✅EUR_CAD POTENTIAL SHORT🔥
✅EUR_CAD price grew again to retest the resistance of 1.4764
But it is a strong key level
So I think that there is a high chance
That we will see a bearish move down
SHORT🔥
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EURCAD
EURCAD - Looking To Buy Pullbacks In The Short TermH4 - Bullish trend pattern.
Strong bullish momentum.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
EUR/CAD SELLERS 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 1.462 level.
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EURCAD-Ready to Short!We got a bearish trend change for EC.
Now looking for trend continuation to take a short trade.
We got the 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK!
The 50% retracement and FVG are in line with previous support turned resistance- thus adding another confluence on this trade.
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
Swing Is King - EURCADHTF Analysis as always - 12M, 6M, 3M & M
LTW Entry - 4H & 1H
S/R on the D and the W.
I see price heading towards 1.50
EURCAD : Short Trade , 4hHello traders, we want to check the EURCAD chart. The price is moving in an ascending channel, but it has reached a certain resistance level that the price has reacted to several times in the past. We expect this level to stop the upward trend of the price and the price will fall to around 1.46700. Good luck.
🔄 EURCAD: Curve Analysis (16H)🔄(Based on the 1H Curve)
-SL3 @ 1.5045 🚫 (conservative)
-SL2 @ 1.4910 🚫 (moderate)
-SL1 @ 1.4765 🚫 (aggressive)
SLO3 @ 1.4750 ⏳ (suggested by P2P INDi)
SLO2 @ 1.4719 ⏳ (suggested by P2P INDi)
SLO1 @ 1.4695 ⏳
TP1 @ 1.4662
TP2 @ 1.4613
TP3 @ 1.4578
TP4 @ 1.4523
TP5 @ 1.4485
SUPPORT @ 1.4475
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
🔑
DT = DOWNTREND
ITF = INTERMEDIATE TIME FRAME
PA = PRICE ACTION
SL = STOP LOSS
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
⏳ = PENDING
EURCAD - 4hrs ( Buy Trade Target Range 160 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 ( Long ) Mid Term
Type : Mid Term Swing
——————————
Bullish Break
1.45500 Area
Reasons
- Major Turn level / D
- Fixed Range Poc
- De Value Break
- Choch area
- Golden Fibo Zone
- D+ W H Break
Bearish Reversal
1.47250 Area
Reasons
- Major Turn level / W
- 2 Bounce Trend line
- Pattern Target
- Choch Area
- Quarters Area
EurCadhello everyone, price has reached major resistance level where price has tested several times including on weekly tf, weekly tf is consolidating but it is slightly toward bearish direction. So I think it made a weekly correction at the moment and price could go bearish..
Good luck
EURCAD...SHORTOANDA:EURCAD A short position can be taken on the specified levels
There is no position before reaching the surface
🇪🇺 EURCAD 🇨🇦 - Retest of resistance before further declineThe currency is purposefully moving towards the resistance at 1.4728, which plays the role of the upper boundary of the flat. Accordingly, the global trend is downward and the resistance area in this context plays a key role before further decline.
Reasons for further decline:
1) Counter-trend correction
2) Liquidity and resistance areas at 1.4728 are strong enough for a breakout
3) Flat from the upper boundary of 1.47200 may push the price downwards
4) There are no fundamental reasons for the euro to rise
EURCAD Is Going Up! Long!
Please, check our technical outlook for EURCAD.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.465.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.467 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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NZDCAD: Local Bearish Reversal?! 🇳🇿🇨🇦
I see a nice bearish reaction to a key daily horizontal resistance on NZDCAD.
After a test of the underlined blue area, the price started to consolidate and formed
a horizontal range on a 4H time frame.
Its support was violated and for us, it is an import sign of strength of the sellers.
We can expect a bearish continuation now at least to 0.83
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EURCAD: Pullback From Key Level 🇪🇺🇨🇦
I see a nice bullish confirmation after a retest of a broken structure on EURCAD.
The price formed a falling wedge pattern and violated its resistance on an hourly time frame.
We can expect a local bullish movement to 1.4675
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EURCAD: Strong Bullish Confirmation 🇪🇺🇨🇦
Update for EURCAD.
Earlier we spotted a confirmed bullish reversal on a daily time frame.
After a violation of a daily horizontal resistance, the price started to consolidate
with a bullish flag pattern on a 4H time frame.
The resistance of the flag was broken today with a high momentum bullish candle.
It is a strong bullish confirmation and it indicates that more growth is coming.
Next resistance - 1.4699
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EURCAD - Bullish perspective ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here I changed my mind, so I will look for a long opportunity. I want price to continue the retracement to fulfill the imbalance and then to reject from bullish order block + FIBO 0.618 level.
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EUR/CAD BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
EUR/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going up too. 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 1.457 area.
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EUR-CAD Support Ahead! Buy!
Hello,Traders!
EUR-CAD is making a
Bearish correction after
A strong push upwards
But the pair will soon
Retest a horizontal support
Level of 1.456 from where
I think we will see a
Bullish rebound
Buy!
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Check out other forecasts below too!
EURCAD - Expect AMD Pattern ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: As we can see here price accumulates for last couple of weeks so I expect we can see AMD pattern. Price to manipulate buy side liquidity and then to distribute lower.
Fundamental news: Next week we will see result of monthly CPI on CAD.
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EURCADEURCAD has given the clean breakout of long term consolidation. And now the market is retesting the broken level. sellers seems to be exhausted.
if this breakout holds the next upside targets will be 0.8400 followed by 0.9000
EURCAD Short Term Buy IdeaH4 - Bullish trend pattern.
Currently it looks like a pullback is happening.
No opposite signs.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
