Short EURCADThe weekly timeframe as shown signs of weakness since last year .. lucky the D1 pushed it down since yesterday and it moved aggressively today
CADEUR trade ideas
EUR/CAD H1 | Heading into swing-high resistanceEUR/CAD is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.4971 which is a swing-high resistance that aligns close to the 50.0% Fibonacci retracement level.
Stop loss is at 1.5005 which is a level that sits above an overlap resistance.
Take profit is at 1.4887 which is a swing-low support.
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POSSIBLE SELL OPPORTUNITY ON EURCADPrice showing signs of strong momentum. We look for the pullback to take the trade.
EURCAD BIAS : LONG OR SHORT Hello traders. Here on the EURCAD, I'm going to be using two simple concepts i.e Trend following + Valid POI.
Using these we can see that this market is constantly making Swing high points. But here's the twist- we're currently at ta higher timeframe level from which we can see bearish reversal but the rule as trend traders is to trade the trend till it bends. Hence, the possibility of longs out of the POI, ONLY UPON CONFIRMATION.
If we get a break of the bullish structure at that zone, then it's an indication of coming bearish wave to the downside. This means we will not be acting on this analysis until the market gives an extra layer of confirmation .
Stay Reactive.
What do you think ?
Sell to buy eurcadPrice is at heavy support and resistant zone /supply let find entry at lower time frame and sell... Our to is entry again bcos we have demand and qml
POSSIBLE SELL OPPORTUNITY ON EURCADPrice showing signs of strong momentum. We look for the pullback to take the trade.
Falling towards overlap support?EUR/CAD is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 1.48484
1st Support: 1.47518
1st Resistance: 1.49932
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURCAD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of weakness, so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
EURCAD sell setup updateOn our last analysis on EURCAD we are Bearish for the long haul, we were waiting for price to push up till our area of interest to look for selling opportunities to the downside. Price eventulally reached our area of interest after a long wait and we were able to place sell positions and as we can see price is rallying down with us.
GBPCAD ALERT: BIG PULLBACK IMMINENT!GBPCAD ALERT: BIG PULLBACK IMMINENT!
Waiting for:
High sweep
Smart Money Concept Reversal Pattern Confirmation
MARKET IS READY TO MAKE A MOVE!
EURCAD: Weak Market & Bearish Continuation
The analysis of the EURCAD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
❤️ Please, support our work with like & comment! ❤️
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.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Lingrid | EURCAD long from SUPPORT zoneThe price perfectly fulfilled my last idea. It hit the target. FX:EURCAD is showing a sideways trend, with lower highs and higher lows. The price is moving toward the key level of 1.49000 and the edge of a channel. On the 1H chart, the market is forming an ABCD pullback, which often leads to a price reversal after completion. I think we will see short term bullish momentum if the price rejects the support level. The support level has been respected multiple times, and I anticipate that the price will bounce off this support and then retest the downward trendline. My goal is resistance zone around 1.49780
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Bullish bounce off overlap support?EUR/CAD is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 1.48501
1st Support: 1.47502
1st Resistance: 1.50045
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could the price drop from here?EUR/CAD is reacting off the resistance level which is an overlap resistance and could potentially drop from this level to our take profit.
Entry: 1.49824
Why we like it:
There is an overlap resistance level.
Stop loss: 1.5166
Why we like it:
There is a pullback resistance level.
Take profit: 1.4847
Why we like it:
There is an overlap support level that lines up with the 38.2% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURCAD Short SignalAnalysis: Why EURCAD is bearish
1. inversion fair value gap (IFVG):
Price has reached the marked Inversion Fair Value Gap (IFVG) at the 1.49589 area, which serves as a resistance zone. Liquidity is often tapped in such areas before a reversal movement sets in. The decline from the IFVG area indicates that sellers have become active.
2nd Fibonacci retracement level:
The 70.5% level (1.49630) is a significant resistance area. These levels are often used to open short positions, especially when they coincide with other resistance indicators, such as the IFVG in this case.
3rd order block (OB-):
Price has tested a previous bearish order block (OB), which is also in the resistance zone. This area is often used as an entry point for sellers, as many sell orders are collected there.
4. structural reversal:
The recent move into the resistance area shows a clear reaction, indicating a possible reversal to the downtrend. As long as the price does not form significant higher highs, the overall structure remains bearish.
Conclusion:
EURCAD is showing clear signs of a bearish reversal. The IFVG area, Fibonacci resistances and the order block reinforce the case for a short position. A potential target could lie in lower support areas if the price continues to form low highs and lows.
Translated with DeepL.com (free version)
usdjpy and eurcad weekly outlookthis week should be interesting with the holiday coming up, but money can still be made with some price action and patience good luck!
EURCAD Analysis And Next Market MovePair Name = EURCAD
Timeframe = H4
Analysis = technical + fundamentals
Trend = Bearish
Pattern = Rising Wedge
Details :-
EURCAD already rising wedge breakout done and retesting completed. Here we are waiting for small confirmation. After that we will see a good drop in price. We can see drop here UpTo 200 Pips +
CAD is getting stronger that is pushing EUR to down side.
Target:-
1.485
1.480
#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.
EURCAD 23 Dec. 2024Hello my dear friends
As we can see , EURCAD is trading at a demand zone and also broke the downtrend !
We all hear that buy at bottom and sell at the top !
ANDDD we are buying at the bottom !!!
