Eurcadanalysis
EUR/CAD Giving A Good Bullish Price Action , Time To Buy ?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.
DeGRAM | EURCAD overextension at the resistanceEURCAD reached a major resistance level on the 4H timeframe. The market probably will make a false breakout.
Price action created a double top at the channel border that acts as dynamic resistance.
Price action is likely to move down from the confluence zone: the resistance and the channel's border + fibo extension.
We expect a pullback from the resistance level .
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EURCAD - Bearish price action ✅Hello traders!
‼️ This is my perspective on EURCAD .
After change of character here I am looking for shorts. We can see a rejection from bearish order block, so I expect bearish price action continuation
‼️Attention!!! Due to the fact that we have news events on CAD next Wednesday and Friday, the analysis can be invalidated.
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EURCAD- A nice SELLING Opportunity!Dear Traders, EURCAD has developed a nice distribution cycle when we talk about smart money concept. We have identified a potential area where we can see a nice sell off; our approach on EUR long term is bearish and CAD somewhere stronger currency index when we compare these two.
-ENTRY SHOULD BE EXACTLY AT THE OB AREA.
-STOP LOSS NO MORE THAN 50 PIPS
-TP 200-300 PIPS.
Buying $EURCAD hereTrade type AAA
Reasons for taking this trade:
We are longterm bullish hence it would make sense to take buys here.
The liquidity pool at 1.43300 has already been filled.
1HR candlestick has closed bullish and its engulfing (the better)
We have had the 3 touch move already in which our bias is supported by the liquidity pool as explained above.
We are 2 hours past London open hence there is liquidity.
I am targeting to areas for TP.
Trade type glossary
Trade type AAA - Very good
Trade type BBB - Nice
Trade type CCC -🧐
This trade is based on the analysis of my previous idea:
Buying $EURCAD here (second trade entry)Trade type AAA
our previous idea: hit the first TP💦 hence confirmation enabling us to get a second entry for the second trade.
Reasons for taking this trade:
Our first tp was a very sensitive price level hence after hitting that price we have receeived confirmation for continuation by:
1hr candlestick is a bullish engulfing candlestick hence that is good.
We are close to London (2 mins approx) open hence volume will be available.
You see the blue line? price level - 1.44088 Price did not close below that area. That is good
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and 2%
In BBB - 0.5%
IN CCC - 0.25%
DeGRAM | EURCAD false breakEURCAD made false break of the resistance level even though it's moving in the ascending channel.
Price action was rejected by psychological level 1.44000, and closed below it meaning bulls are running out of the steam.
We might see the ascending channel breakout and a sharp move down.
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EUR/CAD New Short Setup To Get 300 Pips With Very Easy AnalysisThis 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 - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on EURCAD .
Here we are in a bearish market structure from H4 timeframe perspective, so I am looking for shorts. We are near the point of interest, I wait price to fulfill the imbalance and to reject from bearish order block to open a short position.
‼️Attention!!! Due to the fact that we have news on CAD upcoming week, the analysis can be invalidated.
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EURCAD : Short Trade , 4hHello traders, we want to check the EURCAD chart in the 4-hour time frame. The price is moving in a range channel and when it has reached the bottom of the channel, it is making a price correction in a downward channel and has reached the key level of 1.44000 We expect the price to continue its downward trend and test the bottom of the range channel again and fall around the price of 1.42600. If the downward trend is strong and can break the bottom of the range channel and below the price of 1. 42300 stabilizes itself, the next possible price target is 1.40900. Good luck.