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Eurcadanalysis

EURCAD I Trend line break and now bearishWelcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
3
EURCAD LONG TERM SELLING TRADEHello Traders In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET today EURCAD analysis 👆 🟢This Chart includes_ (EURCAD market update) 🟢What is The Next Opportunity on EURCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Long
by ForexPlanet20
EURCAD TRADE IDEA Long (24/07/2023)The price has already broke structure on the way up, after reacting well from the POI, allowing for the break to occur. For this trade to work out, please wait for the price to tap into the order block - if it doesn't happen, let the trade go. With an RR of 3.41, this is a trade worth taking - even though I'd prefer more. NOTE: This is not financial advice, please do your own research and be aware that any risks are being taken solely by you, the individual.
Long
by saintprincevvs
EURCAD HUGE Potential BEARISH Reversal! - READ ALLWelcome back, fellow traders, to another exciting analysis session! Today, we're going to dive deep into the intriguing world of the EUR/CAD pair and explore the confluences and indicators that are painting a compelling bearish picture on multiple timeframes. Confluence Across Multiple Timeframes As seasoned traders, we know that the key to successful analysis lies in identifying confluences across various timeframes. The EUR/CAD pair has certainly caught our attention, as it exhibits a remarkable alignment of signals across the monthly, weekly, daily, 4-hour, and 1-hour timeframes. This convergence alone suggests that significant market movements could be on the horizon. Breaking the Resistance Barrier One undeniable factor that has our attention is the repeated breaking of bearish resistance levels. Our meticulous analysis has revealed an impressive 10 instances where the EUR/CAD pair has pierced through these resistance barriers. This persistent behavior signals a potential shift in sentiment and an eagerness among sellers to push the pair into lower territories. Support Turned Constriction The concept of consolidation is a fascinating one, especially when we observe that the EUR/CAD pair has broken through previous support levels on not just one or two occasions, but five distinct instances. Such behavior raises eyebrows and prompts us to consider whether this frequent breach of support zones could indeed be a precursor to a larger bearish move. Candlestick Patterns and Their Insights Candlestick patterns are the language of the market, and right now, they're whispering an intriguing narrative. The presence of candlestick patterns that align with a potential bearish trend cannot be overlooked. These visual cues, scattered across the charts, are like breadcrumbs leading us toward the potential future movement of the pair. The Bearish Trendline Ah, the trendline – a trader's trusty companion. Our meticulous chart scrutiny has unveiled a bearish trendline, offering an additional layer of evidence to support our hypothesis. The consistent adherence to this downward-slanting trendline, combined with other confluences, serves as a powerful reminder that the market sentiment might indeed be tilting towards a bearish outlook. Support Tests and Higher Highs It's important to acknowledge that the EUR/CAD pair hasn't shied away from flirting with support levels multiple times. Even in the face of higher highs, the repeated touches on these support zones can't be dismissed. However, the strength of our analysis comes from the holistic view, taking into account the broader context and various indicators. The Holistic Bearish Scenario Drawing all these threads together, a comprehensive picture emerges. The EUR/CAD pair is displaying an array of bearish indicators across multiple dimensions – from the confluences on different timeframes to the persistent breach of bearish resistance and support levels, complemented by the whispers of the candlestick patterns and the guiding trendline. While the market is always full of surprises, our analysis points undeniably towards a possible bearish trajectory. In conclusion, fellow traders, the confluence of evidence we've uncovered cannot be ignored. As always, it's crucial to approach the market with a blend of caution and excitement. While no analysis can predict the future with absolute certainty, the amalgamation of signals we've discussed today should certainly give us pause and prompt us to tread carefully in the EUR/CAD landscape. Happy trading and may the markets be ever in your favor! FX:EURCAD OANDA:EURCAD FOREXCOM:EURCAD PEPPERSTONE:EURCAD EIGHTCAP:EURCAD SAXO:EURCAD CAPITALCOM:EURCAD BLACKBULL:EURCAD ACTIVTRADES:EURCAD EASYMARKETS:EURCAD VANTAGE:EURCAD
Short
by harfi7520