Price has broken the Channel and right now is around the support level. On the break of support and retest go short with good risk reward.
This zone is perfect to scale in your sell entries on EURCAD. We can expect strong collapses once price captures enough orders. What do you think of this analysis?
EURO - Weak Bearish 1️⃣ Both Sentix and ZEW investor confidence are seen declining due to the rapid spread of the COVID-19 variant Delta in the region. CAD - Strong Bullish 1️⃣ A risk-on market environment can support the strength of CAD. 2️⃣ Canada’s inflation rate rose to 3.7% in July, from 3.1% in the previous month. 3️⃣ The unemployment rate in Canada also...
We consider selling this EURCAD pair because of a strong resistance above. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
please use your money management, don't just jump into the market. FX:EURCAD
Looking to short EURCAD as I see further pressure on the EUR with rising cases of the Delta Variant and economic issues surrounding the outbreak.
Possible bearish movement within the next period to 1.50300. SMI 15 m + 30 m + 1 hour Stochastic momentum oversold.
EUR/CAD Signal Market Sell: 1.50940 Stop-Loss: 1.51600 Target 1: 1.50000 Target 2: 1.48720 Stop-Loss: 66 pips Risk: 0,5% Risk-Reward: 3,35
As you may see in my previous analysis on this pair the pair retraced to 38.2 fibo ret. You can see the previous analysis here ( ) The nature of the wave tells us that the move was a corrective one, and now we can see that the market is in hands of bears so we can tell that wave 5 is in progress. For wave 5 we can expect 61.8 ext of wave one to three and based on...
Confluences on the pic. H&S, retest, fib level, nice strong liquid break and slow re-test to the zone. Look out for a potential setup after rejections on the key level
What we see on EURCAD is quite clear and nice, price bouncing between two trendlines, And for now we are in really strong area which you can see as gray rectangle ❗️ 1st lets wait for price to close above our support then set this order ❗️ 2nd: set our 1:5 order and fly with the price ⚠️Take Max 1% of your capital on this trade⚠️ Lets see...
Use Money Management be happy to get advices to my analysis have nice journey on TRADING ...
EURCAD continues to rise up in an uptrend channel range The pair has recently formed a minor support and resistance making it to form a range.
This is the EURCAD on the the 4 hour time frame, lol and to be honest im lazy to tell you what i think hahaha so LETS JUST WATCH AND SEE HOW THE PRICE MOVES #EURCAD
OKAY so this is the daily time frame of the EURCAD which i found interesting price action that got me asking myself one question ,IS THE PAIR GOING UP OR IS IT GOING DOWN? Lets watch and see !!
we consider to sell EURCAD pair because the price has reached a strong resistance level above. Our entry and exits are as indicated on the chart. We know what we are doing and we do what the market is doing. Invest wisely.