Eurcad Long.The trend is your friend. We have breaks in structure and a nice pull back in to my golden fib zone.... Touches on my trend line as well.... Multiple confluences. Lets see how this plays out.Longby KrysshondaWilliams222
Eurcad Long!Structure, structure, structure..... The trend is your friend... We have a break of a previous structure high, followed by a pullback to my golden fib zone.... I'm looking to go long here my friends!!!!! Anyone else get this analysis?Longby KrysshondaWilliams1
EURCAD BUYFX:EURCAD This pair broke above structure at the top of the week. I believe this pullback will give price enough bullish momentum to retest the highs on the daily time frame. Price could also tip beneath the lows before making this move. Longby TKProphet2
#EURCAD selling possibilityHello, dear traders and friends. Let's take a closer look at the EURCAD chart and examine the potential selling opportunity in this pair together. Firstly, we can clearly observe a bearish trendline in the 1-hour timeframe, connecting lower highs. This trendline suggests the possibility of a bearish bias for this currency. Secondly, when you examine the Daily timeframe for this pair, you'll notice that the price broke above the bearish trendline last week but failed to follow through and has since consolidated around the bearish trendline. This appears to be a false breakout. Furthermore, the price's bullish moves seem to occur in a corrective manner, indicating a lack of clear intention for a bullish move, at least for now. For a more conservative trading approach, you can consider waiting for a bearish breakout of the short-term bullish trendline or simply waiting for a candlestick confirmation to validate a downward movement. It's also worth noting that there's a possibility that the price may test the previous top formed and extract liquidity from there before reversing to the downside. by the way If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.by mohematiUpdated 553
EURCAD free setup 3:1 ratio risk to reward MONTHLY- we could have monthly retracement fibo WEEKLY - bearish : W formation the reason Why i will take this trade DAILY - Clear rejection of the last Fibonnaci level 78.2% 4h time frame - 3 things is going on 1- head and should formation trend changing partern 2- We have a double top mean trend changing patern 3- We have start making LL/LH trend Shortby SamuelForexTraderUpdated 224
Technical analysis of Euro CADWe notice that there is an ascending price channel, as we are looking for a suitable price to buy the euro. We are also looking for a good price to sell CADShortby CrowtR2
EURCAD SHORTHallo,I am considering a short position to consider further moves. I want to share my opinion with you. Thank you for your support!Shortby SANDOVSKI1
Eurcad Trade Update I posted a Eurcad long idea stating that last week we ended in a pullback with a range between 1.4700 and 1.46165. I was personally looking for price to go long now that price was back above 1.46165. I stated we could even expect price to break above to make a new weekly high above 1.47100 and that’s exactly what price did. Targets hit!Longby OfficialJ23444
EC PossibilityMarket direction possibility. of course market as been in sideways for some times now, what if its time to go bearish Shortby FelidayFx554
EURCAD BULLISH PROJECTIONIn my concept; PAC Methodology, I showed exactly how price is being delivered based on the Algorithm. It is believed that the market has some rules that I hold dearly and that would include the way price is being delivered. You can see how price has raided a Relative Equal Low (Sell-side Liquidity) and now we are targeting the possible Buy-side Liquidity on the Weekly Timeframe. If you are so interested in joining the move to the Weekly DOL (Draw on LQD) then you should check for Market Structure on D1/H4 and it will show you how the bullish structure has started after the raid of that Relative EQL low on the Weekly Timeframe. Follow my page for more educational contents. Like, share and make sure to drop a comment. Best regards. Longby poppyjoe_fx2
Eur/CAD buy! TRENDLINE!We are comfortably above the levels with EUR/CAD! And it doesn't seem to want to go down anytime soon! We've managed to catch another bounce up! Let's see if we can finally hit the take profit this time! Go for it!Longby Amigocsek0
EURCAD : Red alert on double top The previous analysis gave 90 points of bullish rally :-). The breakout was brief but satisfying. However, from now on, the future for this pair is likely to be bearish. Prices are in the process of a "double top". And if this were to be confirmed, a reintegration of the previous downtrend would become more than likely. "Be brave... Be a trader !"Shortby ForexGoldenBoy1
EURCADThe impulse wave has completed and now forming wave ABC. Wace c has to be an impulse wave because the wave B has retraced nearly to the start of the wave A. The correction pattern is a (335) Flat wave where 5 is a wave C. The next price target of wave c is at 1.45. Shortby sanv-TPD2
EURCAD Rally most likely coming to an end.The EURCAD pair has been rising since the September 28 bottom on the bullish leg of the 9-month Channel Down, turning both the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line) into Supports. The uptrend hit the Internal Lower Highs trend-line last week, got rejected but was supported on the 1D MA200 and is testing it yet again today. As the 1D RSI is making a Double Top rejection under the 2023 Resistance Zone, we may have the first medium-term sell signal emerging and a 1D MACD Bearish Cross will confirm it. In that case, sell and target the 1D MA50 at 1.4500. Those who wish to take some more risk, can extend selling to 1.4400 (-2.43% decline, in line with past pull-backs). If however the pair closes a 1D candle above Resistance 1, we will take the loss on the sell position and open a buy instead, targeting Resistance 2 at 1.51000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Shortby TradingShot227
EurCad AnalysisAs we see... our HTF Order block Successfully reacted.... and now we are moving to our extreme order which gives higher possibility to enter the trade....Shortby mr_smctrader1
EURCADWith the failure of the support zone, I enter a sell position. Targets have been identifiedShortby FOREXIRUpdated 2
EURCADFX:EURCAD Potential short term sell setting up. I enter too early on my last attempt. let's see if price holds or rejectsby TKProphet0
Bullish PennantLooking for a continuation up CAD price falling this week Bullish PennantLongby ZODOGHOUSE331
EURCAD SELLFX:EURCAD This pair has been consolidating after the pull back to retest the highs. On the 30min it looks like price will reject to head toward the lows. My sl was too close on the last trade, let's see how this one plays out. Shortby TKProphet221
Cad is CapCad is cappin. So, the Cad has been weak ever since their GDP came in lower than expected on Sept 29. They also printed 0% growth in October, so it's not a recession just yet because the trend is the same & not downward. ("The Canadian economy may have entered a technical recession, according to preliminary data from Statistics Canada, but experts say people may not feel the difference just yet – though that could change quickly with interest rates currently elevated. ")Euro plans on pausing their rates , no more hikes. Cad has already done so. With that being said, i'll take some buys on the loonie because that tells me, rates are set for some months to come , it's going to be all about CPI and GDP for the rest of the year, leading into 24. & i believe Canada has the better data. Also the more OPEC+ cuts, oil should rise and at least give the canadian dollar some extra backing! Oil has been losing it's foot. Dropping from 93.7 to sub 80 in the exact same time frame. Continuous OPEC+ cuts and US selling all of it's oil reserves, then there should be a solid ground somewhere within that madnessShortby SlattYSL227
EURCAD SellLooking for sell into this one. As you can clearly see that there is a big seller(denoted by red arrow) and price is slowly reaching towards him. Buyers looking quite tired also, hence looking for a possible sell.Shortby RangeLoverFx0
EURCAD SELLEURCAD SELL The Euro Canadian has completely finished wave B and now we will go into wave CShortby TRADINGATNIGHT221
EURCAD - Three touch of diagonal resistanceEURCAD has made a three touch of the diagonal resistance so the short term downtrend may occur for this pair. The support level of 1.462 - 1.463 is maybe the next target.Shortby selfishman0