From a bullish order flowThe daily rejection block has been successfully respected because we have and bearish engulfing candlestick, this is to confirm a bearish market. On the 4h timeframe we have a break of structure followed by a sweep with let price to clear the previous swing low. We now have a shift, anticipating a flip to level 1.50100 for a bearish entry, in this trade we are risking 20 pips in order to gain 100 pips because we are targeting the significant zone at 1.49100…
Eurcad!
EURCADIs EURCAD exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 1.4900 followed 1.4800
What you guys think of it?
EUR-CAD Potential Short! Sell!
Hello,Traders!
EUR-CAD is trading in an
Uptrend and the pair is locally
Overbought so after the pair
Hits the horizontal resistance
Of 1.5050 we will be expecting
A local bearish correction
Sell!
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EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
EUR/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.495 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EURCAD Buyers In Panic! SELL!
My dear subscribers,
EURCAD looks like it will make a good move, and here are the details:
The market is trading on 1.4943 pivot level.
Bias - Bearish
My Stop Loss - 1.5018
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probableBearish continuation.
Target - 1.4844
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
EURCAD long Opportunity
Uptrend : The EUR/CAD pair is in a strong uptrend, characterized by higher highs and higher lows.
Support and Resistance Levels : The pair has broken a key resistance level around 1.49561, which now acts as support. The next significant resistance is at 1.50450.
Moving Average : The current price is above the 200-period SMA, indicating long-term bullish momentum.
The position aims to capitalize on the continuation of the uptrend following the break of resistance at 1.49561.
The stop loss is placed below the recent support to minimize risk in case of a trend reversal.
The take profit is set at 1.50450, aligned with the next potential resistance zone.
EURCAD Will Keep Growing! 🇪🇺🇨🇦
As we discussed on Friday - EURCAD broke and closed above a resistance line
of a bullish flag pattern.
I bought the pair after the market opening on a retest of a broken trend line.
We can expect more growth and a test of a current high - 1.497
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EURCAD Can Fall Fall Further DownThe last standard W pattern had failed. EURCAD completed an extended W pattern. It showed some rejection from the top. We have a support level in there. If this support levels is broken and confirmed with a bearish signal, we can see a good short opportunity. Targets are on the screen:
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EUR_CAD POTENTIAL LONG|
✅EUR_CAD is trading in an
Uptrend and the pair made a
Breakout and a retest of the
Key horizontal level of 1.4920
Which is now a support and
We are already seeing a
Bullish rebound so we
Will be expecting a
Further bullish continuation
LONG🚀
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Sell EUR/CAD Channel BreakoutThe EUR/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.4932, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.4880
2nd Support – 1.4853
Stop-Loss: To manage risk, place a stop-loss order above 1.4965. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
How To Make The Link Between Technical And Fundamental AnalysisWithin Market trading, regardless of the assets involved, you need to form both a technical and fundamental case for your bias.
When you do this, you grip great deals, and you also know where it is likely you will head.
This is simple to learn, when described in a simple format.
EURCAD Is Bearish! Sell!
Take a look at our analysis for EURCAD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.491.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.488 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EUR/CAD SHORT FROM RESISTANCE
Hello, Friends!
We are now examining the EUR/CAD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.486 level.
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EUR-CAD Short From Resistance! Sell!
Hello,Traders!
EUR-CAD went up and
The pair is locally overbought
So as it is approaching
A horizontal resistance
Of 1.4929 from where
We will be expecting a
Local bearish correction
Sell!
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EUR/CAD has a strong bullish momentum, could it rise further?EUR/CAD is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.48241
Why we like it:
There is a pullback support level which lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.47847
Why we like it:
There is a pullback support level which align with the 61.8% Fibonacci retracement.
Take profit: 1.49069
Why we like it:
There is a pullback resistance level.
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It's Time for Buy EURCADGreetings traders, the EURCAD price is nearing its resistance zone at 1.48535, where a potential rejection could occur. If the price surpasses this level, the next target would be 1.49288. Additionally, there is an unfilled imbalance at 1.48185. Share your thoughts in the comments section.
EURCAD W pattern Completion - Can FallEURCAD is near W pattern completion. This has been a complex W pattern in formation which usually gives a good pull backs.
This is a swing trade idea, so wait for a proper confirmation before going short.
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EURCAD - Look for a long !! 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 position. My point of interest is if price makes a retracement to fill the imbalance lower and then rejects from bullish order block + trendline.
Fundamental news: Next week on Tuesday (GMT+3) we have news on CAD, we will see results of CPI and on Thursday (GMT+3) we have Interest Rate on EUR, news with high impact on currency.
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