EURCADIn the EUR/CAD pair, a bearish trend appears evident in the daily timeframe following a symmetrical triangle breakout. The completion of a 61% retracement, coupled with the formation of Elliott's 4th wave, suggests downward momentum. As price action progresses, anticipation of the completion of Elliott's 5th wave reinforces the bearish sentiment, potentially signaling further downside movement. Traders may monitor key support levels for potential entry points in alignment with this bearish outlook.
Eurcadpredictions
EURCAD Short Term Buy IdeaH4 - Bullish trend pattern followed by a pullback.
Most recent downtrend line breakout.
Higher highs.
Expecting short term bullish moves to happen here.
H1 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
EURCAD Next Move Bearish ??Pair : EURCAD ( Euro / Canadian Dollar )
Description :
Rising Wedge in Long Time Frame acting as a Corrective Pattern and Rejecting from the Upper Trend Line
Divergence
Break of Structure
Bearish Channel and Rejection from Upper Trend Line
Completed " wxyx " Corrective Wave
Breakout of S / R Level with Retracement
EURCAD SELL Hello Guys, Happy Sunday trust you are having a Blessed Day, Let’s Focused on EURCAD Sell Movement so Basically I do not have much to say on this analysis but I would probably advise you to save this picture and wait for it to play out before taking a sell because lot of money coming in on EURCAD.
We broke our trend line and price went to a support lvl and what we are Currently waiting on price to reject the support lvl so we can see retest on our fib lvl 0.61 area which is the sell Zone, so let’s wait patiently for trade Confirmation, this would be my last a analysis for the day thanks guys.
EURCAD - Short from bearish orderblock ✅Hello traders!
⁉️This is my analysis on EURCAD .
Here we are in a bearish market structure, so I am looking only for shorts. I expect price to continue the retracement and then to reject from bearish orderblock + institutional mid figure 1.36000. My target is imbalance from 1.32640.
Upcoming week on Friday we have news about Unemployment Rate on CAD, that is forecasted to remain the same percentage, it means strong CAD.
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DeGRAM | EURCAD price angulationEURCAD went down as we predicted in the previous post.
Price action made lower lows and it's retracing back to the resistance level.
Also, price formed price angulation.
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DeGRAM | EURCAD momentumEURCAD is forming an ascending channel.
Notice how price is making sharp upward moves and very shallow pullbacks.
The best level to buy would be at psychological level 1.35000.
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DeGRAM | EURCAD structure level EURCAD is slowing down while approaching a major resistance zone at 1.37500.
Candles are getting smaller, indicating that the price is running out of steam.
We are looking for short opportunities around that zone.
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EURCAD and the probable path: bears are dominant (Elliott)As you may see in my previous analysis on this pair the pair retraced to 38.2 fibo ret. You can see the previous analysis here ( ) The nature of the wave tells us that the move was a corrective one, and now we can see that the market is in hands of bears so we can tell that wave 5 is in progress. For wave 5 we can expect 61.8 ext of wave one to three and based on this fact the path forward to the instrument is drawn.