Hello,Friends! We are going short on the EUR/CAD with the target of 1.478 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
TRADE IDEA: EURCAD 4H looking for a long term bias as the market is trading above the bullish flag anticipating for buying opportunities. NOT FORGETTING WE HAVE CAD FUNDAMENTS AT 2:30 PM
Looking for a sell trade. There are two possibilities to drop the EC price. First one, break down the support area and retest. Second, Push up to the resistance level to make a double top, then drop off. Use proper risk management. Thank you
USDCAD has been trading in a strong Bullish Trend. No divergence Divergence has been observed on the 1 hour RSI. The price action currently seems to be printing new lows - a potential reversal into a strong Bearish Trend. If the price action breaks out the 1.47493 level, the price could continue in a downward towards the 1.46225 level. Trade Plan: Short Entry:...
My dear followers, This is my opinion on the EURCAD next move: The asset is approaching an important pivot point 1.4778 Bias - Bearish Safe Stop Loss - 1.4804 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.4737 About Used Indicators: For...
www.tradingview.com below 1.4800look for further downside 1.4770 & 1.4750 as targets.
EURCAD we looking for more bullish momentum meaning that we expecting a zone that to be retested
after the liquidity grab during asian session . market grab liquidities at ny session and now goaing into above supply
EUR/CAD still bullish on internal own canal line but in 1.47820 zone has support Needs to retest that zone + clear liq 1.495-490 be patient
Manage SL during news time, intraday trade tp and sl mentioned not a financial advice
1.EURCAD already retested from the trendline Liquidity. 2.EURCAD still on the Resistance zone and hasn't broken yet. once its broken the resistance we may take Long. 3.If EURCAD broken the support zone we may take a short after the retracement.
We are expecting EURCAD to sell this week, A good bearish move to 146.200 price before bullish move... Last week candle end with a reversal candle indicating possible SELL on EURCAD this week... Stop loss should be place above the previous week a little. Good luck traders.
EURCAD chart in 4h time frame is printing Bearish Reversal Butterfly Harmonic Pattern but there is no any divergence observed yet. But price is at Potential Reversal Zone of this Pattern. Hence I'm taking short entry with Sell Stop Order on the breakdown of last Higher Low Level with stoploss above at last Higher High level.
How to Identify an uptrend, downtrend and trendlines with channels
EURCAD - Sell Stop - Bearish trend to follow after bearish reversal patter - Take entry if previous HL is broken
EURCAD has been having some couple of consolidation and higher time frame retracement to fill a -FVG on the daily chart. at the repricing to daily institutional reference point we see price give nice strong signature for the possible sell expansion to most likely take out the draw on liquidity(DOL) at sell side on the daily chart. Enjoy the bearish ride the green...
EURCAD has been having some couple of consolidation and higher time frame retracement to fill a -FVG on the daily chart. at the repricing to daily institutional reference point we see price give nice strong signature for the possible sell expansion to most likely take out the draw on liquidity(DOL) at sell side on the daily chart. Enjoy the bearish ride the green...
lets take this entry just using market stracture we have the market bullish