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Eurcadshort

EURCAD - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: We are here in bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from bullish order block + institutional big figure 1.46000, as well 0.786 level of FIBO which is discount zone. Fundamental analysis: On Thursday 30th of March we have news events on USD, will be released final GDP for first quarter of 2023. The forecast for GDP is to remain the same as per last quarter, which means we would not have such big moves in market, however we should look for the results in order to validate our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
Getting Ready To SELL On Approach To This Level....This pair has just popped a new HIGH on the Monthly charts and took out a previous MONTHLY SUPPLY SELL zone and looks like it has it's sights set on the 1.50 price level which sits nicely inside a MONTHLY SUPPLY/SELL zone which starts around 1.48 which is marked in red on the chart. Inside the Monthly level sits a nice WEEKLY SUPPLY/SELL also which is around the 1,50 mark this where I expect sellers to come back into the market. I will use my TRFX indicator to start to look for a daily sell signal as price moves above the 1.48 mark target for this trade will be the newly formed DEMAND/BUY level which is around 1.43. This is a great swing trade idea will keep you updated when I get the entry trigger happy trading.
Short
by TheFxAce
EURCADIn the daily time frame, we reached a strong resistance level, and in the lower time frames, we see weakness in the current movement. This weakness can be seen in the negative divergence and we expect to see the price return to the specified area in these areas. By checking the skewness coefficient, we realize that this weakness started from very low areas and became more obvious at the current peak. According to the news on both the euro and the Canadian dollar, it is not unlikely that it will hold for a few hours in this area and it is better to wait for the failure of the red area.
Short
by HamidRamezani1992
Eurcad HNSso i take this trade swing for Daily TF for Short The EURCAD currency pair is showing signs of a possible opportunity to enter shorts. FX:EURCAD This zone has been tested thrice before and also strengthened by the strong trend line resistance at the same level. Key market levels 1.4600-1.4620 have held as resistance in the past and we could see another bearish reaction from this zone. and if we look at the daily time frame, we will see a Head and shoulders pattern. so I am positive for a sell position
Short
by putrabentian11
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