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
Eurcadsell
EURCAD - Long active ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect bullish price action from here as price filled the imbalance and rejected from that zone. As well we could see price to go a little bit lower and then to reject from bullish order block, so SL is below OB.
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Approaching Key Resistance Sell Off Towards 1.43 Next ??Looking to SELL this pair on a final push up towards 1.51 here's why.
This level is very strong Weekly & Monthly resistance level and is the top of a sideways range that has been in play since 2021 each it has come to the top of this range there has been a strong reaction see the daily chart image below.
Price managed to push above 1.50 on Monday before selling off slightly the last couple of days buyers have again entered the market today, I expect one final push up to 1.51 before selling off.
The plan for this setup is very simple wait for price to rally back above 1.50 towards 1.51 monitor the lower timeframes look for evidence of slowing momentum with sideways price movements or MACD divergence signals.
If this price action is happening then I will simply enter a sell setup target for this setup is the bottom of the range seen in the daily chart above around 1.43.
If we do not see the final push back above 1.50 towards 1.50 then I will wait for the first pull back and use my TRFX indicator for signals on the 4hr to daily charts to get in on this move.
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EURCAD - Long from bullish order block Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I wait price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental news: Next week on Tuesday will be released monthly CPI, if the result is negative, it will support our analysis.
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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
EURCADAs the price approaches the Quantitative Median Line (QML) area, there is an expectation that it may experience a downward movement. This anticipation is based on the analysis of quantitative data and market trends. If you share this viewpoint or find this analysis plausible, your support can be expressed by liking or endorsing this statement. The concept here is that a collective show of support through likes indicates agreement or acknowledgment of the predicted price movement within the QML area.
EURCAD - Bearish price action ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: As we can see here from the chart that price change the character and started to make lower lows and lower highs, so I expect we could see bearish price action after price filled perfectly imbalance from M30 timeframe.
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EURCAD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.46000.
Fundamental analysis: Next week on Tuesday and Friday we have news on CAD, will be released monthly GDP and Unemployment Rate. Pay attention to the results in order to validate the analysis.
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EURCAD ShortOANDA:EURCAD
The probability of a potential bearish trend for the EURCAD currency pair is rising as the current price has reached the daily trend line. However, based on the historical trend analysis, a slight upward price movement may occur before the bearish trend begins. Therefore, the price is expected to gradually decrease to specific levels as the bearish trend persists.
EURCAD SELL | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURCAD
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EURCAD ShortOANDA:EURCAD
Looking at the current market situation, the price has recently hit the daily zone and formed a descending triangle pattern. Based on my analysis, I anticipate that the price movement will reach the upper boundary of the triangle and then experience a drop toward certain pre-defined levels.
EURCAD : Short Trade , 4hHello traders, we want to check the EURCAD chart. The price is moving in a downward trend and has pulled back to the indicated key level. We expect this level to play the role of a resistance level and maintain the downward trend of the price and the price will fall to around 1.43300. Good luck.
EURCAD Trade IdeaThe EURCAD has currently reached a pivotal support level following a significant downtrend. It is evident that the price has become over-extended, signaling a potential retracement in the near future. Our trading strategy entails establishing a short position should the price retrace into our predefined selling zone. I adhere to a prudent approach when determining position sizes, typically allotting approximately 0.2% of my account balance to each trade, with a maximum exposure of 2% at any given time. It is essential to emphasize that this information should not be construed as financial advice, as trading carries inherent risks. Emphasizing the implementation of robust risk management techniques is of paramount importance.
Bearish Outlook: EurCad's Potential 500 Pip Drop AheadSince the beginning of 2023, EurCad's price has been trading above 1.4250, a level that became a very important line in the sand, with a test in January, February, and back in June,
Recently, the price came back to this level and after only one day of consolidation, yesterday broke under.
This is a very important break for the pair and opens the door for further losses.
As we can see from the chart, yet another important break happened at the beginning of the month- The ascending trend line support- and also the price action from the past 12 months resembles an H&S.
All in all, I expect a drop of around 500 pips in the coming months and a positional trader could take advantage of such a trade.