Sell Opportunity EURCAD Wyckoff pattern at play on EURCAD. I would like price to reverse down to 1.45 as we can clearly see price retests resistance after false breakout.
EURCAD.P trade ideas
EURCAD BUY | Idea Trading AnalysisEURCAD is moving under the descending channel
The chart is above the support level, which has already become a reversal point twice.
We expect a rebound after the support is retested.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
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 ⚜️
EUR_CAD RISKY SHORT|
✅EUR_CAD went up to retest a horizontal resistance of 1.4786
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below at 1.4754
SHORT🔥
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EURCAD: Important Demand Zone 🇪🇺🇨🇦
Take a look at an expanding demand zone on EURCAD.
The underlined blue area is based on a recently broken
neckline of a head and shoulders pattern and a trend line of falling channel.
I believe that the next bullish wave may initiate from there.
Next goal - 1.483
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several critical patterns Analysis on EUR/CAD 30m Pattern Formation
- Symmetrical Triangle: The green dotted lines indicate a symmetrical triangle pattern, suggesting potential price consolidation before a breakout.
- Descending Channel: The red dotted lines show a descending channel preceding the triangle, indicating the initial bearish trend.
Volume Profile Analysis
- High Volume Nodes: Higher trading volume is present around the support level near 1.4722, suggesting strong buying interest at this point.
- Low Volume Areas: There is lower volume around the upper resistance levels, indicating less resistance to potential upward movement if a breakout occurs.
Price Action Analysis
1. Top Right (1-Month Candle Chart):
- Trend: The monthly chart indicates a downtrend with recent bearish candles.
- Candlestick Patterns: The last few monthly candles show lower highs and lower lows, suggesting continued bearish sentiment.
2. Mid Right (2-Week Candle Chart):
- Trend: The 2-week chart shows consolidation, with price fluctuating within a narrow range.
- Candlestick Patterns: Mixed red and green candles suggest indecision, but recent candles lean towards a potential bullish breakout.
3. Bottom Right (Weekly Candle Chart):
- Trend: The weekly chart shows a recovery from the recent downtrend, with the price attempting to form higher lows.
- Candlestick Patterns: Recent green candles indicate bullish momentum, although not yet confirmed.
Disclaimer
This analysis is provided for informational purposes only and should not be considered financial advice. Trading financial instruments involves risk, and you should perform your own research and analysis before making any investment decisions. Always consult with a professional financial advisor.
EURCAD bullish ?As from the previous week EURCAD has been bullish and was but before that it was in a bearish trend and that is why we are currently buying because of the trend reversal pattern Head & Shoulder.
The pair has been in a ranging market in a daily timeframe, we have been buying low and selling high. And possibly the market if it respects the analysis it will be making new highs.
EUR/CAD 1D // 02 July 2024 AnalysisLooking at the daily chart on EUR/CAD, we can see that the previous uptrend had been broken.
Currently the price has come back tpo retest the trendline and we can see a good rejection from the trendline as well as the quarter price level of 1.47500.
Good selling opportunity here.
EURCAD BUY SETUPThis is a really good head and shoulder pattern that just formed on the 4hrs, I will be waiting for the retest of the neckline to buy after i get a confirmation. I will be targeting the resistance for TP.
BULLISH EURCADWeekly Double Top Testing Strong Demand Zone
On The 4 HR Time Period We Have A Huge Engulfing Candle Impulse to the upside followed by a beautiful retracement to the 0.5 - 0.618 Fibonacci Zones Im bullish biased on this pair!
Good luck traders and Remember Good Risk Management for the win!!
Eurcad Pumped !Eurcad went crazy on friday as i said it will pump before news i share idea for eurcad for long now its been going crazy
EURCADBounce off demand with stochastic and economic confluence. BOC will hold rates and should continue to see weakness in the CAD unless econ data shows different. My thought is we make a new high from here.
EURCAD - Long after filling the imbalance !!Hello traders!
‼️ This is my perspective on EURCAD
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long position. My point of interest is if price makes a retracement to fill the imbalance lower and then rejects from trendline.
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EURCAD: Confirmed Bullish Reversal?! 🇪🇺🇨🇦
EURCAD broke and closed above a resistance line of a falling
parallel channel and a neck line of an inverted head and shoulders pattern.
It confirms a local bullish reversal on the pair.
The probabilities are high that the market will return to a global bullish trend soon.
Next resistance - 1.483
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EURCAD Longweak fundamentals for the loonie
inverted H/S. Weekly still bullish
first target descending TL around
1.48 after break and retest
of neckline. Next target equal highs
Eurcad Bullish pattern As you can see guys eurcad has broke the 1d trendline and formed three green candles that indicates bullish scenerio we can go long from this level and target will be top of previous high of 1d chart frame
aproaching to supplyhi traders , as you can see structures had been indicated that the price is creating higher highs and higher lows, then creating liquidity to grab while still above supply is the target price, wait for volume to push the price above
EURCAD ShortEC Internal structure is on a pull back phase now we look to push more deep until price mitigate 4h demand zone then we will look to take long position, but for now am riding this short term sell
FOLLOW FOR MORE
EURCAD Testing the 1D MA50. Sell opportunity.The EURCAD pair eventually formed the new Lower High on the 17-month Channel Down as presented on our last analysis (May 27, see chart below) and got rejected:
The rejection extended to as low as the 1D MA200 (orange trend-line) and a short-term rebound has brought the price back to a 1D MA50 (blue trend-line) rejection.
Both previous Bearish Legs declined at least by -3.85%. We expect this 1D MA50 rejection to lead the price to at least Support 1, with our Target being 1.45000 (just above it).
On a side-note, check the high degree of symmetry between the 1D RSI sequences of the Channel's Legs.
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EURCAD Buy to SellWill your ping pong play out?
If price breaks to the potential buy zone, we will look for opportunity to buy. If it breaks to the upside, we are looking for opportunities to sell at the point of intereste
EUR/CAD BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
We are going long on the EUR/CAD with the target of 1.486 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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EUR/CAD Consolidation Watch: Ready for a Breakout!Hey traders, here’s the scoop on EUR/CAD:
⚠️ EUR/CAD is currently showing signs of consolidation after a recent bullish move.
On the 4-hour time frame, we can see that the market is trading within a well-defined range. Here’s the breakdown:
✅ Bullish Scenario:
Entry: Look for a strong breakout above the resistance level at 1.47121. This level has been tested multiple times and a breakout here could indicate a continuation of the bullish trend.
Stop Loss: Place your stop loss just below the recent swing low at around 1.46790 to protect against false breakouts.
Target 1: The first profit target can be set at 1.47487, offering a reasonable risk-reward from the entry point.
Target 2: If momentum continues, look for an extended target around 1.47774.
❌ Bearish Scenario:
Entry: If the price fails to break above 1.47121 and shows signs of reversal, consider entering a short position.
Stop Loss: Place your stop loss just above the resistance level at around 1.47200.
Target 1: The first profit target can be set at the support level of 1.46790.
Target 2: If bearish momentum is strong, look for an extended target around 1.46400.
Key Indicators:
The 21 EMA (yellow line) is acting as dynamic support. A break below this could be an early sign of a bearish move.
The 200 EMA (blue line) is far below the current price, indicating a strong bullish trend overall.
Monitor price action closely near these critical levels for any signs of breakout or reversal, and as always, adjust your strategy based on real-time market conditions. Let’s catch these moves and trade smart! 📈💼
EURCAD LONGHi guys im here again after 2 months, my next trade idea its go long in this pair, good luck
