SELL STOP SHORT EUR/CAD at 1.4713EUR/CAD has been carving out a sideways channel since Friday and the bottom of this channel coincides with the 200 EMA on 15M time frame which is also the 50EMA on H1.
A break out of this channel and a break of the supporting EMA's would suggest we are headed lower.
If we look at the H4 time frame we can see where the 200 EMA has supported the price and this looks a natural target for EUR/CAD BEARS should the 1.4716 support break.
Price ALWAYS returns to the 200 EMA eventually and of course this happens more frequently on the lower time frames.
On H1 we last saw the 200 EMA hit last Friday so we can expect to see the price gravitate to this key support level before long and a break of 1.4716 could see the start of a move south.
There is no scheduled news expected from the EURO zone and the next CAD news is Fridays CAD Unemployment Change and Unemployment Rate so the the price should drift lower over the next few days as long as the channel is broken.
Eurcadanalysis
EURCAD - Potential long ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental news: Next week on Friday we will see results of Unemployment Rate on CAD, news with high impact on currency.
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EURCAD Short Trade Setup A #short trade opportunity recently presented itself on the #euroloonie (#EURCAD) #trading chart 📉.
This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern just below the 1.47313 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 1.46000 psychological level and possibly testing the strength of the 1.45782 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
I'll tell you the exact rebound spot for #EURCADHello friends nice to meet you all hope you have a good day
#EURCAD
When you look at the big picture, It is moving sideways, drawing a BOX pattern.
By looking at the important tail zone in the past wave and calculating the angle of the short-term trend line,
a RED short-term trend line was created.
With the current decline, There will be a rebound near the bottom of the red short-term downtrend line or BOX, and candles will go towards touching the top of the BOX.
EURCAD Trading Plan - 18/Apr/2024Hello Traders,
Hope you all are doing good!!
I expect EURCAD to go Up after completing 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.
DeGRAM | EURCAD rebound from the channel boundaryEURCAD is moving from the lower boundary of the channel.
The chart has pushed off from an important support, forming a double bottom.
The price is testing the dynamic resistance.
We think that the price will continue to rebound to the 50% retracement level.
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EURCAD Trading Plan - 15/Apr/2024Hello Traders,
Hope you all are doing good!!
I expect EURCAD to go Up after completing this correction.
I am biased for taking the recent low once again before giving a bigger correction upside.
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.
EURCAD,🟢Bullish scenario🟢Here is an EURCAD 15-minute chart, as you can see the price had a bullish reaction to the daily FVG, and also the price created lots of buy-side liquidity, so we expect the upward movement.
Now in the 15-minute chart, there is an untouched bullish order block formed below the sell side, liquidity so we expect the price to get support from this order block.
💡Wait for the update!
🗓️15/04/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
DeGRAM | EURCAD the chart broke the channel downEURCAD broke out of the channel.
The chart broke the level of dynamic support, which now acts as resistance.
The price has reached the 62% retracement level.
We think that after the support breakout the price will continue to decline.
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You will short the EUR ... and you will be happy - WEFThe ECB is (once again) on the wrong track:
It is stubbornly sticking to its hawkish view and justifying this with the fact that inflation in the euro area will remain stubbornly "sticky" and will probably not reach the target range of 2% until 2025.
The ECB is wrong (once again), as inflation will hover around 3% as early as December 2023 and reach the 2% target mark in the first half of 2024 at the latest (bullseye!).
The hawks of the ECB are thus adorning themselves with borrowed plumes and will soon (have to) reveal their dovish face.
However, since the strong negative disinflation effects will only take full effect from September onwards and core inflation will definitely remain stable in July and August, the ECB will not abandon its planned interest rate hike in July and the European Central Bank could (unfortunately) also be expected to implement a final rate hike in September.
However, these would not be necessary; on the contrary, they will weigh heavily on the already struggling eurozone economy and force the ECB to revise its GDP growth forecasts downwards soon.
-> Germany is a cautionary, recessionary example here!
-> All these points (stronger than expected falling inflation + ailing economy) will hurt the euro, which makes me see a promising short opportunity in the EURCAD.
I have given a detailed insight into the strength of the Canadian economy in my CADCHF trade idea.
Translated with www.DeepL.com (free version)
EURCAD→ Trade Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . EURCAD long
! Great BUY opportunity EURCAD
I still did my best and this is the most likely count for me at the moment.
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EURCAD : Short Trade , 4hHello traders, we want to check the EURCAD chart. After a downward movement, the price has pulled back to the specified resistance level, which it has reacted to several times in the past. We expect this level to maintain the downward trend of the price and the price will fall to around 1.45800. Good luck.
EUR/CAD 2 Entries +200 Pips 0 Drawdown , New Entry Valid !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 I Long and short opportunity Welcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURCAD - Look for a short ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bearish market structure from 1H timeframe perspective, so I look for a short. I wait price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block.
Like, comment and subscribe to be in touch with my content!
EUR/CAD +110 Pips 0 Drawdown , New Short Entry After D Closure 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 sell the pullbackEURCAD pulling back to the confluence level. Price is making lower lows and lower closes.
The market dropped from this resistance before. It is decelerating while approaching the channel border and the 61.8% fibo golden zone.
We expect a trend down from the confluence.
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EUR/CAD Giving Amazing Bearish P.A ,Time To Sell To Get 200 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 LONG - The Trend is Your Frie..Happy Wednesday Everyone!
Hope you are all well and blessed!
This is a swing trade for the rest of the year - Ideally, I would only like to be buying this pair.
Analysis
12M - Bullish structure & candle stick forming
6M - Still bullish.
3M - March is the last 3rd Candle to complete this candle stick. I'd like to see this push up more so we can start looking around 1.50
1M - This will form a strong bullish candle stick for March.
W - Continuation - Forming a strong weekly Bullish candle
D - Price is currently bouncing on a strong Daily previous resistance - now support line. Continuation after Monday retest on the Daily support line. Tuesday Forming a clear bullish candle stick suggestion continuation. Just have to be cautious of any strong wicks.
No heavy news EU or CAD this week, so this should be a bless trade.
Happy Trading/Investing
Please feel free to share your view
God Bless.
EUR/CAD SHORT from 1.4769The shocking CAD CPI news released an hour ago (CPI missed by .3%) has seen a sustained
period of CAD SELLING and now this BULLISH EUR/CAD strength is faltering as it is across all CAD pairs and we look to be entering a period of SELLING in order to unwind overbought RSI readings.
On the H1 time frame we have a potential double top at WR1 though the second candle has not yet completed and there's every possibility that EUR/CAD BULLS haven't finished with this market and may attempt to send the price higher.
We do have a confirmed SELL signal on the Andean Oscillator and the current H1 candle seems certian to be a doji so there are confirming signs that this pair may be headed south.
With a STOP above the recent high at 1.4774 we can get this trade on with a tight 13 pip STOP and hope that we can get a breakeven stop in the next hour if the price does indeed head south.
This is a soft STOP however and it will be adjusted if we get a burst of buying that threatens the STOP but as this buying would be sending the RSI back into o.b. then I expect SELLERS to eventually push the price back south.
Its by no means a done deal this trade and its always risky trading against the news with CAD being overwhelming BEARISH but buyers are certain to enter this market, its just a question of when.
Hopefully its now.
EURCAD → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . EURCAD long
! Great BUY opportunity EURCAD
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰