUR/CAD as we see some intriguing action on the 4-hour timeframe. We’re eyeing a potential breakout, so here’s the scoop:
✅ Breakout Potential: The pair is tightening up, forming what seems to be an ascending triangle pattern, pushing against the yellow resistance line at 1.48185. A decisive breakout above this resistance could set up a nice move. Watch for a solid 4-hour candle close above this level to confirm bullish intent.
🔍 Entry Point: If we get our breakout, the entry would be just above the 1.48185 mark, post-confirmation.
🛑 Stop-Loss: To keep things tight, consider placing a stop-loss just below the most recent swing low at around 1.47717 to minimize risk.
🎯 Take Profit: Initial profit targets might look towards the next significant resistance level marked at 1.48590. If the momentum holds, the upper yellow line could be the next stop.
📉 Market Sentiment: Keep an eye on overall market sentiment and any news affecting the Euro or Canadian Dollar, as these could influence price action significantly.
EURCAD: One More Bullish Confirmation 🇪🇺🇨🇦
I have already shared a very bullish forecast for EURCAD,
after a breakout of a key daily resistance.
Today we see one more intraday bullish confirmation
- a bullish breakout of the resistance line of a symmetrical triangle on a 4H time frame.
I believe that the market will reach at least 1.485 level soon.
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EURCAD can flash upEURCAD showing interest in going up from here. With tighter stop it will most likely be able to ride upward.
EUR/CAD will go For Correction Wavewe have two scenario
First scenario : price will pull-back for correction wave and create higher low at black arrow or between 50:61 fibo level , so u can go short now and take any target or when confirming higher low in H4
second scenario : price will break current resistance area green arrow may be powered by news for CAD that will price to go up and we can go long and take any target
i personally prefer to go with low lot with first scenario and go with high lot with second scenario because second is walking with general up trend but i can take a trade with correction wave
have fun :)
EUR/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are going short on the EUR/CAD with the target of 1.478 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EURCAD 4H BUYTRADE IDEA: EURCAD 4H looking for a long term bias as the market is trading above the bullish flag anticipating for buying opportunities. NOT FORGETTING WE HAVE CAD FUNDAMENTS AT 2:30 PM
EURCAD - BUY
EUR Very Strong
Has had pull back
Has Broken Final Resistence
Very Little Resistence of Orders to the left on a Volume Prolife
Invert chart looks even better.
Trend is Up
Lets See
if I get this right
I'm a Legend : )
✅EUR_CAD BULLISH SETUP|LONG🚀
✅EUR_CAD is trading in
An uptrend and the pair is
Consolidating above the
Key horizontal level of 1.478
Preparing for a bullish move
Up so we will be expecting
A retest of the target level
Above at 1.482
LONG🚀
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EURCAD - Bearish Reversal - 20/05/2024USDCAD has been trading in a strong Bullish Trend. No divergence Divergence has been observed on the 1 hour RSI.
The price action currently seems to be printing new lows - a potential reversal into a strong Bearish Trend.
If the price action breaks out the 1.47493 level, the price could continue in a downward towards the 1.46225 level.
Trade Plan: Short
Entry: 1.47493
SL: 1.48127
TP1: 1.46859
TP2: 1.46225
EURCADI use the opposition of two important areas to sell, of course, after taking liquidity from the market.
EURCAD Under Pressure! SELL!
My dear followers,
This is my opinion on the EURCAD next move:
The asset is approaching an important pivot point 1.4778
Bias - Bearish
Safe Stop Loss - 1.4804
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.4737
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
