Eurcadanalysis
EURCAD - Long from discount zone ✅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 from discount zone. I expect price to continue the retracement and then to reject from bullish order block + institutional big figure 1.48000.
Fundamental analysis: Next week we have news on EUR, will be released Interest Rate which is expected to increase, followed by ECB Press Conference. Increased interest rate means strength in currency which could support our analysis.
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EURCAD CHART MONDAY 24 APRIL 2023EURCAD CHART ANALYSIS POSTED ON MONDAY!!!
Let's see how this pair will perform based on the analysis.
Make sure you do your research and based on your confluence please look for the entry.
Don't rush your trades without any confirmation.
Trade safe and use always proper risk management.
Thanks in advance for checking my trade idea.
EURCAD Short Daily ChartReasons for selling:
Trendline breakout
Risings wedge breakout
Key level breakout
Change from bullish to bearish market structure.
The setup was taken after looking at various higher time frames. With this being said, we will only be looking for selling opportunities
inline with the bearish higher time frame trend.
4h timeframe is the priorityThe market printed a stunning three drives pattern in which the third drive went volatile on the 4h timeframe and broke out of the internal liquidity level. With the idea that price follows liquidity, the anticipation is for price to push to level 1.49388 which is the 4h liquidity pool. From the high we’re looking for a liquidity sweep to drive the market down to the significant areas below…
EURCAD : Short Trade , 1hHello traders, we want to check the EURCAD chart in the 1-hour time frame. The price has simultaneously pulled back to the broken trend line of the ascending channel and also to the resistance level between 1.47500 and 1.47700. Good luck if the price falls to the specified targets Good luck.
EURCAD sell Entry : 1.47700
Stop : 1.48460 , Target1 : 1.46930 , Target2 : 1.46180
Risk/Reward Ratio : 2
DeGRAM | EURCAD the pullback,retest and continuationEURCAD broke and closed below the ascending channel and resistance level at 1.47000.
Bulls could not push the price higher, and it dropped below the consolidation zone on the left.
Price action might create an AB=CD pattern. We expect a pullback then a trending down.
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Invalidated drivesThis structure looks quite interesting, as we follow its data we acknowledge that the three drives pattern was invalidated, price made a pullback to both the order block and fair value back then reduced and broke through… Price then broke below, and swept this minor internal liquidity that resonates with the internal demand zone… so from here I’m anticipating a pullback to the highlighted OB then swiftly go bearish to level 1.45800…
EURCAD Potential swing long 1:8RRWeekly-Bullish
Daily- Bullish
4H - Bullish
Confluences
1. Break and retest of major key level
2. Break and retest of trendline
Take profit 1 - 1.47870
Take profit 2 - 1.49059
Long Position Opportunity on EURCADfundamentally,
we had today US Retail Sales Data that came out negative for the Dollar
on the technical side,
we had a great pull back on a key level
in the 15min:
-RSI divergence
in the 1h:
-hammer on a demand zone
in the 4h:
-strong trend
in the D :
-great correction on the 50% fib
DeGRAM | EURCAD breakout of the ascending channelEURCAD broke and closed below the resistance level at 1.47500.
Bull could not push the price higher, and it dropped below the level following divergence at resistance..
As in the past, we could see a multiple large sell-off from this level, and most likely the price will go further down.
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EURCAD Retesting the Trend and the 50% Fib levelEURCAD rallying up continuing its up trend , we got a pretty good opportunity for a buy setup
-break of a trend line + retest
-correction to the 50% Fib level
-on a support zone
Filling the inefficiencyAfter the one directional bearish move price tapped into the internal liquidity pool, pushed upwards in a corrective manner followed by a huge bullish candlestick to violate the order block. Price was slightly rejected then shortly pushed up to collect the liquidity there, then dropped to fill up the inefficiency. After filling the imbalance, the market pushed up to the supply zone, now we the price being reluctant to go bearish, so the instant expectation is for price to push up and activate this internal liquidity pool before dropping to the demand zone…
EURCAD- 4H Long Term Bullish idea-Bullish flag pattern breakout
-AB= CD pattern projection
- rising trendline with HH and HL
- the price has already retraced 0.618
- head and shoulder formation also confluences with TP1 and TP2. TP3 is an extended TP.
EURCAD : Long Trade , 1hHello traders, we want to check the EURCAD chart in the 1-hour time frame. The price has broken the descending channel upwards and then pulled back to the descending trend line and also the key level between 1.46700 and 1.46900. We expect the price to enter a trend. May it rise and move to the specified targets. Good luck.
EURCAD buy Entry : 1.46932
Stop : 1.46179 , Target1 : 1.47685 , Target2 : 1.48437
Risk/Reward Ratio : 2
EURCAD- 4H Long Term Bullish idea-Bullish flag pattern breakout
-AB= CD pattern projection
- rising trendline with HH and HL
- price has already retraced 0.618
EURCAD top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURCAD BUY IN POIThis is for short term
And this is risky too.
Please DYOR before entering the trade.
EURCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: We are here in bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from bullish order block + institutional big figure 1.46000, as well 0.786 level of FIBO which is discount zone.
Fundamental analysis: On Thursday 30th of March we have news events on USD, will be released final GDP for first quarter of 2023. The forecast for GDP is to remain the same as per last quarter, which means we would not have such big moves in market, however we should look for the results in order to validate our analysis.
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EURCAD- 4H Long Term Bullish ideaThe price action is in a bullish direction with bullish momentum
- bullish flag pattern
- HH and HL trendine
- AB =CD Projection
EURCAD Trading Plan - 30/Mar/2023Hello Traders,
Hope you all are doing good!!
I expect EURCAD to go Up after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
I will wait for confirmation before entering !There is a great opportunity because the price returned from the demand area and there is change of character
