EURCAD ShortEURCAD we broke this small support, waiting for price to pull back a bit so we can get a better entry and sell to a daily support level @ 1.40590
Eurcadshort
EURCAD: Sentiments Are Short-Term Bearish, But... EURCAD has completed corrective wave 4, and if the price breaks the parallel channel C, it may make a new low, which should be impulsive sub-wave 5 of wave (5).
If price breaks down channel C, the following targets for Wave 5 will be 1.4313 - 1.42520 - 1.41652- 1.41156 .
After making wave (5), if the price breaks the B channel, it can go for 1.4645 and start a new 5-wave impulse structure.
Please note that the Breakout of wave (4) indicates a strong bull trend.
If the price breaks the channel without a downward, it indicates truncated 5th.
I will upload intraday chart for further information soon.
EURCAD SetupEURCAD is trading in a bearish parallel channel. It has taken support from base trendline and bulls took control from there. We are expecting bulls further push the price upside.
Trade your levels accordingly.
EURCAD Descending Triangle Pattern#EURCAD Hello trader, I hope are good and safe. Today I opened the chart of #EURCAD for 15 Min and analyzed it then I see that this chart has made a DESCENDING TRIANGLE , So I hope #EURCAD will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
EURCAD shortHey traders, in this week we are monitoring EURCAD for a selling opportunity 1.43 zone. Once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe,
EURCADSHort Sentiments on EURCAD
price wipeout the liquidity by breaking the resistance, currently it's back to the zone again.
wait for retest the level
EURCAD SellThis is my idea on EURCAD
Expecting price to fall from resistance 1.45897, to support zone 1.44598
What do you guys think?
Key level broken and selling opportunity with EURCADH1 time frame.
Structure: The uptrend was broken when the price broke the Key Level at 1.44000.
Wait for the price to retrace to form a retest at 1.44500 and give a sell signal, then you can find a selling opportunity with EURCAD.
The profit target is the 1.43000 and 1.41600 price zone.
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Wish you all have a good trading day!
EURCADCanadian dollar
Benchmark crude oil prices dipped on Wednesday morning, one day after U.S. President Joe Biden announced the release of strategic petroleum reserves to counter rising prices,but even with these updates Cad manage to slight up against a lot of crosses , while Eur will have bad season in winter < am not willing to close these positions its up too you to stick to stop level or not
EUR/CAD SELL OPPOTUNITY Creating.....
IF YOU WANT TO PERFECT SELL ENTRY.THEN YOU CAN
USE SELL STOP @1.42276
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
eurcad: sellIt has a nice downtrend, you can imagine the drop-base-drop setup brush after checking and optimizing the entry point
DYOR
EURCAD SELLHi fellow traders, EURCAD will be ready to sell from the blue box area as the correction is completing. Goodluck!
EURCAD has formed a double top on weekly resistanceHello traders, EURCAD has formed a double top on a weekly resistance with a bearish engulfing pattern. It is highly likely that this instrument will move down from here to continue its downtrend.
EURCAD | Accumulation OR Distribution?EURCAD after being in downtrend, now moving sideways.
It has the potential to go upward or continue downward journey
Two Plans:
Plan 1:
Buy above: 1.44665 (must close)
SL: 1.42935
TP: 1.46036
Plan 2:
Sell below: 1.42935
SL: 1.44665
TP: 1.40731
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EURCAD strongly bearishAccording to the global interest rates EUR is weaker and CAD is stronger.
The pair bounced off the High Of The Year of (18/19/20). It went ahead and broke the quarterly low of mid-2020 which is now our breaker. Price has consolidated the past few months and this month we will be resuming the bearish trend.
Price will continue dropping and our preferred TP should be the Low Of The Year of(16/17/19/20).
Let's keep looking for sell entries.
EURCADBullish Indicators:
Support Zone at 1.42936
Bearish Indicators:
Resistance zone at 1.44824 Fib level 23.60%
Plan A: One can take a long position on the breaking of resistance zone of 1.44824
Plan B: One can take short position on the breaking of support zone of 1.42936.
Fibonacci setupFibonacci setup spotted on EURCAD. Brief pullback on Fibonacci 0.50(golden zone) after downtrend. Hence forecast price could fall after key zone is respected
