eurcad pontential buy trade .
The chart shows a strong bearish movement overall (downtrend), with some signs of a potential corrective move to the upside (green arrow pointing toward liquidity above). If price remains above the internal range liquidity and begins moving upward, the gap fill scenario could play out, targeting higher levels. If price forms bullish confirmation (e.g., bullish candlestick patterns or breaking a key intraday resistance), consider buying around 1.4600-1.4610.
Wait for price action to show clear signs of rejection (bearish) or momentum (bullish) in the identified zones.
Check for any high-impact events (e.g., central bank speeches, economic reports) that could affect EUR or CAD pairs.
Monitor related pairs (e.g., EUR/USD, CAD/USD) to align directional biases.
Wait for price action to show clear signs of rejection (bearish) or momentum (bullish) in the identified zones.
Check for any high-impact events (e.g., central bank speeches, economic reports) that could affect EUR or CAD pairs.
Monitor related pairs (e.g., EUR/USD, CAD/USD) to align directional biases.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.