Daily: - Daily retrace position - Solid candle close - Strong S&D zone (a lot of sellers) - New liquidity has been taken on the daily and we can see a SoM on the 4H Weekly: - S&D zone is with us - Long term we are bullish, so this can be a very quick in and out trade 4H: - Bearish MS (possible) - H&S with BoS (If last 4H candle closes like this) *After...
This is my bullish trend idea. However, wait for clear trend continue moment and wait for trend continue after can entry. This is my opinion, not for any signal service. Good luck.
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 ✅
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...
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice.
I think eurcad reversa trend is going to start soon just waiting for sell conformation
Please, check our technical outlook for EURCAD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.478. The above observations make me that the market will inevitably achieve 1.474 level. P.S We determine oversold/overbought condition with RSI...
We can attempt to short EURCAD from LH , also 0.5 FIB , trendline resistance , also bearish divergence occur on 1 hour timeframe indicate that it move downward. SL , TP mention in chart.
📈🚀 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...
There is a clear trendline on the 4hr chart and a clear LH and HH, so I believe we could find a 50pip worth of bearish movement to the downside, if the market breaks the trendline the bearish momentum will continue.
A bearish pattern is observed at EURCAD. Take Profit at 1.47127
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...
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.
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!
As price hit resistence area expect to fall pls like for support thank you
Looking at this long here over next few days, got a BoS with liquidity to take out above, gl!
✅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!✅