EURCAD_ShortEURCAD is currently at a high probability reversal ZONE. We are expecting the pair to move bearish from the current ZONE. This could potentially make a decent return on investment. The trade is supported by a number of technical and fundamental analysis.
Risk vs Reward: 5:1
Good luck!
*Updates to follow!
Eurcadshort
EUR/CAD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
EUR/CAD: Day-Swingtrade-Preparation
Market-Sell: 1.49560
Stop-Loss: 1.50490
Point of Risk-Reduction: 0.71920
Take-Profit: 1.47350
Stop-Loss: 90 pips
Risk: 0,5% -1%
Risk-Reward: 2,50
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
EURCAD: nice intraday short opportunity on 15mHi Traders,
This is my view on this pair for the next few days.
#EURCAD
SELL 1.50195
SL 1.5047
TP 1.4939
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen
** EURCAD ** will it be 2 out of 3 Morning traders, happy Wednesday, hope your all having a good week.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
Strategy Report
OverviewPerformance SummaryList of TradesExport
2010.40 ¥
2.01 %
Net Profit
2
Total Closed Trades
100 %
Percent Profitable
0 ¥
Max Drawdown
1005.20 ¥
1.01 %
Avg Trade
21
Avg # Bars in Trades
EURCAD facing bearish pressure, potential for further downside!Price has just seen a bearish breakout from the ascending trendline support-turned-resistance, and is now holding below the descending trendline resistance. We could potentially see further downside below the 1st resistance, in line with our 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal pullback resistance, towards our 1st support, in line with 78.6% Fibonacci retracement and 100% Fibonacci extension. MACD is also holding below the 0 line, in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURCAD facing bearish pressure, potential for a reversal!Price is holding below the moving average resistance, showing bearish pressure in line with our bearish bias. We could potentially see price reverse at our 1st resistance, which is in line with our 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal pullback resistance, and face further downside towards 1st support, in line with our 50% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EUR/CAD SHORT TRADE......SELL
💹EUR/CAD ⏬SELL @ 1.49853
✅TP # 1.49317
⛔️SL 1.50186
📊 Risk Ratio 1:2 📊
📊 Trade Accuracy 70% 📊
📊 Follow Proper M.M & Use S.L 📊
Hello Traders, here is the short analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied.
EURCAD, 4hr tf, expecting a retracement Price pretty much overextended for EURCAD.
It reached 361.8 fibonacci expansion and then made a shooting star candle.
Overall EURCAD might make another wave to the upside but before that we might see some downwards movement first towards 1.4900 area.
I will try selling EURCAD if it touch 1.5000
Sell EURCAD 1.5000
Stop loss 1.5045
Take profit 1.4900 (2.2R)
Use only 1-2% risk
Good luck
EURCAD > Cypher Pattern Near Structure, For Sells!!I hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you.
Analysis up on #EURCAD
Hello friends.
Similar to my USDCAD we have here Cypher pattern near structure level good for sells, but the thing is we have violated the X leg, I can still trade this if i get a rotation pattern and the market does not close above the X leg
Safe trading everyone
Check today analysis below⠀
>> One trade must not make you, one trade must not break you
_____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
EURCAD - BEARISH BIASEUR - BEARISH
1️⃣ Investors fear that rising COVID-19 cases across Europe and the ongoing restrictive measures and vaccine delays could further hurt economic recovery.
2️⃣ EU leaders insisted during its March summit on the need to urgently accelerate the vaccination campaigns and agreed to keep restrictions in place for the time being, including on non-essential travel.
CAD - BULLISH
1️⃣ In the absence of significant fundamental drivers, the risk-on market environment seems to be making it easier for CAD to find demand.
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TECHNICAL
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- We are shorting this pair on SMA50 area + SBR level + fibo retracement level of 50-61.8% on H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
EURCAD short valid🇪🇺🇨🇦✅Morning traders.
Bank holiday I know but I like this pair so thought heck why not.
The pair in question is EURCAD working the 30M time frame and our strategy says it's time for a short.
The trade is just shy of 1:3 risk reward trade and is well under way.
As with all my idea strategy test data can be found at the bottom of the screen.
The data shown is for year to date performance but I have traded this pair for over a year now with great data stretching back to Jan 2019.
Data is based is on £2000 starting capital risking 1% per trade has seen 27% ROI so far this year.
Having the strategy tester enables me to enter the markets with a proven trading strategy.
I don't recommend jumping on random TradingView ideas as this is no way to build a trading plan or consistency.
Lets see how this one plays out.
For any questions on the strategy in use feel free to drop me any questions.
Thanks for taking the time to read my idea.
Rich.
EURCAD SELL/SHORT till 1.41635Technical Analysis
1. Clear Ascending Triangle has been formed
2. Failed Head & Shoulder (Expect the built momentum above the shoulder at 80% of the Head Size)
3. Huge Bearish Candle Stick (Without forming a candlewick at the bottom also at the top provides us indicators that there'll be a continuation of this momentum)
4. Fibbonacci retracement expected to hit Key Level which is also on 0.618 (Golden Zone)
5. Fibbonacci Expansion simulates the potential growth and limit of the rise of expansion to 1.618 which is also near the point of failed Head & Shoulders take profit level
Take note that the market is also sitting on the trendline of an ascending triangle. So if a candlewick starts forming we could see a possible rise
Expecting the market to form something of a Hammer, Pin or Dragonfly doji to form similar to what I've arrowed and circled