five wave impulse to the upside and we see a bounce on the 31.8 retracement. two possible scenarios for this asset is on the chart
Break and retest of 4h zone Entered at the retest of 4 hour zone Bullish Continuation
EUR-CAD was trading in a bullish pennant but now We are seeing a bullish Breakout and rteste so I think that The pair will go up!
buying opportunity 🚀🚀🚀it's because we have clear two BoS buy it at your own risk 🚀🚀
EURCAD price for long opportunity. This setup just for intraday only. >> TAYOR I'm just giving an idea, it's up to you to follow.
Market Structure Bullish on Higher Time Frames Daily And Weekly in the same area Strong Previous Weekly Engulfing Weekly Rejection at AOI Daily Rejection at AOI Daily Resistance Level Daily EMA Retest H4 EMA Retest REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Patience Pays : Every...
Going bullish if the news on Euro news favours Euro on tuesday
EURCAD - Bullish continuation candle pattern with MA crossing & act as support side at 4hr
Continue bullish due to the price still above SMA 25, 100 & 400. Based on the Stoch RSI is showed crossing down, suggest wait the OS area to lower down cost of entry as per above chart show. Support level at 1.4467
The EURCAD pair crossed over the 1day MA50 yesterday for the first time in 6 weeks and today is closing over it. This is a bullish extension signal towards at least the Falling Resistance. Every bullish sequence in 2023 following a 1day MA50 break out has made at least a +4.21% rise. Buy now and target 1.46800 (Falling Resistance). Follow us, like the idea...
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 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 1.4600. What you guys think of this idea ?
In the 1H time frame, it can react to the medium-term trend. If confirmed, it can be entered for Short possition. The possible target is highlighted.
EUR/CAD Analysis The selling opportunity is now in the retest zone
Why is euro to CAD dropping? As the Canadian dollar has strengthened, the EUR/CAD exchange rate has steadily slipped. From a high of 1.56 at the beginning of the year, the rate fell to 1.42 on 24 November – a sign of the Canadian economy's rapid recovery post Covid-19. The exchange rate fell as the world grappled with an energy crisis.
Presently, the price is being held in check by the primary supply located on the left, effectively absorbing all the sell orders associated with it. Beyond this supply zone, there is a stretch of price compression extending up to the uppermost supply level. Consequently, if the price manages to break free from the current supply, it is highly likely that we'll...
We will check a buy possibility when our chart take the 4h tf's ob and change the character from sell to buy Tp is a price action result
Price could fall to our buy entry at 1.4449, which is a pullback support level, aligning with the 38.2% fibo retracement and 61.8% fibo projection. Our stop loss is at 1.4384, which is a pullback support level. Take profit is at 1.4530, which is the overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk...
Price broke above 1.44900... Currently waiting for a retest of this price and will be looking for buys to our next price at 1.45500