If directly going there.I think going more up and it can be uptrend more
This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry. This is my opinion, not for any signal service. Good luck.
post trade analysis video: also analyzed/updated 2 other pairs, however, ECAD trade idea presented an opportunity first so i only took 1/3 setup's. went for a 1:3 RR, aiming for the 15 min demand trade hit TP ✅
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice.
I think eurcad reversa trend is going to start soon just waiting for sell conformation
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.
There is a clear trendline on the 4hr chart and a clear LH and HH, so I believe we could find a 50pip worth of bearish movement to the downside, if the market breaks the trendline the bearish momentum will continue.
A bearish pattern is observed at EURCAD. Take Profit at 1.47127
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frame. D1 is also entering Overbought Conditions. - Price action is at last month's Resistance Trendline - Price action is in a Consolidation zone - Targeting the 38.2% Fibo retracement Fundamental Confluences for Trade: - ECB plans to cut interest rate next month...
Price is on a major resistance as you can see on the chart, RSI is also overbought. Stop loss and Take profits are on the chart. This will be affected by major economic news. Stay updated.
Hello,Traders! EUR-CAD has reached a Horizontal resistance level Of 1.4779 and the pair is Locally overbought so I will be expecting a Local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
As price hit resistence area expect to fall pls like for support thank you
Looking at this long here over next few days, got a BoS with liquidity to take out above, gl!
✅EUR_CAD is going up now But a strong resistance level is ahead at 1.4780 Thus I am expecting a pullback And a move down towards the target at 1.4748 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
analysis of 3 pairs today i will update the thread with entry parameters once $ plays out with my analysis a little more will most likely only send one trade idea for simplicity but i will update the thread with the results of my analysis for these 2 pairs just be on the lookout for any changes.
EURCAD Showing Butter Fly Patterns Bearish in Dailly Time Frame Looking for Short for TP1 and TP2 respectively
EUR/CAD has been carving out a sideways channel since Friday and the bottom of this channel coincides with the 200 EMA on 15M time frame which is also the 50EMA on H1. A break out of this channel and a break of the supporting EMA's would suggest we are headed lower. If we look at the H4 time frame we can see where the 200 EMA has supported the price and this looks...