Last a few days, What did you see in chart pattern? #2021-12-07 GMT+7:00 #EURCAD #Follow
You can BUY entry when price will be throwback in killing zone.
#Strategy
Type: Technical Analysis
Trader: Day Trader
TF: D1
Entry: Any timeframe below TFD1
S/L: Exit trade/Cut loss/Price pullback at entry point when strategy confirm.
Plan: Follow this...
The price action of the EURCAD is currently attempting a breakdown below the 61.8 per cent Fibonacci retracement level at 1.43148. If it manages to break it decisively, the next target would likely be the previous swing low at 1.41700.
The strong bearish bias is confirmed by the recent break of the 200-day MA (in orange) and the 300-day MA (in purple), as well as...
Our analysis is based on multi-timeframe top-down analysis & fundamental analysis
Based on our view the price will rise to the monthly level
DISCLAIMER: This analysis can change anytime without notice and it's only for the purpose of assisting traders to make independent investments decisions. Please this is a PREDICTION and I have no reason to acts on it and...
Technically we can see the bounce back from 1.42560, we had spike bullish candle follow of that beside we break a strong resistance on 1.44690 and now I am expecting a pullback from here and in accordance with incoming volume we can expecting continuing uptrend.
Don't forget the money management.
comments your ideas below thank you(:
Since the beginning of October-21, the price was trading below 1.4440 of the resistance area.
The chart shows that it has been tested several times over the last two months but without clear results.
At the close of November-21, the price jumped over this area which has now returned to support and we can see a very good price development.
We should remember...
After a remarkable employment value on CAD last week, Technically we see price forming a double top on M15 tf
Fundamentally n Technically i am ready to drink with the bears and go short
either way
we move
Welcome to Volume Profile World And Liquidity Analysis.
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Pair Name : EUR/CAD
Time Frame : 4hrs / Daily / Weekly
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
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➕ Key Technical / long Side's
Type : Mid Term Swing
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✔️( Reasons )
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Bullish Break
1.45800 Area
Reasons
- Major Turn level
-...
The price is recovering and is in the middle of the range between the price of 1.459 and 1.446, I am waiting for a false breakdown of the resistance and the price rollback to the support of the price channel.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
EURCAD has approached a very interesting level where we could see a massive bounce off.
We have the parallel channel which has been respected well and we're currently in a relatively smaller ABC wedge, which is often a reversal pattern.
Trade Idea:
- Watch for a bounce off the parallel channel support for a risk entry
- For a safe entry, enter after the red...
Technical - multi year lows + longterm support + RSI divergance
Fundamentally - Lagarde has jawboned euro into depression. Eur is ove sold. Cad is over bought bcas of BOC and oil. Correction is due.
Hello,Friends!
EURCAD is bullish right now
And I think that the market conditions are right
For the pair to move up
Therefore, I think it is sensible to go long!
Like and subscribe and comment my ideas if you enjoy them!
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
After a false break under 1.43 support, EurCad reversed strongly on Friday, putting in an immense bullish engulfing on our chart, which engulfs almost 2 months of trading.
1.4450 provides support now and dips towards that zone should be bought.
Bulls target can be 1.5 zone resistance and only EurCad under 1.43 would negate this scenario
✅EUR_CAD is set to retest a strong resistance level above
And after the pair hits this resistance
I would be expecting a bearish reaction
And a move down to retest a support
SHORT🔥
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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.
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