Looking at this trade,I believe best that eurcad may sell to a specific support before looking for buys .
Any pullback is an opportunity to sell. We wait retest resistance until we take the sell position
CAD has been strong for quite some time now, especially after what happened between Russia (who is one of the top oil producers) and Ukraine! Currently, EURCAD is approaching a strong support level, a level that has been respected since 2015! Bouncing from this support level will mean ranging structure still holds and in the long run 1.58 might be a target!
EURCAD has broken the symmetrical traingle and currently trading below it. We are expecting bears will take this down to 1.37800 level, where it can find temporary supports there. Any strength is the good shorting opportunity in it.
In this video I breakdown why EUR/CAD continues to weaken to the downside as Higher Oil prices support the commodity-linked Canadian Dollar. I also breakdown how interest rate differentials favors investors to sell euros to Buy Canadian Government Bonds paying a significant premium over Bunds. Europe's economic outlook continues to turn grim as the war in...
SELL ENTRY for EURCAD Stop Loss : 1.4100 Entry : 1.4070 to 1.4080 TP1: 1.3858 Time Frame: 1Hr Price getting back to MA100 at 1 Hour will signal massive selling. Strong OIL - Strong CAD
Hey traders. in today's trading session we are monitoring EURCAD for a selling opportunity around 1.404 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
EURCAD LONG - Buy Entry - H4 Chart Buy @ Market Symbol: EURCAD Timeframe: H4 Type: BUY Entry Price: Buy @ Market Major Resistance @ 1.40673 Major Resistance @ 1.42670
EURCAD has shown a significance strength in the bears direction meaning that the CAD will gain further in the coming weeks and therefore we look too sell this trade generally but having dropped from an area of supply by the financial institutions we look for a retest back into that zone which has formulated our idea of a buy from the big banks before the sell to...
EURCAD is trading in a bearish parallel channel and has taken a support from the bottom of the channel. Currently its price has reached to first resistance zone, which has now become the support zone. It is testing the support area and we are expecting bulls to take over from here again. To negate this view, the bears must push the price below the support area...
Pull from Daily Demand 1.39000. We are expecting that it will go to the Supply Level 1.43937. Then we can re-sell from the Daily Supply 1.43937 using Confirmation in Low TF, We expect for sell because this Supply Level 1.43937 removes the Demand Level 1.42100. so we can say that the Supply Level 1.43937. is Strong. We can Buy EURCAD in low TF till the Supply Level...
after close analysis i have decided to be bullish on eur/cad for the time being up until news hits tomorrow morning, so please be aware around 9am est on the 10th disclaimer-- information shared is for educational and demo purposes only trading conatins risk, please master and practice proper risk management, that's what's going to help and get us all to that...
In Weekly TF market is still expected to Bearish, We can sell long from Weekly Supply 1.44271 to Weekly Demand Level 1.32512 .The reason of bearish in market is that market break the Demands Level 1.43633 and the Demand level is retested and this Demand level 1.39067 is Weak, so we will use confirmation to buy from this current Demand 1.39067 to Weekly Supply...
Let's take another small risk. Everything is on the chart. TP 1: 1.8066 TP 2: 1.37604 TP 3: 1.37141 TP 4: 1.36679
EUR-CAD is trading in a falling channel And the husband re-tests Channel support level and horizontal support at 1.392 I think it's followed by a bounce from existing areas By the bullish correction is possible So we will be waiting for the reversal signs To be able to enter a long trade BUY
I think It is a very good buy opportunity with a very small risk. TP 1: 1.40229 TP 2: 1.40507 TP 3: 1.40776
EURCAD has been trading in bearish parallel channel with parallel support approaching. The indicators are also reached to base support zone. We are expecting bullish reversal from here. The confirmation will be a good bullish candle on the support zone. Alternatively, breaking below the channel will bring more bears in the party. Trade your levels accordingly.