Eurcad!
EURCAD Trading Opportunity! BUY!
My dear subscribers,
My technical analysis for EURCAD is below:
The price is coiling around a solid key level - 1.5011
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.5071
My Stop Loss - 1.4980
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
USDCAD trade idea but there is a strong news so don't take risk usdcad trade idea as you can see there is a breakout of trendline and taking support from previous level
and previous daily candle closed in bearish so this trade may be risky that's why we need to wait for next week to trade
DISCLAIMER: trade idea is only for idea i don't recommend you to trade in my trade idea
Heading into 61.8% Fibonacci resistance?EUR/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.50935
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.51551
Why we like it:
There is a pullback resistance level.
Take profit: 1.50226
Why we like it:
There is a pullback support level.
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EURCAD - Upside move !!Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect bullish continuation to fill the imbalance higher after price rejected from trendline + level 1.50000.
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#EURCAD 1HEURCAD (Euro / Canadian Dollar)
Timeframe: 1-Hour (1H)
Pattern: Expanding Pattern
An expanding pattern, also known as a broadening formation, has been identified on the 1-hour chart of EURCAD. This pattern is characterized by higher highs and lower lows, indicating increased market volatility and indecision. The expanding pattern shows that both buyers and sellers are pushing the price in opposite directions, but with increasing momentum.
Typically, an expanding pattern suggests that a breakout in either direction may occur, but the broader outlook is leaning towards an upward breakout in this case.
Forecast: Buy
The current forecast indicates a buying opportunity, as the price is expected to rise from the lower end of the expanding pattern towards the upper resistance level. This suggests potential gains as bullish momentum builds.
Technical Outlook:
Support Level: The lower boundary of the expanding pattern, where buyers are expected to enter the market.
Resistance Level: The upper boundary, which could be a potential target for the price to reach.
Key Levels to Watch: A breakout above the recent highs would confirm the bullish outlook, signaling further upward momentum.
Look for confirmation through bullish candlestick patterns or volume increases near support to validate entry points.
Stay alert to economic data and oil-related news that might influence the EURCAD pair, as CAD often reacts to oil price changes, while the Euro is sensitive to broader market sentiment.
EURCAD - 4hrs ( Sell Trade Target Range 150 PIP ) 🟢Pair Name : EUR/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢Key Technical / Direction ( Short )
Type : Mid Term Swing
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✅Short Opportunity (Bearish Break)
Key Level: 1.50100
This is the area where you’re looking for a potential short entry, expecting a bearish continuation.
Reasons for Entry:
✅ Major Turn Level: This refers to a significant price area where price has historically reversed or paused, indicating it's a critical level.
✅Visible Range: This likely refers to a visible volume profile tool, highlighting price levels that saw high or low trading activity. The focus here might be on low-volume areas (LVNs), which could indicate a lack of interest at this level and easier price movement downwards.
✅Fibonacci Golden Zone: A retracement into the 61.8%-65% zone, which is a commonly watched area for reversals or trend continuations.
✅Choch Zone: This could stand for "Change of Character," a price action term often used to describe a shift from a bullish to a bearish structure, indicating a potential trend reversal.
✅Weekly Low: The price is testing or approaching the low of the weekly timeframe, often a critical level that traders use to confirm the strength of a trend.
✅Major Trend Line 4th Bounce: This suggests that the price is touching a long-standing trend line for the 4th time, which can either act as strong support/resistance or eventually lead to a breakout after several tests.
✅Target (Bullish Reversal)
Key Level: 1.48500
This is where you’re watching for a bullish reversal, expecting price to find support and possibly reverse upwards.
Reasons for Reversal:
This level could be supported by similar technical reasons, such as the proximity to important support zones, Fibonacci retracements, or moving averages.
AUDCAD - 4hrs ( Sell Trade Target Range 150 PIP ) 🟢Pair Name : AUD/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢Key Technical / Direction ( Short )
Type : Mid Term Swing
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✅Short Opportunity (Bearish Retest)
Key Level: 0.92050
This is the area where you're looking for a potential short entry based on several factors:
Reasons for Entry:
✅ Major Turn Level: A significant area where price has historically reversed.
✅ Visible Range LVN: A Low Volume Node on a volume profile, suggesting a weak price area that can be easily passed through if tested.
✅ Channel Break: Price breaking a channel structure, indicating potential for further downside.
✅ Day/Week Low: Price is near or at the low of a daily or weekly timeframe, adding significance to the level.
✅ Fixed POC Break: The Point of Control (POC) from a fixed range has been broken, signaling possible trend continuation.
✅ Fibonacci Golden Zone: The price is in a key Fibonacci retracement zone (61.8%-65%), which often serves as a reversal area.
✅Target Area (Bullish Reversal)
Key Level: 0.91000
This is where you’re watching for a potential bullish reversal.
Purpose of this Analysis
The goal here is not just to trade for profit but to spread knowledge and understanding about strategic entry and exit points. You’re focused on ensuring that decisions are backed by multiple reasons (more than 5 in this case), ensuring well-rounded and confident entries or exits.
EURCAD Will Go Up! Long!
Take a look at our analysis for EURCAD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.502.
The above observations make me that the market will inevitably achieve 1.506 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EUR/CAD BULLS ARE STRONG HERE|LONG
Hello, Friends!
EUR/CAD is making a bearish pullback on the 10H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.516 level.
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EURCAD My Opinion! BUY!
My dear friends,
Please, find my technical outlook for EURCAD below:
The price is coiling around a solid key level - 1.5040
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.5092
Safe Stop Loss - 1.5006
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EURCAD - 4hrs ( Sell Trade Target Range 150 PIP )🟢Pair Name : EUR/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🟢Key Technical / Direction ( Short )
Type : Mid Term Swing
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✅Bearish Break
1.50600 Area
Reasons
✅- Major Turn level
✅- Visible Range Lvn
✅- Pattern Break
✅- inner Choch Zone
✅- Fixed Value
✅-Fibo Golden
✅Bullish Reversal
1.48800 Area
EURCAD - 4hrs ( Buy Trade Target Range 200 PIP ) Pair Name : EUR/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Buy Opportunity )
Type : Mid Term Swing
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💠Bullish Break 1.51150
💠Chance of Successful break out of this level 80 %
This level have 7 Bounces And Respect the break Out
💠mention key level with numbers / and why
Our Key level of Break Out is so strong 1.51150
Price already retested it many time's and this level have no fake outs
💠mention is there a crosses ( trend or Channel ) with level and why ?
yes - our break out level have cross with Channel Break Out in same area
and this channel have best shape 2 bounce From The upper band
and 3 Bounce From the lower band and middle line play a key level also
And also break out of trend / 2 bounces
💠mention is there a volume in this level
yes we have a very good volume in this area that's make the price move fast and
far away after break out
💠mention is there a sociological numbers with number and why
yes our break out area is a sociological Daily Major Area
💠mention the back ground is bullish or bearish and why
yes our back Ground is bullish Cuz we have a very healthy break out candle
also we have Fib Golden zone already broke out with visible range Volume
Our Target Range For this Trade IS 200 PIP