Eurcadforcast
EURCAD Short Daily ChartReasons for selling:
Trendline breakout
Risings wedge breakout
Key level breakout
Change from bullish to bearish market structure.
The setup was taken after looking at various higher time frames. With this being said, we will only be looking for selling opportunities
inline with the bearish higher time frame trend.
Long Position Opportunity on EURCADfundamentally,
we had today US Retail Sales Data that came out negative for the Dollar
on the technical side,
we had a great pull back on a key level
in the 15min:
-RSI divergence
in the 1h:
-hammer on a demand zone
in the 4h:
-strong trend
in the D :
-great correction on the 50% fib
EURCAD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURCAD Trading Plan - 30/Mar/2023Hello Traders,
Hope you all are doing good!!
I expect EURCAD to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EURCAD- A nice SELLING Opportunity!Dear Traders, EURCAD has developed a nice distribution cycle when we talk about smart money concept. We have identified a potential area where we can see a nice sell off; our approach on EUR long term is bearish and CAD somewhere stronger currency index when we compare these two.
-ENTRY SHOULD BE EXACTLY AT THE OB AREA.
-STOP LOSS NO MORE THAN 50 PIPS
-TP 200-300 PIPS.
Buying $EURCAD hereTrade type AAA
Reasons for taking this trade:
We are longterm bullish hence it would make sense to take buys here.
The liquidity pool at 1.43300 has already been filled.
1HR candlestick has closed bullish and its engulfing (the better)
We have had the 3 touch move already in which our bias is supported by the liquidity pool as explained above.
We are 2 hours past London open hence there is liquidity.
I am targeting to areas for TP.
Trade type glossary
Trade type AAA - Very good
Trade type BBB - Nice
Trade type CCC -🧐
This trade is based on the analysis of my previous idea:
Buying $EURCAD here (second trade entry)Trade type AAA
our previous idea: hit the first TP💦 hence confirmation enabling us to get a second entry for the second trade.
Reasons for taking this trade:
Our first tp was a very sensitive price level hence after hitting that price we have receeived confirmation for continuation by:
1hr candlestick is a bullish engulfing candlestick hence that is good.
We are close to London (2 mins approx) open hence volume will be available.
You see the blue line? price level - 1.44088 Price did not close below that area. That is good
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and 2%
In BBB - 0.5%
IN CCC - 0.25%
EURCAD Next Move Bearish ??Pair : EURCAD ( Euro / Canadian Dollar )
Description :
Rising Wedge in Long Time Frame acting as a Corrective Pattern and Rejecting from the Upper Trend Line
Divergence
Break of Structure
Bearish Channel and Rejection from Upper Trend Line
Completed " wxyx " Corrective Wave
Breakout of S / R Level with Retracement
EURCAD Trading Plan - 15/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect EURCAD to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
EUR/CAD SEEMS BUY CORRECTION THEN LONG SELL ....
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data, quotes, charts and buy/sell signals.
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EURCAD SELL Hello Guys, Happy Sunday trust you are having a Blessed Day, Let’s Focused on EURCAD Sell Movement so Basically I do not have much to say on this analysis but I would probably advise you to save this picture and wait for it to play out before taking a sell because lot of money coming in on EURCAD.
We broke our trend line and price went to a support lvl and what we are Currently waiting on price to reject the support lvl so we can see retest on our fib lvl 0.61 area which is the sell Zone, so let’s wait patiently for trade Confirmation, this would be my last a analysis for the day thanks guys.
#EURCADIn the current situation, according to the negative divergence formed between 3 and the ceiling of the side range, we can expect a decrease to the range of 78.6 Fibo projection of the area of 1.44012, but before that, we have the important resistance area of the pivot point, which must be broken.
In the next stage, with the breaking of the pivot area and touching and breaking of the area of 1.44012, we can expect the next target of 100 projections in the area of 1.43397, and among all of them, we cannot ignore the 50% reduction range of the side area in the area of 1.43845. .
Yemi_Fx1 | Short for EURCADPrevious price pattern (Double bottom) was respected and price rally up to the resistance level @ 1.46405 tested and validate it to form a double top.
I'm waiting for a retracement before the major moves begins.
Share your thoughts in the comments and show your support for the idea by liking it. Thank you for your help.
EURCAD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.