My analysis for this pair at the moment is bullish, i expect a bullish move farther than the T.P in the analysis. Kindly do your own diligence before execution.
From the 1.4551 level we could see buyers coming into the market, but not all entered so the market returned to the area acculating its buy orders.
We recently broke structure at 1.46009 level, this confirms that the orders are all filled. We are looking to reach 1.47604 level as target!!
A bearish flag is a technical chart pattern that typically forms after a significant downward price movement in a financial asset, such as a stock or a cryptocurrency. It resembles a flag on a pole, hence the name. The pattern consists of two main components:
1. **Flagpole**: This is the initial sharp decline in price, which forms the pole of the flag. It...
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.
The euro is susceptible to fluctuations in energy prices, while the Canadian dollar stands to gain from them. Any developments concerning the conflicts in the Middle East or Ukraine, as well as increased tensions in these regions, could potentially lead to a bearish sentiment for EUR/CAD. However, I believe that the market's reaction to previous events, such as...
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...
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
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
EURCAD NEW BEARISH IMPULSE. 📚
👉As we can see price is trading inside this falling channel, making clean lower lows and lower highs.
👉Then we are interested in looking for new bearish movements, Meanwhile, from an Edge over...
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?
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...
eurcad long trade setup
* a stop hunt occured
* 1h/ displacement after red news folder
* we have failure swings on the left ( low resistance liquidity run )
* we are on the mean thrushold of a daily ob+
2RR
not a trading advice !!!
