Eurcadanalysis
EURCAD longPrice had a a strong bullish sentiment after making higher lows and breaks in market structure. We see clear higher highs followed by higher lows. Further confirmation of Bullish momentum by the bullish engulfing we see in this candle. Whether or not it broke my Golden zone it’s definitely closed over the 61.8% Fibonacci extension. looking for a healthy retracement back onto the support before heading into the direction it came from a week ago. (Seems like a reversal.)
Taking a long position expected to last a couple of days.
Tp and SL indicated in the chart.
EUR/CAD Multi-Time frame analysisHi Traders
EUR/CAD Multi-Timeframe analysis
H1 Chart (Bearish)
A medium probability, entry signal to go SHORT will be given after the completion of a bearish trend reversal on the lower time frame at 1.46867 after the market found resistance at 1.47157 . Only the upward break of 1.47157 would cancel the bearish scenario.
Support & Resistance
1.46686 1.47146
1.46415 1.47270
1.45955 1.47431
H4 Chart (Bullish)
The completion of a trend reversal formation at 1.47288 has forced us to close our position earlier than we had planned. Now we are looking for the next opportunity to enter the market.
Support & Resistance
1.47410 1.47757
1.46415 1.47997
1.45810 1.48992
Daily Chart (Bearish)
The completion of a trend reversal formation at 1.47607 has forced us to close our position earlier than we had planned. Now we are looking for the next opportunity to enter the market.
Support & Resistance
1.47237 1.48156
1.45810 1.52092
1.44426 1.53833
Weekly Chart (Strong Up)
Waiting for a retracement higher towards the 1.47237 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.50518 level.
Support & Resistance
1.45810 1.47237
1.44478 1.50518
1.42626 1.51914
EUR/CAD BUY NOW..
EUR/CAD short time fame create bearish butterfly pattern.
So,this pair short time buy pressure now up to 1.47708.
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Stochastic Bearish Divergence1. 4H TF - Price is at resistance
2. 1H TF - Stochastic oversold pointing down
2. 15m TF - Bearish Divergence
Are this enough confluence to open a short position?
EURCAD: very nice short opportunity on 15mHi Traders,
This is my view on this pair for the next few days.
#EURCAD
SELL 1.472
SL 1.474
TP 1.46
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen
EURCAD BUY EURCAD has completed the fifth impulse, we can expect a bullish correction on EURCAD of at least 200 pips up.
Please support this idea by leaving a like and follow for more ideas.
Good luck trading 😊
EURCAD, daily tf, elliott wave forecast of wave-IV and wave-VAs you can see price completed wave-III with the all 5 sub waves.
I assume wave-III is completed because waves-5 stopped exactly at 127.2 fibonacci of wave-4.
Notice also it hit the support of this downward channel and bounce back up.
For now, i think we could see upwards movement to complete wave-IV before another leg to the downside.
Buy EURCAD 1.4630-40
Stop loss 1.4530
Take profit 1.5130 (5R)
Use only 1-2% risk
Good luck
After we complete the upwards movement we will then sell again this pair.
The target for this pair sell positions is not determined yet because it will be depend on this wave-IV correction length.
For now we will assume that wave-IV can retrace towards 50% fibonacci level.
As for our stop loss it will be at wave-I area.
We will update when we start selling this pair.
EURCAD foaming bearish pennantsHello Guys Welcome back to another profit week
If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions
Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
EURCAD in a bearish pennants, the price is still consolidating more buyers or sellers usually decide to jump in on the strong move, forcing the price to bust out of the pennants formation , I think there will be a buy entry for long , lets watch together
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
The information given is not a Financial Advice.
Please support this idea with a like, if you find it useful
have a good profit week guys
EURCAD: possible LONG setup on DailyHi Traders,
This is my view on this cross for the next few days.
#EURCAD
Wait for the bullish environment to be confirmed, the structure to be broken and retested.
After that, you can go Long
BUY 1.50530
SL 1.488
TP 1.54
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen
EUR/CAD New Pattern Analysis With great Pips 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
EURCAD Will Continue Its BEARISH Movement!!After seeing a great BEARISH movement, EURCAD managed to make a substantial BULLISH retracement followed by a BEARISH continuation. If we look at today candle, we see a great BULLISH candle which I classify it as a "deception" candle. This candle form as a short term retracement candle for EURCAD and retest the broken level. I will be expecting a BEARISH continuation till the support at 1.4470.
Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
What i'd love to see on EURCAD!Price has been on a downtrend, it has currently retraced to my trendline and support structure which could be a potential resistance. Probabilities. Lets see
EUR/CAD New Analysis And 2 Setups Available To Catch 300 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 - BEARISH BIAS=====
MARKET OUTLOOK
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EUR - BEARISH
1️⃣ Eurozone preliminary GDP for Q1 of 2021 show the bloc is still in recession despite a little better than expected data. The bloc entered a double-dip recession in Q1, as COVID-19 lockdowns continued to hammer the services industry.
CAD - BULLISH
1️⃣ Bank of Canada leaning towards a more hawkish message such as CAD. The loonie also was supporting by rallied oil prices.
2️⃣ Canada has started to expand its vaccine distribution, currently vaccinating as many individuals as the United Kingdom and the United States every day. This helps to bolster the Canadian economy positive growth narrative.
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TECHNICAL
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- We're shorting this pair at SBR on M15 chart. This is short term trading strategy from Monsun Asia.
- Risk reward ratio is 2:1.
May Be A Pullback Before A Bullish ContinuationLooks like a correction is happening before we continue the bull run with this pair. I missed the move paying attention due to watching higher volume pairs, But will keep an eye on it this week from here on out. When this pair moves, it MOVES. So here are the TPS I want to see the price complete when it makes a full decision where it's going.
BULL TPS
1.49803
1.50555
1.52001
BEAR TPS
1.48504
1.48060
1.47507
-
EURCAD; Short, for now.This is dropping strait onto the 200 Months Ema. (In conjunction with a final Equities Blow-off Top ). - After which, this should be a one-way Long for the better part of "forever". (EUR positive account balance vs. CAD, a purely speculative bubble - in no small part where the Wilshire5000 / GDP having just hit 200%!)
The Weekly;
EUR/CAD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
EUR/CAD: Day-Swingtrade-Preparation
Market-Sell: 1.49560
Stop-Loss: 1.50490
Point of Risk-Reduction: 0.71920
Take-Profit: 1.47350
Stop-Loss: 90 pips
Risk: 0,5% -1%
Risk-Reward: 2,50
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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