Take a look at our analysis for EURCAD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1.460. Considering the today's price action, probabilities will be high to see a movement to 1.464. P.S Please, note that an oversold/overbought condition can last for a...
A glimpse of the EURCAD in the first half of 2024 Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
Hello friends nice to meet you all hope you have a good day #EURCAD When you look at the big picture, It is moving sideways, drawing a BOX pattern. By looking at the important tail zone in the past wave and calculating the angle of the short-term trend line, a RED short-term trend line was created. With the current decline, There will be a rebound near the...
Hello Traders ! On Thursday 25 April, The EURCAD Price Reached The Resistance Line and Failed To Break it ! The Last Higher Low is Broken (Change of Character). So, I Expect a Bearish Move 📉. ----------- TARGET: 1.45965🎯
✅EUR_CAD is going down now But a rising support level is ahead Thus I am expecting a rebound And a move up towards the target at 1.464 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below...
According to the price condition now it is facing a very strong resistance that forms a celling to it right now and it created a downtrend line with 2 waves and now we are about to create the third wave. If u used ur fib tool u will see that the price is near the 61% and 71% fib level that’s why i chose to put a sell limit order around 1.46750. I also chose 50...
We can attempt to short EURCAD from LH , also 0.5 FIB , trendline resistance , also bearish divergence occur on 1 hour timeframe indicate that it move downward. SL , TP mention in chart.
Possible Setup. Higher TF is bearish based on price action. Market reacting to fib area + 4HR reversal pattern. Let's see if the sellers are in for the downside
OANDA:EURCAD The price of the currency pair is expected to start a downtrend after reaching the resistance level of 1.45867 Consider your risk management before entering a trade. Pay attention to economic news and events that may affect the EUR and CAD exchange rates
What I'm expecting to see, is price to go down from here targeting the equal low below the price for sell side liquidity, as price has reached an area of resistance, Bearish orderblock
This is my Setup for Eurcad. In a bearish market conditions, we have to look for Sell Orders. Look for the LTF confirmation before entry. Thank You.
CAD is strong Oil going up Crossing paths of currency strength graph A return to previous levels One should take partial profits and BE 75% into the trade ready to close out on pull back to lock in profit. Lets See : )
Based on price behavior and my algorithms, currently we are bouncing off of an order pool and should begin a downward trajectory to the designated profit target.
Once again same pattern of pulse->pullback-> Break Fib(0) and retest Fib(0)
Gold playing out nice and EURCAD still dancing lets see how it will playout during New York
EUR/CAD is rising towards a resistance zone that is bounded by the descending trendline and Fibonacci retracement levels. It could potentially reverse off this zone to drop lower. Sell entry is between 1.4650 and 1.4655 which is a resistance zone that is bounded by the descending trendline and Fibonacci retracements at 38.2% and 50.0% levels. Stop loss is at...
Looking at this long here over next few days, got a BoS with liquidity to take out above, gl!