EURCAD
Potential bullish breakoutPrice has broken out of an overlap resistance level which aligns with the 61.8% Fibonacci retracement and could rise from this level to our take profit
Entry: 1.46630
Why we like it:
There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement
Stop loss: 1.46258
Why we like it:
There is an overlap support level
Take profit: 1.47338
Why we like it:
There is a pullback resistance level
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EURCAD, Continuation higher?EURCAD / 1D
Greetings, traders! Welcome back to another market analysis.
The EURCAD pair has been following a bullish trend, with the price indicating signs of strength. This breakout suggests the possibility of further upmovement. I intend to consider entering a position at lower prices following confirmation of the lower time frame during the next pull-back phase.
Trade safely,
Trader Leo
EURCAD Will Move Higher! Buy!
Here is our detailed technical review for EURCAD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.460.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.464 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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A sideways correction pattern scenario is likelyDear analysts and traders,
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As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
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Bullish scenario
EURCAD : Short Trade , 4hHello traders, we want to check the EURCAD chart. After a downward movement, the price has pulled back to the specified resistance level, which it has reacted to several times in the past. We expect this level to maintain the downward trend of the price and the price will fall to around 1.45800. Good luck.
EURCAD Potential DownsidesHey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.46900 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.46900 support and resistance area.
Trade safe, Joe.
EURCAD BUY LONGLooking to buy after the break above the HMA on the 1HR TF, and will consider partial buying. Will buy again if it dips into the Buy Side LQ Swing/Zone. Buying strategy involves waiting for the break above the HMA and retest.
**This is solely my trading strategy and not financial advice.**
**Please trade with proper risk management.**
EUR/CAD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
EUR/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 3H timeframe the pair is going up. 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 1.455 area.
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EURCAD - 12hr ( Sell Trade Target Range 120 PIP ) 💵Pair Name EUR/CAD
Time Frame : 12 hrs
Scale Type : line chart + Candle Stick
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🔗 Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Break
1.45850 Area
Reasons
- Major Turn level
- Fixed lvn
- Engulfing Break
- Fibo Golden
- Choch
Bullish Reversal
1.44500 Area
Reasons
- Major Turn level
- Pattern Target
- Quarter low Area
- Fibo Golden
- Ultra Volume
EURCAD Potential DownsidesHey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.46050 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.46050 support and resistance area.
Trade safe, Joe.
EURCAD possible shortPotential short opportunity from this supply zone on EURCAD if price were to pullback and fulfil the imbalance it has left behind. We are in an overall downtrend on the hourly timeframe, so for me, I'm on the lookout for selling opportunities. I like this supply zone because it has created a break of market structure to the downside which tells me it is a strong high which institutions may fight to hold. If price does retrace and mitigate said supply zone, I myself will be awaiting a further confirmation before entering a sell position to the low of the leg.
EUR/CAD 2 Entries +200 Pips 0 Drawdown , New Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURCAD Medium-term Sell SignalThe EURCAD pair has been trading within a 12-month Channel Down and is currently reversing after a Double Top rejection on Resistance 1 (1.47825). Following the 1D MACD Bearish Cross, this has the potential to initiate Phase 2 of the Bearish Leg that started on the November 21 2023 Lower High.
Technically this should be at least a -4.47% Bearish Wave, similar to the rejection that started on August 30 2023. As a result our Target is 1.41600 (Support 2).
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EurCad Looking for shorts on pullbackTradingview Ideas:
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EURCAD I Long and short opportunity 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.
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EURCAD - Look for a short ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I look for a short. I wait price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block.
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EUR/CAD +110 Pips 0 Drawdown , New Short Entry After D Closure This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.