The long term bullish analysis from news. The price will move up to resistance area and retest later on.
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.47467, which is an overlap resistance. Our take profit will be at 1.4622, a swing-low support level. The stop loss will be placed at 1.4794, which is above the swing high resistance level." High Risk Investment Warning Trading Forex/CFDs on margin carries a...
Considering that after a strong upward trend, the price hit the spot, and this spotting up and down is important for us, and in addition, the price hit a resistance zone from above, and considering all these conditions, these movement modes Which I imagine is the same for this currency pair.
On the daily chart, we are near the equilibrium of the last 4 months, lurking just below the Fair Value Gap from 30/11/23. I think that if the price goes higher, it is likely to come back for this nice liquidity of three equal 4H Lows giving a good short opportunity. Else, if the price goes lower first and takes this level out, it may be viable to buy as...
EURCAD idea long postion analysis 1 hr Pair : EURCAD Position : LONG (BUY ) Entry1 : 1.47350 STOP LOSS @ 1.47150 TP 1 @ 1.47550 TP 2@ 1.47750 TP 3 @ open ( Trailing SL )
Greetings Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have...
EURCAD pulled back following the divergence. It created a pinbar on the D chart, meaning level rejection. Price action is consolidating around the psychological level of 1.47000. We might see a sharp move down if the price breaks and closes below the support. ------------------- Share your opinion in the comments and support the idea with like. Thanks for...
Possible 70 pips sell on EURCAD if price breaks the trendline then we should see a sell to 1.46624 zone .
EURCAD idea long postion anlysis 1 hr Pair : EURCAD Position : LONG (LONG ) Entry1 : 1.47400 STOP LOSS @ 1.47200 TP 1 @ 1.47600 TP 2@ 1.47800 TP 3 @ open ( Trailing SL )
EUR/CAD rapped into main supply and showed rejections with a bearish Engulfing and close of candle below Doji. Upon seeing this I waited for retirement to my sell entry@1.47500 with sl@1.47835 (Risking 33 pips). Tp1: 1.47000 TP2: 1.4675 TP3: 1.4655 TP4:1.4630 * Where has the market moved since I entered my trade? Did 20PIPS...
welcome here is my eurcad long idea its based on bullish market, buying pressure , trend continuation lets see how this setup plays out
FX:EURCAD We had a steady uptrend on the 2-hour time frame until we reached the 1.47800 level creating a double top. From that point price reacted with a hard rejection, pushing price to retest the .382 level on the Fib. Price held at that level created a micro support level rejecting again to retest the highs. Once the 2-hour double top was retested price was...
Market Structure Bullish on HTF Weekly and Daily at same AOI Weekly Rejection at AOI Break of Previous Resistance inside the Weekly Market Structure Daily Rejection at AOI Around Psychological level 1.46500 H4 EMA Retest 70% +3 REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Be Patient ...
expecting price to sell down to 1.45717 and taking out the liquidity below it, the imbalance has been filled and we should see a continuation of the sell market to 1.45717 zone
Eurcad retesting 1hr -30min resistance with a nice rejection candle, expecting price to drop to 1.46975
Welcome back! Let me know your thoughts in the comments! ** EURCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Counter trend Sell with 4hr as my timeframe Decided to sell purely based on technical analysis and Volume. News supporting the move from yesterday and todays EU news during NY.