EURCAD LONG TERM SELLING TRADEAug 21
Hello Traders
In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET
today EURCAD analysis 👆
🟢This Chart includes_ (EURCAD market update)
🟢What is The Next Opportunity on EURCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Eurcadanalysis
Long Opportunity For EURCADMarket Structure is KING!
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Here is my analysis for EURCAD for the upcoming week. CAD News on Tuesday during the NY session. I'm looking to buy for a short-term pullback.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND? Market structure will give you direction.
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.
DeGRAM | EURCAD fibo clusterEURCAD is making lower highs and equal lows and pulling back to the resistance level.
Price action is making relatively equal bearish moves and pullbacks.
We anticipate a simple breakout pullback and continuation trade from the resistance and fibo cluster that perfectly lines up with the resistance level.
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EURCAD Trade IdeaThe EURCAD has currently reached a pivotal support level following a significant downtrend. It is evident that the price has become over-extended, signaling a potential retracement in the near future. Our trading strategy entails establishing a short position should the price retrace into our predefined selling zone. I adhere to a prudent approach when determining position sizes, typically allotting approximately 0.2% of my account balance to each trade, with a maximum exposure of 2% at any given time. It is essential to emphasize that this information should not be construed as financial advice, as trading carries inherent risks. Emphasizing the implementation of robust risk management techniques is of paramount importance.
Bearish Outlook: EurCad's Potential 500 Pip Drop AheadSince the beginning of 2023, EurCad's price has been trading above 1.4250, a level that became a very important line in the sand, with a test in January, February, and back in June,
Recently, the price came back to this level and after only one day of consolidation, yesterday broke under.
This is a very important break for the pair and opens the door for further losses.
As we can see from the chart, yet another important break happened at the beginning of the month- The ascending trend line support- and also the price action from the past 12 months resembles an H&S.
All in all, I expect a drop of around 500 pips in the coming months and a positional trader could take advantage of such a trade.
EURCAD ↗️ ↘️ Analysis (double Bottom ) Hello Everyone 🙋🏽♂️
As we could see at the end of the descending channel,
we had Double bottom and the most recommended movement after the This move is a ascending trend, so we had two scenarios her as we could se on the chart,
1️⃣ first one is the ascending trend which is the most common move to this pattern after testing the price 1.43900
2️⃣the second one is the descending move in the rectangle which is it possible movement after the price change the channel movement 1.42700
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP
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Disclaimer:
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It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
DeGRAM | EURCAD price deceleration EURCAD moveing in the descending channel. The maket has reached major support on the daily chart.
Price is decelerating at support, and it shows massive divergence on the 4-hourly chart.
We expect a breakout of the channel and a retest of the resistance.
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#EURCAD trend continuation after a short correction---------SHORT EURCAD AFTER CORRECTION---------
CAD is performing better than EUR at the moment in the longer run so I expect more downside move to 1.43 at least after a short correction. If I see a weak correction I might take a short trade on this.
EURCAD SELLHello, according to my analysis of the eurcad pair. It is in a very negative state. The market has broken the triangle model. He also re-tested but couldn't break that area. Also, there is a strong resistance area in the same place, with two very negative candles forming on the weekly time frame. good luck for everbody
EURCAD I Potential short idea explainedWelcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EUR/CAD +70 Pips , 0 Drawdown , New Entry Added To Who Missed !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EUR/CAD Giving Amazing Bearish P.A , Short Setup To Get 200 PipsThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
DeGRAM | EURCAD sell the pullbackEURCAD pulling back to the confluence level. Price is making lower lows and lower closes.
The market dropped from this resistance before. It made approximately the same pullback as before.
We expect a trend down from the level where the price dropped.
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EURCAD I Trend line break and now bearishWelcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EURCADOn the daily timeframe, the market is making a correction which I believe is completed, there is a break in trendline accompanied with a pullback which seems to be holding, from the current price, I am expecting a drop to the downside. If EURCAD can make a move below the previous low, then there might be a continues fall down to my TP level and even beyond.