EUR/CAD BUYWe are in an upward trend.
The Canadian dollar is weakening following the bar shown in the image.
EURCAD
EUR/CAD Giving Amazing Bearish P.A ,Time To Sell To Get 200 PipsThis 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 Set To Grow! BUY!
My dear friends,
EURCAD looks like it will make a good move, and here are the details:
The market is trading on 1.4699 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.4724
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
✅EUR_CAD POTENTIAL SHORT🔥
✅EUR_CAD will be retesting a resistance level soon around 1.4717
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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EURCAD I It will keep dropping and bounce from channel support 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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EUR/CAD BEARS WILL DOMINATE THE MARKET|SHORT
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 1.458 level.
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EUR/CAD BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
Bearish trend on EUR/CAD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.467.
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EURCAD - 1H - Support & Resistance - Long PositionIn this chart we have draw support & resistance levels. we decided to take an entry at the S1 Level and take our tp with the marked line. No Divergence spotted.
EUR/CAD SHORT from 1.4769The shocking CAD CPI news released an hour ago (CPI missed by .3%) has seen a sustained
period of CAD SELLING and now this BULLISH EUR/CAD strength is faltering as it is across all CAD pairs and we look to be entering a period of SELLING in order to unwind overbought RSI readings.
On the H1 time frame we have a potential double top at WR1 though the second candle has not yet completed and there's every possibility that EUR/CAD BULLS haven't finished with this market and may attempt to send the price higher.
We do have a confirmed SELL signal on the Andean Oscillator and the current H1 candle seems certian to be a doji so there are confirming signs that this pair may be headed south.
With a STOP above the recent high at 1.4774 we can get this trade on with a tight 13 pip STOP and hope that we can get a breakeven stop in the next hour if the price does indeed head south.
This is a soft STOP however and it will be adjusted if we get a burst of buying that threatens the STOP but as this buying would be sending the RSI back into o.b. then I expect SELLERS to eventually push the price back south.
Its by no means a done deal this trade and its always risky trading against the news with CAD being overwhelming BEARISH but buyers are certain to enter this market, its just a question of when.
Hopefully its now.
EURCAD - 4hrs ( intra day Sell Target Range 100 PIP ) 💵Pair Name EUR/CAD
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short ) Intra Day
Type : Mid Term Swing
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Bearish Break
1.47100 Area
Reasons
- Major Turn level / W
- Pattern Break
- inner choch Area
- Day / week low
- Month High Area
Bullish Reversal
1.46100 Area
Reasons
- Major Turn level
- Fixed range Poc
- Accumulation Zone
- pattern Target
- Ultra Volume
EURCAD → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . EURCAD long
! Great BUY opportunity EURCAD
I still did my best and this is the most likely count for me at the moment.
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EURCAD Long TradeMARKET PHASE
OANDA:EURCAD is in a long term uptrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
There was a buildup of liquidity (sell stops, shorts, long order stop losses) below the corrective structure swing lows. Price violently moved down to trigger the sell stops (liquidity) to pair against the buy orders needed to take price up. Price has started it`s initial move up but due to the velocity of the downward move, it's gapped orders around 1.47110. Although price has already retraced back to this level and violently continued its move up as we expected - we had skipped this trade to avoid correlation risk with a OANDA:GBPCAD trade at that time. Now price has been steadily making its way down to the same 1.47110 level, it's likely we may see a second leg up.
TRADE
I will be entering long on OANDA:EURCAD with the following parameters:
Sell Limit: 1.47110
Stop Loss: 1.46565
Take Profit: 1.48200
EURCAD: Forecast & Trading Plan
The analysis of the EURCAD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
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EURCAD H4 | Reacting off resistance Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.47467, which is an overlap resistance.
Our take profit will be at 1.4622, a swing-low support level.
The stop loss will be placed at 1.4794, which is above the swing high resistance level."
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Continue the upward trendGreetings
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
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.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
A bearish scenario in the direction of the higher degree pattern of the wave
EUR/CAD SELLEUR/CAD rapped into main supply and showed rejections with a bearish Engulfing and close of candle below Doji.
Upon seeing this I waited for retirement to my sell entry@1.47500 with sl@1.47835 (Risking 33 pips).
Tp1: 1.47000 TP2: 1.4675 TP3: 1.4655 TP4:1.4630
* Where has the market moved since I entered my trade? Did 20PIPS now gone back near BE
* If I looked at the market now, would I take the same trade? Yes
* How do I feel about my trade? Optimistic
* What do I like about this trade ? good descent entry
* What do I dis-like about this trade now? Choppy and taking time to move
* On a scale of 1 to 10, where would I rate this Trade now? 7/10
* If I were not in a trade now, would I take the opposite trade ? no
Strifor || USDCAD-05/03/2024Preferred direction: SELL
Comment: Medium-term shorts continue to be relevant for the USDCAD currency pair. As we said earlier, scenario №2 is more likely and even more effective. At the moment, there is a fact of accumulation of market longs, which provides a so-called resource for a fall. Here we note the presence of a limit buyer for CAD . Also, do not forget that this week we will have a decision from the Bank of Canada on the interest rate, which of course will affect this currency pair.
The fall is currently expected towards the level of 1.35000.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || GBPUSD-06/03/2024Preferred direction: BUY
Comment: At the beginning of the week, the buy-priority is still relevant for the British currency , however, despite the presence of a limit buyer, a more likely long scenario looks precisely after a small downward correction towards the level of 1.26770 . In this case, a false breakout will be formed as soon as the price returns to previous levels after testing the level of 1.26770 , that is, it returns again to the level of 1.27100 , where the limit buyer is located.
We set the target near the level of 1.27500, since pressing close to 1.28000 will be a rather risky maneuver, there is a high probability of a rebound downwards from this round resistance level.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || EURUSD-06/03/2024Preferred direction: BUY
Comment: The middle of the week has come, and, as we said at the beginning of the week, a rather eventful economic calendar awaits us. The buy priority for EURUSD remains relevant, which was also indicated at the beginning of the week. The growth target is located at the level of 1.09000 , and there is also a possibility that the instrument will try to grow towards 1.09500.
As part of today, two long scenarios are proposed, where the more likely scenario is №1 , according to which, before moving to 1.09000 , a false breakout will be formed in the area of the level 1.085000 . Perhaps the deal will last until tomorrow.
Additional comments on this trade will be provided as situation changes. Follow us!
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EURCAD I Potential long from support zone 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.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EUR/CAD Analysis: Daily Zones and Cautions
Traders,
Let's assess EUR/CAD's daily zones and accompanying considerations:
Wait for LTF Confirmations: Exercise patience and await confirmations from lower time frames before making trading decisions.
Monthly RSI: Suggests a range zone, indicating potential stability.
Weekly RSI: Indicates a potential bearish move, urging caution regarding long trades.
Daily RSI: Signals more bearish days ahead, reinforcing the need for caution.
Daily Chart: Presents a bullish channel, providing a potential avenue for upward movement.
1-Hour Chart: Identifies a buy zone around a broken level and a sell zone near the supply zone.
Be mindful of these dynamics and ensure thorough analysis before entering trades.
Best regards,
