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 friends nice to meet you all hope you have a good day #EURCAD When you look at the big picture, It is moving sideways, drawing a BOX pattern. By looking at the important tail zone in the past wave and calculating the angle of the short-term trend line, a RED short-term trend line was created. With the current decline, There will be a rebound near the...
Hello Traders ! On Thursday 25 April, The EURCAD Price Reached The Resistance Line and Failed To Break it ! The Last Higher Low is Broken (Change of Character). So, I Expect a Bearish Move 📉. ----------- TARGET: 1.45965🎯
EUR/CAD is rising towards a resistance zone that is bounded by the descending trendline and Fibonacci retracement levels. It could potentially reverse off this zone to drop lower. Sell entry is between 1.4650 and 1.4655 which is a resistance zone that is bounded by the descending trendline and Fibonacci retracements at 38.2% and 50.0% levels. Stop loss is at...
Possible Setup. Higher TF is bearish based on price action. Market reacting to fib area + 4HR reversal pattern. Let's see if the sellers are in for the downside
The price perfectly fulfills my last idea. It hit the target. FX:EURCAD broke through the range zone, and it pulled back to it after testing the support. Price action made impulse moves down from resistance, where a swap zone was formed. The market trend is bearish; therefore, I expect the price to continue to move lower toward support from resistance, which is...
According to the price condition now it is facing a very strong resistance that forms a celling to it right now and it created a downtrend line with 2 waves and now we are about to create the third wave. If u used ur fib tool u will see that the price is near the 61% and 71% fib level that’s why i chose to put a sell limit order around 1.46750. I also chose 50...
Simple and Clean Buy Trade setup.. Expecting upside movement as per plan.. wait for BOS in LTF the Buy
This is my Setup for Eurcad. In a bearish market conditions, we have to look for Sell Orders. Look for the LTF confirmation before entry. Thank You.
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Initiating a short position based on algorithmic trading signals.
Hello,Traders! EUR-CAD went down And will soon retest a Rising support from where We will be expecting A local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
So I've been getting some questions from some of my students and followers regarding what are some low risk pairs to trade this week. The first thing I like to do when deciding on which pair to trade is find the pair that is primarily consolidating on larger timeframes such as the daily. After spotting a consolidating pair, I then want to decide which side I...
EurCad now run to target 1.4650. Hardsupport 1.4500
OANDA:EURCAD is showing potential reversal from current zone. It is currently trading in potential reversal zone of XABCD butterfly pattern along with ascending trendline retest and bullish divergence confluence. These evidences suggest a potential up move in EURCAD from here. We can look for buying setups.
CAD is strong Oil going up Crossing paths of currency strength graph A return to previous levels One should take partial profits and BE 75% into the trade ready to close out on pull back to lock in profit. Lets See : )
EURCAD is following a downward trendline which it has respected severally. It has now retested it again and seems likely to continue downwards to around 1.45870 or beyond.
Depending on how structure stabilizes, we have two different scenarios for buys.