EurCad is ShortThe strong impulsive downwards move for me was a sign that sellers are willing to push the market down as it is retracing for a bit before it continues with long directions coz the overall direction is very bullish.
Happy trading
About Euro / Canadian Dollar
The Euro vs. the Canadian Dollar. The Euro is the second most popular reserve currency in the world and is considered to be very stable. The Canadian dollar is the seventh most commonly traded currency in the world and is highly dependent on Canada’s exporting of its natural resources, especially oil.
EURCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to go a little bit lower to fill the imbalance and then to reject from bullish order block + institutional big fig
EUR\CADBefore we delve into price action trading features, have you ever pondered the meaning of price?
Market prices are more than just numbers and trajectories formed by their change.
Those flickering digits on the screen actually carry an enormous weight of information!
According to the renowned economi
EURCADEURCAD looks like a good opportunity for positional shorts on pullbacks.
Inflation is falling rapidly in Europe region and the growth story is quite
bad when compared to other regions, so while major central banks would
cut rates around Q2 2024, i think ECB might cut rates earlier.
Also, CAD looks l
Waiting for a JUICY short on EURCAD...YUMMY!We saw huge bearish momentum for this pair on Thursday and Friday.
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap- then we look for a bearish trend change on 15min and ATTACK!
This is looking like a very yu
Eurcad short position analysisWe have a CHoCH in 1H TF. There are two scenarios: 1- I think there is a chance that price come up to take the liquidity above that consolidation and then go down. 2- If any 5min candle closes below 1.4899 it's a confirmation to go short to TP1.
Lets see what will happen...
Good luck.
AUDCADAudcad is Bullish the market structure has formed a HL and is rejecting the support zone and could form a new HH
EURCAD IdeaPotential for a bearish pullback on the EURCAD pair, which could lead to a price movement towards the support level at 1.37900 in the upcoming period.
Long opportunity on EURCAD for this week??Share your idea in the comment section of this pair and let's debate
Good Week, Michel_FRX
DISCLAIMER:
1. Be aware this is not financial advice so trade carefully and have stop loss for sure
2. Past performance is not indicative of future results.
EURCAD This position is continuously making a strong momentum uptrend and thereby increasing my potential gain to 3%.
Hope this continuous but so far so am happy with the outcome should it hit my SL.
See all ideas
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