In the EUR/CAD pair, a bearish trend appears evident in the daily timeframe following a symmetrical triangle breakout. The completion of a 61% retracement, coupled with the formation of Elliott's 4th wave, suggests downward momentum. As price action progresses, anticipation of the completion of Elliott's 5th wave reinforces the bearish sentiment, potentially...
H4 - Bullish trend pattern followed by a pullback. Most recent downtrend line breakout. Higher highs. Expecting short term bullish moves to happen here. H1 - Bullish trend pattern. Currently it looks like a pullback is happening. Until the strong support zone holds I expect the price to move higher further after pullbacks.
Eurcad is incoming to the break out level (expectecd to be SBR zone) and trendline on H4. Expect will drop from the level. Risky entry with limit order, safer entry waiting for valid rejection. Swing sell set up, target not less than 100 pips.
H1 - Bullish trend pattern. Until the strong support zone holds I expect the price to move higher further after pullbacks.
Here is my analysis for EURCAD on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
H4 - Bearish trend pattern. Currently it looks like a correction is happening. No opposite signs. Until the strong resistance zone holds my short term view remains bearish here.
Here is my view for EURCAD on H4. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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
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...
EURCAD uptrend and enter the supply zone, we can enter sell, target the demand zone, if there is rejection in the demand area, we can re-enter buy to follow the trend.
Hello traders! ⁉️This is my analysis on EURCAD . Here we are in a bearish market structure, so I am looking only for shorts. I expect price to continue the retracement and then to reject from bearish orderblock + institutional mid figure 1.36000. My target is imbalance from 1.32640. Upcoming week on Friday we have news about Unemployment Rate on CAD, that is...
EURCAD is very strong Downtrend As My indicator panels also shows very Strong downtrend. Daliy TimeFrame bearish engulfing. H4 Timeframe Bearish Engulfing And HNS H1 timeframe break of Up Trend and HNS SO on monday we will go short on eurcad
Looking for a Short trade on EURCAD. Price looks bearish and waiting for the mitigation of the Supply Zone
EURCAD went down as we predicted in the previous post. Price action made lower lows and it's retracing back to the resistance level. Also, price formed price angulation. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
EURCAD BUY to the Mention zone tp upper Resistance Level. Retracement Done. Breakout done and Retrace the level.
EURCAD tested a major support level and pulled back to the resistance area. Since bears are still intact, we look for a selling opportunity. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
EURCAD recently tested support levels. It's pulling back to previous resistance zone. We anticipate simple trend continuation trade. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
EURCAD is forming an ascending channel. Notice how price is making sharp upward moves and very shallow pullbacks. The best level to buy would be at psychological level 1.35000. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!