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...
Here is my analysis for EURCAD on H4 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!
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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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.
---------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.
Waiting for a retest of 1.44263 or 1.45128 to short EURCAD back to Daily swing lows at 1.42981
If you agree drop a like and if you have any questions leave a comment :)
Market 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...
Hello, 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
Welcome 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...
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.
The ECB is (once again) on the wrong track:
It is stubbornly sticking to its hawkish view and justifying this with the fact that inflation in the euro area will remain stubbornly "sticky" and will probably not reach the target range of 2% until 2025.
The ECB is wrong (once again), as inflation will hover around 3% as early as December 2023 and reach the 2% target...
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.
Waiting for a retest of 1.46278 to short EURCAD back to swing lows at 1.44906
If you agree drop a like and if you have any questions leave a comment :)
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!
EURCAD 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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Share your opinion in the comments and support the idea with like. Thanks for your support!
Welcome 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...
