chart has already broke its first support so we can take entry after break of second support.
Hello Traders, Hope you all are doing good!! I expect EURCAD to go Up after completing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market...
The reason I'm going long is because All of the time frames are bullish (Weekly, Daily and 4 hour). It failed to break the Daily support. There was a 4 hour engulfish candlestick on the Daily AOI hence making it a high probability to continue long. The trade was taken on a Thursday (good trading day)
EUR/CAD Bullish After Lagarde's Comments ECB’s Lagarde commented yesterday: " The fight against inflation is not over". Growth in Europe is mediocre, much slower than in the US We’re clearly seeing timid signs of recovery The game (of fighting inflation) is not over This was a hawkish comment made at a time when everyone expected the ECB to cut rates at the...
d1: Bullish OB has been created and the last bearish candle is a pin bar h1: Choch is created and we have and OB with high volume of bullish engulfing candle so open a limit long position
because the price accumulate and make 1-2-3 wave uptrend h1 so i moved the order limit to new ob h1
EURCAD is moving from the lower boundary of the channel. The chart has pushed off from an important support, forming a double bottom. The price is testing the dynamic resistance. We think that the price will continue to rebound to the 50% retracement level. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for...
H1 - Downtrend line breakout. Bullish convergence. Currently it looks like a pullback is happening. Until the two strong support zones hold my short term view remains bullish here.
Eurcad is at its buying zone daily and 4hrs support
Here is our detailed technical review for EURCAD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.464. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.469 level soon. P.S The term oversold refers to a...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 1.4715, which is an overlap resistance. Our take profit will be at 1.4657, a pullback support level. The stop loss will be placed at 1.4780, a swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may...
The price is in two channels top lines area, "SlowStoch" is over bought and crossed and turned to South in daily time frame. Candle in Daily time frame is generated shooting star in previous day. Short EUR/CAD and target positions could be in several possible positions. Similar, short other EUR pairs
Hello Traders, Hope you all are doing good!! I expect EURCAD to go Up after completing this correction. I am biased for taking the recent low once again before giving a bigger correction upside. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do...
Here is an EURCAD 15-minute chart, as you can see the price had a bullish reaction to the daily FVG, and also the price created lots of buy-side liquidity, so we expect the upward movement. Now in the 15-minute chart, there is an untouched bullish order block formed below the sell side, liquidity so we expect the price to get support from this order...
Using the BBMA Strategy by OA, a Re-Entry Short in 4H time frame appeared and using a multi- time frame analysis , I'm now waiting for a confirmation in TF 2 and TF 3 ( 15m Entry ). 4H - Re-Entry 1H- 50 EMA Rejection + Extreme Sell 15m- wait for CSAK + Retest in MAHILO min 15m Note: * Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines)...
Price is rising towards the resistance level which is an overlap resistance which aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.46671 Why we like it: There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 1.47033 Why we like it: There is a pullback resistance...
welcome here is my eurcad idea market is not clearly bearish or bullish seemed more bearish over last few trading days price trading under 50% fib level of monthly candle & weekly candle price trading under emas and weekly pivot lets see how this setup plays out