Get started

Eurcadshort

EURCAD - To short to 1.51500, then long to 1.52800As you can see on the chart, price is currently in a downtrend. Price has been rejected by the resistance line (upper trendline). Therefore, I expect price to first sell to 1.51500 before an uptrend to 1.52800. What do you think? Share your opinion in the comment section.😇 Please support this idea with LIKE👍 if you find it useful.🥳 Follow me to receive more contents like this.🤙 Happy Trading💰🥳🤗 Trading Involves High Risk⚠️ Not Financial Advice💸 Use Proper Risk Management💹 Thank you for your support!💓
Short
by PetrockFxTrading
2
EUR/CAD Multi-Timeframe analysisHi Traders EUR/CAD Multi-Timeframe analysis H1 CHART ( BEARISH ) Waiting for a retracement higher towards the 1.53175 resistance level in order to reinstate SHORT positions. Next important resistance is the 1.53780 level. Support & Resistances 1.52790 1.53175 1.52213 1.53780 1.51227 1.54766 H4 CHART ( BEARISH ) A medium high probability, entry signal to go SHORT was given at 1.53151 after the market found resistance at 1.53804 . Only the upward break of 1.53804 would cancel the bearish scenario. Support & Resistances 1.53120 1.53782 1.52821 1.54414 1.52255 1.54980 DAILY CHART ( NEUTRAL ) The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track. Support & Resistances 1.52666 1.54016 1.50744 1.55924 1.47486 1.57096 WEEKLY CHART ( NEUTRAL ) The market is dominated by uncertainty. The occasionally prevailing trend lasts for a limited time and changes its direction too frequently. As long as the market remains unstable, we stay aside, waiting for the market to get back on track. Support & Resistances 1.52666 1.59912 1.50518 1.62060 1.47707 1.64871
Short
by Avramis
2
EURCAD: The price BACK to its TRENDLINEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/CAD ⚪ Technical Analysis : Since the end of December 2020, the price has been moving creating an interesting symmetrical triangle pattern. On the 20th of January 2021, the level at about 1.52750 rejected the price, ending a strong bearish movement. This level defined our secondary trendline, re-tested during the 5th of february. Few hours ago, the price got a second rejection on the daily support level at about 1.54300 and there is a possibility to see a new re-test of its trendline. 🔴 Conclusion : In the daily chart, the price closed with an interesting bearish pinbar just around its EMA 200 and it could define a possible sign of weakness. In the H4 chart we still have a bullish movement but I'm confident to see an upcoming downtrend, the S/R zone at about 1.54300 is a strong area that rejected the price many times in the past and the price got a rejection just below its ema 200. By the way, I wouldn't get a position right now, instead, I'll be waiting for the price to reach its secondary trendline and then I'll try to understand the price action on that area before planning my short position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
26