EURCADa huge spike and a consolidation, v-formation and break out. starting at this point a tp of 2 is likely to happen
EURCAD trade ideas
Buy EUR/CAD Bullish ChannelThe EUR/CAD pair on the M30 timeframe presents a potential Buying opportunity due to a a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 1.4795, This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.4874
2nd Support – 1.4912
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Best Regards, KABHI FOREX TRADING
Thank you.
EURCAD Strong medium-term buy opportunity.The EURCAD pair gave us an excellent sell signal last time (September 12, see chart below) that easily hit our 1.46550 Target:
This time we have a confirmed bottom just a week ago on the 0.786 Channel Fibonacci level, similar to the June 08 2023 bottom, both accompanied by a 1D MACD Bullish Cross.
As a result, we turn bullish on this pair targeting 1.5000, which is just below the 0.236 Channel Fib, similar to the July 18 2023 High.
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Is the EURCAD Setting Up for a BUY Opportunity?👀 👉 The EURCAD has made an impressive move off a key support level, showing strong momentum as it approaches previous highs. The question remains—what’s next? I’m closely monitoring for a potential buy setup, specifically if the pair retraces to the critical 50% Fibonacci level. At that point, I’ll be looking for a clear bullish shift in market structure to confirm a high-probability entry. Patience is key here, as waiting for confirmation can make all the difference in achieving consistent results. 📢 Disclaimer: This content is for educational purposes only and is not financial advice.
EURCAD EURCAD has cleared liquidity at the 1.45846 level while trading within a channel. The pair has now brokern out of the channel, signaling bullish momentum and is targeting the liquidity above. This breakout indicates potential continuation of the uptrend with buyers aimung to captalise on the move towards higher liquidity zones.
eurcadAccording to the strategy I used, eurcad fulfilled all the rules and I set the SL to be 20pips and the TP to be 30 pips.
EUR/CAD SELL ENTRY LOOK HEREIn one day time frame price is at supply zone a good area to sell the market.at the moment all we can do is to wait for price to confirm that now it's good time to sell,By waiting for price to break our previous high low,then we can start to look for sell entry after a pullback complete.follow for more have a good day.
EURCAD: Bulls Will Push
The analysis of the EURCAD chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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Heading into overlap resistance?EUR/CAD is rising towards the resistance level which is an overlap resistance that is slightly below the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.48814
Why we like it:
There is an overlap resistance level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 1.49977
Why we like it:
There is an overlap resistance level that aligns with the 127.2% Fibonacci extension.
Take profit: 1.47138
Why we like it:
There is a pullback support level that lines up with the 38.2% Fibonacci retracement.
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EURCAD - The Perfect Flat Correction. 700pip Move Coming!EURCAD is in a nice 335 Flat Correction.
Wave A = 3 waves
Wave B = 3 waves
Wave C = 5 waves.
Wave C
We are currently in wave C (5 waves). We have seen wave 1, which was a leading diagonal. Wave 2 was a simple abc correction.
Wave 3 a strong bearish impulsive move.
We are now in wave 4.
It's important to note wave C can follow either an ending diagonal format or an impulsive schematic format. In the latter format, wave 4 cannot go beyond wave 1 completion, making our invalidation level 1.48725 for a risk entry.
Trade Idea:
- Look for an entry with with stops above 1.48725 (Small stops needed)
- Hold position to 1.416 (700pips)
If we break above 1.48725, it means wave C is in an ending diagonal format. If this happens, we can look for a lower timeframe trendline break or BOS.
See below for our last setup:
EURCAD 4H - Entry on break of risk trendline for a more confirmed entry
Goodluck and as always, trade safe!
EURCADShorts look good from this daily supply zone. We grabbed liquidity from the previous 4h high and got an entry signal. So I think we could see a nice move down to the equal lows for a 1:3 rr
Do You Trade Gaps? Here's What You Need to Know!📈 Trading gaps can provide some of the most reliable opportunities in the market—if you know how to handle them.
🔍 What is a gap?
A gap occurs when the price "jumps" between two levels, leaving an empty space on the chart. Gaps usually reflect strong market sentiment, news, or low liquidity during off-hours.
💡 Key points to consider:
1️⃣ Types of Gaps:
Breakaway Gap: Signals a new trend.
Continuation Gap: Often occurs mid-trend.
Exhaustion Gap: Marks the end of a trend.
2️⃣ How to Trade Them:
Identify if the gap is likely to fill or expand.
Use support and resistance around the gap.
Always keep an eye on volume—low volume could mean a false move.
3️⃣ Risk Management:
Gaps can be volatile! Use tight stop-losses and wait for confirmation before entering.
What’s your favorite strategy for trading gaps? Let’s discuss below! 👇
Tarrif tension is over. Buyers are backPrice got at a discount value with a confirmation of buyers entering the trade.
A Bearish OpportunityThe market has been forming a series of higher highs and higher lows, but with weaker broken highs. An hourly liquidity sweep led to a swift bearish movement, clearing the swing low at 1.47490. Anticipating a flip to level 1.48000 for a bearish entry.
Trade Plan:
- Entry: 1.48000
- Stop Loss: 1.48500 (50 pips)
- Target: 1.45912 (over 200 pips)
- Risk-Reward Ratio:
Market Analysis:
- Market structure: Higher highs and higher lows, with weaker broken highs
- Liquidity sweep: Hourly sweep led to a swift bearish movement
- Swing low: 1.47490
EUR/CAD Daily AnalysisAfter breaking through horizontal support/resistance at 1.4900, price was faced with the rising trendline originating in February.
After a pullback and retest of the 1.4900 zone, we have now seen an impulsive drop in price, closing below the trendline.
Tuesday saw a retest of the trendline and a rejection, however with the daily candle having a bullish close, we wait to see if sellers can break the low for a further drop in price.
EURCADThe potential sell scenario for the pair this week:
The pair is to be monitored as it approaches the designated sell zones on the chart.
EURCAD Short updatePrice ended up ripping through the other supply zones I had marked up and stopped at the daily supply zone and is now having a perfect rejection from it
EURCAD ViEW!!Deutsche Bank has released a matrix of potential market reactions to various US election scenarios, while admitting that its own team is divided and the reactions are highly uncertain.
"We see the most bullish dollar outcome as a red sweep and the most bearish dollar outcome on a blue sweep, but the magnitude of the moves is likely larger in the former," the report says. "We see short EUR/CAD and long MXN/ZAR as the two most asymmetric trades in FX heading in to the election."
EURCAD short positionTechnical Analysis: The pair recently reversed from a resistance level of 1.4885 and is likely to fall to the support level of 1.4750.
DayEURCAD pairs day time frame is indicating that it will form a reversal pattern, two strong resistance zones have been formed and a strong support zone has also been formed, this is my original opinion
Resistance 1.48600--1.49500
Support 1.44700
Bullish rise?EUR/CAD is falling towards the pivot and could bounce to the 1st resistance which is an overlap resistance.
Pivot: 1.4712
1st Support: 1.4708
1st Resistance: 1.5008
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Overlap resistance ahead?EUR/CAD is rising towards the resistance level which is an overlap resistance that is slightly below the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.48814
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.5078
Why we like it:
There is a pullback resistance level that lines up with the 88% Fibonacci retracement.
Take profit: 1.45564
Why we like it:
There is a pullback support level.
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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.
