Trade idea - EURCAD Long1H
Corrective approach towards entry zone.
-68 Fibonacci completion aligning with entry zone.
= Instant market execution Buy.
0.5% risk.
EURCAD trade ideas
Selling eurcad Last Friday fake breakout due to news data
Now h4 candel forming downside the trend
Trend broekn confirmed overall selling pressure
EURCAD showing bearishnessEURCAD on daily chart is showing weakness rsi showing bearish divergence, short sell is recommended with stop loss at previous high
EURCADM
Retest on the highs
W
Retest on the highs
flet walls
(-) new liq
D
BM and H&S
Impuls & correction
4H
Inv H&S
EURCAD IDEA 26 aug 2024Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!
EUR/CAD SHORT FROM RESISTANCE
Hello, Friends!
Bearish trend on EUR/CAD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.487.
✅LIKE AND COMMENT MY IDEAS✅
EUR_CAD BULLISH BIAS|LONG|
✅EUR_CAD is trading in
An uptrend along the rising
Support and we are already
Seeing a bullish rebound
So we will be expecting a
Further move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
EURCAD 4hr Long 4hr Long
EURCAD has been breaking into new highs on our Weekly, Daily and now our 4hr entry time frame. and surfing above our 50/200 EMAs. Price has now had a pullback followed by a valid engulfing pattern. That makes this a good example of the 50ema Valid Engulfing Strategy.
🎯 Entry - 1.51476
💰 Take Profit - 1.52906
❌ Stop Loss - 1.50999
EURCAD - Bullish ReversalThe pair has made a bullish RSI divergence. We are selling it on the break of higher low retracement. The trade plan is set, let's hope for the profit!
EUR-CAD Local Growth Ahead! Buy!
Hello,Traders!
EUR-CAD is trading along
The rising support and now
We are seeing a retest and
The beginnings of a rebound
So we are locally bullish
Biased and we will be
Expecting a further
Local move up
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
EURCAD SHORT While the pair reversing off the .786 FIB, Canada retail sales this morning also came in strong. I took a short in the pair with short term target at green line.
EURCAD - 4hrs ( Sell Trade Target range 200 PIP ) Pair Name : EUR/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
Bearish Break
1.51000 Area
Reasons
- Major Turn level
- Visible Range HVN
- Trend Break
- Day / week low
- Fixed Range Value
Bullish Reversal
1.48900 Area
Reasons
- Major Turn level / D
- Choch Zone
- Pattern Target
- Fixed Range Value
- Visible Range HVn
EURCAD Broke a Key Up Trend Support lineEURCAD has established a divergence and formed a double top at the resistance zone. Recently, the price broke through a long-standing supporting trendline, and the close below this trendline signals a bearish outlook. The price also bounced off the resistance area, triggering a bearish impulse move. I expect the market to continue moving downward toward the support level, retracing from the resistance to test the channel boundary. The target is the support level at 1.50650
EURCAD Will Go Lower From Resistance! Sell!
Please, check our technical outlook for EURCAD.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.511.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.506 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
Lingrid | EURCAD broke KEY Trendline SUPPORTFX:EURCAD has established a divergence and formed a double top at the resistance zone. It recently broke through a trendline that had been supporting the price for an extended period. This break and subsequent close below the trendline signal a bearish outlook. Additionally, the price bounced off the resistance area, leading to a bearish impulse leg. I anticipate the market will move downward towards the support level, retracing from resistance to test the channel boundary. My goal is to support level at 1.50650
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Trade idea - EURCAD Long4H
Corrective approach towards entry zone.
= Instant market execution Buy.
Natural M pattern also there as extra evidence.
1% risk.
EUR_CAD LONG FROM RISING SUPPORT|
✅EUR_CAD is trading along the rising support
And as the pair will soon retest it
I am expecting the price to go up
To retest the supply levels above at 1.5138
LONG🚀
✅Like and subscribe to never miss a new idea!✅
EURCAD1.EURCAD is in a major Uptrend.
2.The price is forming Higher Highs and Higher Lows.
3.The moment the price reaches either a Support of Resistance Trendline, It buys or shows.
4.In this case, the price has to buy since it reacted from the support trendline.
5.We buy EURCAD
EURCADConsider this short opportunity on EUR/CAD, where the chart shows potential for downside movement. The setup aligns with a broader trend, signaling a likely continuation of bearish momentum. Entry, Take Profit, and Stop Loss levels are determined and visible on the chart, allowing for precise risk management. Keep an eye on price action to confirm bearish signals as the trade progresses.
Bearsih reversal?EUR/CAD is rising towards the pivot which has been identified as a pullback resistance and could reverse to the overlap support level.
Pivot: 1.52076
1st Support: 1.51182
1st Resistance: 1.53004
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
