Euro-Canadian dollar at the weekly ceiling and a position for correction
Hello,Friends! EUR/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 4H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
Hello, 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...
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
We 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 CAD
Hallo,I am considering a short position to consider further moves. I want to share my opinion with you. Thank you for your support!
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!
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...
My dear friends, My technical analysis for EURCAD is below: The market is trading on 1.4750 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.4638 Recommended Stop Loss - 1.4815 About Used Indicators: A pivot point is a technical analysis indicator, or calculations,...
Market direction possibility. of course market as been in sideways for some times now, what if its time to go bearish
In 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...
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!
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 !"
The 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.
EURCAD -> Close To a Strong Daily Zone On the daily chart, the price is near a very strong resistance zone. It is located between 1.4700 - 1.4800 Over the past week, we have seen the price stop there and is unable to break through that zone. This increases the chances that the price will fall for a minor or major correction. You may find more details on the...
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...
As 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....