Enter ShortBased on price behavior and my algorithms, currently we are bouncing off of an order pool and should begin a downward trajectory to the designated profit target.
EURCAD.PRO.OTMS trade ideas
EURCAD - Fibo Retracement TradeOnce again same pattern of pulse->pullback-> Break Fib(0) and retest Fib(0)
XAUUSD and EURCADGold playing out nice and EURCAD still dancing lets see how it will playout during New York
EUR/CAD H4 | Bearish downtrendEUR/CAD is rising towards a resistance zone that is bounded by the descending trendline and Fibonacci retracement levels. It could potentially reverse off this zone to drop lower.
Sell entry is between 1.4650 and 1.4655 which is a resistance zone that is bounded by the descending trendline and Fibonacci retracements at 38.2% and 50.0% levels.
Stop loss is at 1.4690 which is a level that sits above a Fibonacci confluence (the 50% and 61.8% retracement levels) and a pullback resistance.
Take profit is at 1.4579 which is a pullback support.
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EURCAD Sell Setup Is Ready Very Soon Don’t Miss ItAccording to the price condition now it is facing a very strong resistance that forms a celling to it right now and it created a downtrend line with 2 waves and now we are about to create the third wave.
If u used ur fib tool u will see that the price is near the 61% and 71% fib level that’s why i chose to put a sell limit order around 1.46750.
I also chose 50 pips to be my stop loss as if the price came above 78% fib level and closed with a daily candlestick it means for me that the price will continua rallying up and the downtrend will end. And for the take profit i prefered to take around 250 pips.
Hope u guys make good profits with me and if u entered with me are u agree write to me in the comments.
Going Short here based on my algos showing a trend change.
Initiating a short position based on algorithmic trading signals.
EURCAD sell
4h + 1h + 15m sideways
15m bearish order block
Expect the price to retrace to the range equilibrium.
EURCAD NEW BEARISH IMPULSEHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
EURCAD NEW BEARISH IMPULSE. 📚
👉As we can see price is trading inside this falling channel, making clean lower lows and lower highs.
👉Then we are interested in looking for new bearish movements, Meanwhile, from an Edge over the market, we need from the price to be approaching our marked zone which will be lining with our falling trendline and our marked resistance zone.
👉As per my trading plan, I will be zooming into lower time frame to be looking for any bearish reversal pattern, catching the next impulse wave as a trend-following one.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
EURCAD Sells IdeaWaiting for price to retest 1.46349 and Sells after confirmations.
or
Waiting to cross price 1.46204 and Sells after confirmations.
EURCAD likely to move downwardsEURCAD is following a downward trendline which it has respected severally. It has now retested it again and seems likely to continue downwards to around 1.45870 or beyond.
Euro/CAD Possible MoveThe Euro/Cad pair has recently completed a Gartley harmonic pattern and is currently showing bullish momentum. If the price breaks out of the pennant formation to the upside, we could potentially see the formation of an AB=CD pattern.
Accumulation completeFrom the 1.4551 level we could see buyers coming into the market, but not all entered so the market returned to the area acculating its buy orders.
We recently broke structure at 1.46009 level, this confirms that the orders are all filled. We are looking to reach 1.47604 level as target!!
EURCAD (2 Scenarios)Depending on how structure stabilizes, we have two different scenarios for buys.
eurcad long trade setupeurcad long trade setup
* a stop hunt occured
* 1h/ displacement after red news folder
* we have failure swings on the left ( low resistance liquidity run )
* we are on the mean thrushold of a daily ob+
2RR
not a trading advice !!!
EURCAD Gartley222Nice looking Gartley 222 respecting well the textbook Fib levels. Not exactly with the trend hence the longer target better be the closest top and not further as the chance of getting a 161% extension is not that great.
At 1 to 1 or at the 61% Fib retracement put stop to entry.
Bulkowski has an interesting article about bullish Gartleys quoting that the hit rate of the target at the A point (where we have the longer-term target) is 45%. I am not saying it is exactly our hit rate, but if you have 1 to 3 RR up to there even with 30% hit rate you are all set.
We are playing poker here, not chess - be mindful of the odds.
EURCAD LongMarket Structure Bullish on HTF
Weekly Rejection at AOI
Weekly and Daily Around Same AOI
Previous indecision candle on the Weekly
Rejection at Daily AOI
Previous Daily Structure Point
H4 Rejection at AOI
REMEMBER: Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Stay Hydrated
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EURCADthe 4h chart, waiting to see if the demand holds and we get a rejection from the trend line for a buy back up to the supply.
Potential upside move in EURCADOANDA:EURCAD is showing potential reversal from current zone. It is currently trading in potential reversal zone of XABCD butterfly pattern along with ascending trendline retest and bullish divergence confluence. These evidences suggest a potential up move in EURCAD from here. We can look for buying setups.
EURCAD Low Risk Pair to Trade This WeekSo I've been getting some questions from some of my students and followers regarding what are some low risk pairs to trade this week.
The first thing I like to do when deciding on which pair to trade is find the pair that is primarily consolidating on larger timeframes such as the daily.
After spotting a consolidating pair, I then want to decide which side I should only enable with my EAs and Bots. In this example, since we are approaching support with little economic data on the agenda this week, I'm only interested in enabling the long side.
When I say enable the side long, I mean enable just the buy side with my EAs that trade in a grid technique, where it will trade micro lots and continue adding if the pair continues to trade against me. By trading micro lots relative to the account balance, I can afford not to use stop loses and look to add hundreds of positions if needed and I'll still be in a good position.
Hope that all makes sense.
That's it - That's all
Trade Safe
EURCAD: Bullish Continuation & Long Signal
EURCAD
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long EURCAD
Entry - 1.4607
Sl - 1.4577
Tp - 1.4662
Our Risk - 1%
Start protection of your profits from lower levels
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EURCAD Will Explode! BUY!
My dear friends,
Please, find my technical outlook for EURCAD below:
The instrument tests an important psychological level 1.4643
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.4696
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURCAD ____ INCOMING BULLISH MOVEHello Guys,
So there's not so much clarity on the 3M timeframe, however, on the monthly chart, there is a clear W pattern that should lead to a bullish impulse move. There is also an unmitigated continuation order block I would like to trade off from.
Dropping into the weekly timeframe, there is a clear shift in market structure, and inducement of early buyers, an unmitigated demand orderblock that aligns with the monthly order block, and lastly, buy-side liquidity which is just under a clear Fair Value Gap (as seen on the daily chart).
You can keep this on your radar to see how it develops.
Follow for more updates.
Cheers,
Jabari
