Get started

Eurcadshort

EURCAD BUY| Idea Trading AnalysisEURCAD is moving in an ascending channel. The chart broke through the dynamic resistance, which now acts as support. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Long
by TheGrove
1
#EURCAD 2HEURCAD (2H Timeframe) Analysis Market Structure: Channel Pattern: The price is moving within a defined channel, respecting both support and resistance levels. Currently, it is near the upper boundary of the channel, signaling potential resistance. Bearish Engulfing Area: A bearish engulfing candlestick pattern has appeared near the resistance zone, indicating possible selling pressure. Forecast: Sell Opportunity: The price is positioned at the channel resistance with bearish candlestick confirmation, suggesting a potential downward move within the channel. Key Levels to Watch: Entry Zone: Near the upper boundary of the channel or at the bearish engulfing area. Risk Management: Stop Loss: Placed above the channel resistance or engulfing candle high to protect against invalidation. Take Profit Zones: Target the midline or lower boundary of the channel as potential downside levels. Market Sentiment: Bearish Outlook: Sellers are likely to dominate as long as the price remains below the resistance area, maintaining a downward channel trend.
Short
by PIPSFIGHTER
1
EURCAD BUY | Idea Trading AnalysisEURCAD is moving in an UP trend channel. The chart broke through the dynamic Resistance line.. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURCAD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
3
#EURCAD 4HEURCAD 4-Hour Analysis The EURCAD pair has formed an ascending triangle pattern on the 4-hour chart, but the price has broken down below the triangle's trendline support. This breakdown signals potential bearish momentum, making it a viable sell opportunity. Technical Outlook: Pattern: Ascending Triangle and Breakdown Trendline Support Forecast: Bearish (Sell Opportunity) Entry Strategy: Enter a sell position following confirmation of bearish momentum, such as a retest of the broken support acting as resistance or continuation of lower highs. Traders should look for additional confirmation through bearish candlestick patterns and supporting indicators like RSI or MACD. Proper risk management is crucial, with stop-loss orders placed above the retest level and profit targets set at the next key support zones.
Short
by PIPSFIGHTER
EURCAD Resistance , All eyes on SellingHello Traders In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET today NZDCAD analysis 👆 🟢This Chart includes_ (NZDCAD market update) 🟢What is The Next Opportunity on NZDCAD 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 ForexMasters2000
1
EURCAD is in a Bullish Pattern After Testing daily SupportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD 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 ForexMasters2000
EURCAD shortMy favorite 200dma stands on guard as I attempt to short this down to the next support. This is not a trade recommendation, it is merely my own analysis. If you decide to trade this, you should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista
EURCAD is in a Bullish Pattern After Testing daily Support Hello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD 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 ForexMasters2000
EURCAD: Bearish Momentum in PlayHello Traders, Trust trading has been awesome for you. Please find below my analysis of the EURCAD currency pair from H4 perspective. Trend & Sentiment The pair remains bearish, forming lower highs and lows. Sellers maintain control, though the current consolidation suggests temporary indecision, even though price is facing resistance around the 1.48591. Key Levels: Resistance: 1.48591 Support: 1.47211 Possible Movement A break below the equilibrium at 1.47993 could accelerate bearish momentum toward 1.47211 and 1.45831. A short-term pullback to the resistance at 1.48591 is possible (as we saw the buyers temporarily pushed above this region and closed back below it) but likely to face renewed selling pressure. Short-Term Target: 1.47800 Medium-Term Target: 1.47211 Long-Term Target: 1.45831. This trade may last from now till 22nd November or beyond to fully unfold. Conclusion The bias remains bearish, with a focus on the downside targets unless the price breaks above 1.48898 to challenge the trend. Cheers and happy trading!
Short
by Samuel124
Sell EUR/CAD Bearish ChannelThe EUR/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.4908, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.4866 2nd Support – 1.4834 Stop-Loss: To manage risk, place a stop-loss order above 1.4940. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
3
EURCAD SELL TF D1 TP = 1.4616On the D1 chart the trend started on Aug. 22. (linear regression channel). There is a high probability of profit taking. Possible take profit level is 1.4616 This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.” Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, WeBelievelnTrading
Short
by WeBelieveInTrading
1
The EUR/CAD 1-hour chart shows a clear bullish trend The EUR/CAD 1-hour chart shows a clear bullish trend within an upward-sloping channel, with prices bouncing off support near the 1.4900 level. The pair recently broke above the channel's midline and is heading towards the upper boundary around 1.5100. This suggests the potential for further upside in the near term, with the current price action maintaining support at higher lows. Key points to watch: - Support: 1.4900 (bottom of the channel). - Resistance: 1.5100 (top of the channel). - A breakout above the upper boundary could signal strong bullish momentum, while a rejection could lead to a retracement back to the midline or lower channel support. This setup offers a potential trading opportunity depending on confirmation of the next move. Monitor price action and volume to confirm the breakout or reversal.
Short
by THE-10
1
The EUR/CAD Daily Chart shows trading within a rising channelThe EUR/CAD Daily Chart shows trading within a rising channel structure since early 2023, with the price respecting the upper and lower boundaries of this trend. Currently, the price is bouncing from a key support zone near 1.49, which aligns with the lower boundary of the rising channel. - Key resistance is around the 1.512 area, where the price has repeatedly faced selling pressure. - A breakout above this resistance could push EUR/CAD towards the channel's upper limit near 1.53. - However, if bearish momentum continues, the price may retest the lower channel support around 1.48-1.475. This technical setup suggests a balanced risk-to-reward ratio, with traders awaiting either a breakout or a rejection at key levels. It's a good time to monitor this pair for potential directional confirmation.
Short
by THE-10
#EURCAD 1DAY#EURCAD 1-Day Forecast Sell based on a Channel Pattern On the daily chart for #EURCAD, the price is moving within a clearly defined **descending or horizontal channel**, signaling a potential **sell opportunity**. The price has been respecting both support and resistance levels, forming a continuous trend inside the channel, with a bearish bias dominating the market. Key Insights: 1. Channel Pattern: - The price is fluctuating within a descending or sideways channel, where it repeatedly bounces between resistance and support levels. - The upper resistance line of the channel is holding firm, acting as a ceiling for the price, while the lower support line limits declines. 2. Sell Scenario: - With the price near the upper resistance of the channel, this is an ideal point for a sell entry, expecting the price to reverse and move toward the lower support. - Confirmation for selling can come from bearish price action (e.g., bearish candlesticks or rejection at resistance), indicating that sellers are regaining control. 3. Trend Continuation: - The overall market bias is bearish, as evidenced by the lower highs and lower lows within the channel. As long as the channel holds, the price is likely to continue this pattern, making selling on rallies an optimal strategy. 4. Volume Confirmation: Monitor volume for confirmation. A rise in selling volume as the price nears resistance would strengthen the bearish outlook, while low volume near the support could suggest a lack of momentum for further declines. 5. Stop-Loss Considerations: - For a sell position, place a stop-loss slightly above the resistance level of the channel, as a breakout above resistance would invalidate the sell setup and suggest a potential reversal to the upside. Trading Strategy: Entry: Enter sell positions near the upper resistance level of the channel, anticipating the price to move downward toward the lower support. Take Profit: Set take-profit targets near the lower support zone of the channel, where the price may bounce or consolidate. Stop Loss: Place a stop loss above the channel's resistance line to manage risk in case of an unexpected breakout. This analysis indicates that #EURCAD is currently in a **sell position** on the 1-day timeframe, especially as it nears the resistance of the descending or horizontal channel. Traders should aim for downward movement while managing risk carefully with proper stop-loss levels.
Short
by PIPSFIGHTER
1
#EURCAD 1DAYThe EUR/CAD pair on the 1-day chart is approaching a key support level that could potentially signal two scenarios depending on price action. Here's a description for both scenarios: Bullish Scenario (Buy Support Bounce): Pattern & Support: The EUR/CAD pair has been trading within a range, and the price is nearing a strong support level that has been tested multiple times in the past. This level could serve as a potential bounce zone if buying pressure reemerges. Forecast: If the price shows signs of rejection at this support (such as bullish candlestick patterns like a pin bar, engulfing pattern, or increased buying volume), it suggests a reversal and potential upside movement. Traders may look to enter long positions with the expectation of a bounce from this support level. A target could be set at recent resistance levels or Fibonacci retracement points. Bearish Scenario (Sell Support Breakdown): Pattern & Support: If the price fails to hold above the support level and breaks below it with strong momentum, this could signal a bearish continuation. Forecast:A break and close below the support level, especially with increased selling volume, could trigger a downside move. In this case, traders might look for short opportunities, anticipating further declines. The next potential targets would be lower support zones or previous swing lows. In either scenario, traders should monitor volume, momentum indicators (like RSI or MACD), and price action closely to confirm their trade direction.
by PIPSFIGHTER