[EURCAD] Short entry for swing positionI am not used to trade this forex devise but here we can see something interesting on a daily chart.
We are a little bit late on this trade but still good to try again a this point. We will manage the exit closely, the final TP is the most optimitic one.
Great Trade !
CADEUR trade ideas
EURCAD Long Term SellPrice has formed a monthly resistance level which aligns with the 1.18 and 1.27 fib extension. On the weekly timeframe, price never hit the 38.2 fib level. I believe that we are headed for a long term sell if we can break key levels to the downside.
Shorter term sell, I believe we are headed to 1.470XX.
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.
Lingrid | EURCAD Capitalize on SIDEWAYS movementThe price perfectly fulfilled my last idea. It hit the target. FX:EURCAD market is currently moving sideways. On the daily timeframe, the price recently reached a strong resistance zone and then pulled back after creating a double top. Following five consecutive bullish weeks, I believe the market is due for a pullback. I anticipate that the price will reject the resistance zone around 1.49500 and the downward trendline, leading to further sideways movement. My goal is support zone around 1.48800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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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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 ?
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
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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.
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 ⚜️