Eurcadsell
EURCAD - Expect retracement ✅Hello traders!
‼️ This is my perspective on EURCAD .
Here we are bullish from daily perspective, but I expect we could see a retracement as price formed a normal divergence and rejected from institutional big figure 1.46000.
‼️Attention!!! Due to the fact that we have a lot of news events upcoming week, the analysis can be invalidated.
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EUR/CAD :: LONG !!!EUR/CAD :::
The price is in an upward trend and has managed to break the resistance line and has once again returned to this line to stabilize itself .
It is expected to move to the bottom of the channel to correct itself and then continue its upward trend towards the top of the channel .
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EURCAD...SHORT (67 Pips)With the recent rally of a barrel of oil, fundamentally the CAD should rally as well. But the dominance of the Euro has made a bit slower process, Technically, looking out fro a short sell on ECAD to its consolidated price zone on 13th Jan, when price was just trading a around my pivot point at 1.45010.
NB: A clear breakout from the breakout zone (Blue Box Region) will accelerate the process!!!
EURCAD Trading Plan - 12/Jan/2023Hello Traders,
Hope you all are doing good!!
I expect EURCAD to go Down after finishing the current wave.
Here, we are expecting a bigger correction as of now & if we get that, the updated idea will be shared for the next potential trade.
Look for your SELL 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 - Long from bullish orderblock ✅Hello traders!
‼️ This is my analysis of EURCAD.
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect price to continue the retracement to fiil the imbalance lower and then to reject from bullish orderblock.
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All Systems Go Go Sell Sell ??The CAD pairs across the board have been grinding higher recently and are all extremely over extending and a SELL off is to be expected pretty soon.
In my previous idea where I was waiting for a signal on my TRFX KING above 1.40 on a chart ranging from the 8hr to the daily so I could enter a trade no signal has occured on any of these charts yet and price blew straight up through this level
The EURCAD has now entered the Monthly SUPPLY/SELL starting at current price and is slowly grinding higher, you can see buyers are running out of steam and a correction down towards the 1.37500 area is on the cards.
We may get 1 final push up towards 1.45 though I will be entering the first signal on my TRFX king indicator that happens between the 8hr and daily chart this is a great setup.
Again it's simply waiting for the entry signal then all systems go
Should You SELL EURCAD Now ??We have now entered a Weekly SUPPL/SELL zone and approaching the 1.40 level which is a previous strong weekly & monthly support level so will so we will expect some resistance here.
I am now activily looking for SELL signals using my custom indicator on timeframes 4hr to daily the first easy target for this setup if iit occurs is the 1.37 area which is the previous HIGh in the current leg up and a further drop down towards 1.35 could be on the cards as that is a nice Weekly DEMAND/BUY level.
Let's see how we go please booast and comment :)