EURCAD Analysis 11July2023if you look at the movement of this pair on the D1 time frame, it looks like the price is stuck at a fairly strong resistance, and last week the price managed to breakout from the resistance (SR Flip). if you look at the bullish candle that formed a few days ago, the possibility of continuing the bullish trend is still strong. you can go long when the price approaches the SR Flip area.
Eurcadanalysis
EURCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.44000.
Fundamental analysis: Next week on Wednesday will be released Interest Rate on CAD which is forecasted to increase by 0.25%, this means strength in currency.
Like, comment and subscribe to be in touch with my content!
EURCAD looking ready for a big move to the upside (10-14 July)On the weekly: a triple bottom (including a false break).
On the daily: Neutral to bullish. The last 3 weeks we have seen a gradual move up and price has been above the 200dma.
On the H4: Looks bullish. A nice strong move up followed by a range formation. The false break below confirms my bullish bias.
If, however, we get a close below 1.4470 that would negate my analysis.
Obviously, I want a lower entry. Will it be at the range bottom or at the support in the 1.4500 area or at the major support at 1.4470 area? I have no idea – I am not in the prediction business, I am trying to read price action and act when I sense that the odds are in my favor.
There is room for large gains herein the long term, perhaps until the 1.51’s, but for now I am looking to target the 1.4620 and 1.4740 regions.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more.
What do you think about this trade idea? Please comment and share your thoughts!!
DeGRAM | EURCAD consolidation marketEURCAD is moving sideways following the bullish momentum; it has created a consolidation zone.
The market is creating AB=CD. The price is trading in the ascending channel.
We expect a breakout of the consolidation zone and retest of the resistance.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
DeGRAM | EURCAD consolidation marketEURCAD broke and closed below the ascending channel.
The market is consolidating. It created a bullish harmonic pattern.
We expect a bullish move, a retest of the resistance, and a further move up.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
EURCAD Daily Short | Technical Analysis TradingEURCAD daily short
Shortstop @ 1.45639
TP #1 @ 1.44627 66.67% wr
TP #2 @ 1.43041 39.22% wr
SL @ swing high 1.51122 17.65% hr
All trades on this pair, and on this timeframe are produced by an algorithm. Winrate is based on Winnings trades on this pair, on this timeframe, from this algorithm.
Find more trades like this on my profile for consistent wins.
EURCADHello everyone,
My ideas are base on my understanding only on charts with volume.
If you like my ideas and analysis you can comment it.
To all my followers i dont recommend trade in every post I made here.
Just pick 1 of your choice.
Focus only on 1 pair. you cant make more moneeee if you trade all of this ideas.
I know all of you here in tradingview know the basic strategy and fundamentals of charting and volume.
lets escape the box. pick one then grind that pair you like.
Reminder NO FOMO, NO GREEDY.
if youre goal on trading is longterm then trade longterm, Scalping is too squishy specially if you have other things to do.
Longterm traders or weekly traders are doing great. as I observed and base on my own trading experience.
Yes before I usually do the daily and intraday trades, and most of it are loss.
Now I learn my mistakes .
Longterm or the weekly trades might be a High stoploss or high risk stops because of the timeframe.
but I can assure the benefits of it, its totally not the same on scalping or intraday trades.
I hope you all have a great weekend ahead.
Crypto is still open..
Ciao..
EURCAD LONGPrice just took support from this year's AVWAP and pushed back up.
PD buyers pushed price up.
Sentiment line in perfect buy zone.
entry if and when price clears current POC zone and opens above it with good MACD.
1:1
note - not tagged in the position yet.
will add note once in the position.
EURCAD Buy TF H4. TP = 1.4701On the 4-hour chart, the trend started on May 18 (linear regression channel).
There is a high probability of profit. A possible take profit level is 1.4701
But do not forget about the SL = 1.4511
Using a trailing stop is also a good idea!
Good luck!
Regards, WeBelieveInTrading
DeGRAM | EURCAD consolidation marketEURCAD is moving sideways following the bullish momentum; it created a consolidation zone.
The market is creating AB=CD. The price broke and closed above the descending channel.
We expect a breakout of the consolidation zone.
-------------------
Share your opinion in the comments and support the idea with like. Thanks for your support!
EURCAD - Long active ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: As I said in my previous analysis we are bullish and I look for long from discount zone if price rejects from bullish order block. I opened a long position and my target is the imbalances higher.
Fundamental analysis: Next week we have news on CAD, on Tuesday will be released CPI, pay attention to the result in order to validate the anaylsis.
Like, comment and subscribe to be in touch with my content!