Reasons 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.
Hello traders, we want to check the EURCAD chart in the 1-hour time frame. The price has simultaneously pulled back to the broken trend line of the ascending channel and also to the resistance level between 1.47500 and 1.47700. Good luck if the price falls to the specified targets Good luck. EURCAD sell Entry : 1.47700 Stop : 1.48460 , Target1 : 1.46930 ,...
Hello everyone! Hope you all had a great weekend and Ramadan Kareem all. FX:EURCAD is following structure to my liking, seeing a great opportunity for selling this all the way down. Risking 1% for 13%, I always take amount invested as partial and let rest run. Traders, if you liked this idea or if you have your own opinion about it, write in the comments....
Hello 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.
Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: We are here in bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from bullish order block + institutional big figure 1.46000, as well 0.786 level of FIBO which is discount zone. Fundamental...
Quick update on this idea posted a couple of days ago as expected we got the move up to create the new high into the Weekly SELL/DEMAND inside the Monthly area above 1.48 and into the 1.49. As wrote in the last post that I would be looking for a 12hour or Daily signal on my TRFX king to enter the market which has just given the signal so in we go :) I will...
I am going short on EurCad as it has form an double top pattern. My setup will be invalid if it breaks above the resistance and continues to buy
This pair has just popped a new HIGH on the Monthly charts and took out a previous MONTHLY SUPPLY SELL zone and looks like it has it's sights set on the 1.50 price level which sits nicely inside a MONTHLY SUPPLY/SELL zone which starts around 1.48 which is marked in red on the chart. Inside the Monthly level sits a nice WEEKLY SUPPLY/SELL also which is around the...
I am looking to short EurCad as it is at a strong resistance/support zone and it did a fake break out on the trendline. My setup will be invalid if it passes the orange resistance and closes above it, that is when I will know that we are still continuing with buys
EURCAD ( Euro / Canadian Dollar ) Description : Consolidation Break of Structure Bullish Channel acting as an Corrective Pattern in Long and Short Time Frame Divergence Completed " 1234 " Impulsive Wave making its Last Impulsive Wave " 5 " Rejecting from S / R Level
We have an ascending channel on the 4H timeframe showing that price has been decelerating as it approached the daily resistance level. We also have bearish RSI divergence. I expect to see a small 40 pip move to the downside.
Hello traders! ‼️ This is my perspective on EURCAD . After change of character here I am looking for shorts. We can see a rejection from bearish order block, so I expect bearish price action continuation ‼️Attention!!! Due to the fact that we have news events on CAD next Wednesday and Friday, the analysis can be invalidated. Like, comment and subscribe to be...
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.
As a dyed-in-the-wool USD bull,(as of late) I've been fighting the urge to load up on the Loonie. - But I'm weak, so I fold. I also can't overlook the mounting evidence. All the planets are on their way for a (almost) perfect alignment for the Loonie; - It's been way oversold since the second half of 2022 (because of the rate hike pause by the BoC); - It is nearly...
Price broke through the 200ema and showed strong rejection at resistance zone, also there is a price imbalance around the the 1.428 area. Bias is sell SL 1.4463 or according to your equity TP1 1.4350 TP2 1.4300 TP3 1.4275
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.
Due to the previous fall in EURCAD chart and the way it's coming up, We could see that the buyers don't have much power. also there is a time divergence plus a hidden divergence in MACD, We could expect another fall in its chart. . . what is your idea about this chart?
Hello traders! ‼️ This is my perspective on EURCAD . Here we are in a bearish market structure from H4 timeframe perspective, so I am looking for shorts. We are near the point of interest, I wait price to fulfill the imbalance and to reject from bearish order block to open a short position. ‼️Attention!!! Due to the fact that we have news on CAD upcoming week,...