The EUR/CAD pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below...
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!
✅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!✅
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.
All ideas are strictly my interpretation of price action. I am not a professional trader nor are these ideas professional advice. I will try to update my positions frequently.
📈🚀 EURCAD Market Analysis: Bullish Breakout and Targets Set! 🎯💼 Forex Traders, a significant update on EURCAD: OANDA:EURCAD 📈 Bullish Breakout: EURCAD has successfully broken out of a strong resistance level, indicating a bullish continuation in the current uptrend. The pair has also moved past a consolidation range, further confirming the bullish...
Here is a good opportunity to buy guys: Let's se how it will go and plazy out! I hope I can book you some new profit! Enjoy it!
Starting your analysis and mapping out your support + resistances level from a higher timeframe such as the weekly or daily will give you a much better understanding of where price may be heading. Remember, to be able to determine the future more accurately, we must study our past. History repeats itself as they say. *Always remember to let price action develop...
We looking for buying opportunities as we are still inside the bullish trend we will be looking to form a reversal pattern that will be confirming buys
Hello Traders ! After a Huge Bullish Move, The EURCAD Reached a Strong Resistance Level (1.47460 - 1.47800) and Failed To Break it ! At The Moment, The Higher Low is Broken (Change of Character). So, I Predict a Bearish Move📉 -------------- TARGET: 1.46665🎯
EURCAD triangle formation, the price consolidating between support and resistance zones about 2 months
EUR/CAD: A Short-Term Trading Scenario Price broke out from a small structure indicating an increase in the bullish momentum. 4 hour chart is still dominated by a bullish trend rising the chances for further growth. Be careful as the risk is high considering that the Economic calendar is empty and the market may not move too much. A decrease in the bullish...
I think eurcad reversa trend is going to start soon just waiting for sell conformation
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...
We looking for selling opportunities as we are below the resistance zone resulting in sells
OVERALL GAMEV PLAN * I decided to re-enter in EUR/CAD due to the fact that we reached the highs and a pull back is necessary (I mention re-enter because on MAY 6th I entered in it, but close it at breakeven because I didn't like how the pair moved up) ANALYSIS IN MY FAVOR * The pair reached the highs and now it needs to have a pullback in order to...
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 ✅
Due to the upward trend of this currency in the daily time frame and the price correction in the one-hour time frame, it is expected that the price will reach the range specified by our analysis and trading team and continue its upward trend from there. Good luck, dear ones.