Double Top Formation Strong Supply zone Price needs to grab liquidity down below Let's see
I have a Bearish Stance on the EURCAD... Entry Area: - Retracement to Congestion Area (Purplish Area) - Classic Central Pivot Point. - Retracement to FIBO 50-62% Area - TP#1 - 1:16+ RR (26pip SL and 42+ pip TP) - TP#2 - 1:24+ RR (26pip SL and 65+ pip TP) - TP#3 - 1:3 RR (26pip SL and 80 pip TP) Use at own risk...Am a rookie!
CAD interest rate decision later on today. I believe the market will trade down to 1.45 then bounce.
EURCAD / 1D Hello traders, welcome back to another market breakdown. EURCAD pair has been trading in a bullish trend, the price is showing evidence of trend resumption so far. I'll look to get on for higher prices after getting the LTF confirmation. The price is now stuck in a trading range as showen in the chart. Trade safely, Trader Leo
EURCAD is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the 38% to 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 1.4660. What you guys think of this idea ?
I have split it the chart into two sections with a vertical line. The left section, the bearish move and the right section, the bullish move. To be able to read the chart you need to focus on three things : 1. price location (as far as structure) 2. Volume Wave size and 3. Speed Index Let start from the left: Coming down with down volume waves greater then the...
Eur cad buy now 🔥 1.45480 Tp 1.46100 Tp. 1.46350 St 1.45190, close of the four-hour candle If it closes in four hours, it will be a confirmed sale, God willing. The selling target is 1.44490
Use proper risk manangment. If you need help understanding our setup get in touch with us. happy trading!!
We had a 4 hour reloader area which price broke through and now has hit our daily rl area as well as high impact eur news this morning, we are waiting for this hour candle to close to see if we get our signiture entry method to enter a short trade with our stop above the high and take profit in the lower marked area for around a 1:7 risk reward trade
OANDA:EURCAD The probability of a potential bearish trend for the EURCAD currency pair is rising as the current price has reached the daily trend line. However, based on the historical trend analysis, a slight upward price movement may occur before the bearish trend begins. Therefore, the price is expected to gradually decrease to specific levels as the bearish...
M15, M30, H1 and H4 are overbought There is a previous days high and a long consolidation There are multiple tops on this trade and there is a lot of divergence Pattern on H4 which normally means this trade should fall.
Bearish reversal on the key level of 1.46350 noted
I spotted one more confirmed breakout. EURCAD violated a key daily resistance. On a retest of a broken structure, the price formed an ascending triangle formation with a confirmed neckline violation. I expect a further bullish continuation on the pair at least to 1.458 ❤️Please, support my work with like, thank you!❤️
On the 4-hour chart the trend started on Sept. 29 (linear regression channel). There is a high probability of profit taking. Possible take profit level is 1.4569 But we should not forget about SL = 1.4155 Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, ...
Eurcad is incoming to the break out level (expectecd to be SBR zone) and trendline on H4. Expect will drop from the level. Risky entry with limit order, safer entry waiting for valid rejection. Swing sell set up, target not less than 100 pips.
SLO @ 1.4404 ⏳ TP1 @ 1.4330 TP2 @ 1.4287 TP3 @ 1.4238 📉 Overall Trend: Bearish Resistance: 1.4480 Support: 1.4175 ✍️ Technical Indicators: P2P INDi identifies curve from: PH @ 1.44974 PL @ 1.41578 📉 TEMASHA identifies 1.4404 as a sniper entry for a short 📉 Moving Averages: The 50/100/200-period all suggests that the overall trend is still bearish 📈...
We see a regular divergence in OBV, so we expect price go up!