EURCAD - Short TradePrice is in bearish trend printing lower highs and lower lows.
No bullish divergence is formed.
Entry is at CMP.
SL is above previous LH.
EURCAD trade ideas
EUR/CAD Bearish AnalysisEUR/CAD Bearish Analysis.
Price is in a downward channel and creating LLs and LHs, I am expecting price to create LH at the .886 level at approximately 1.4919 and taking this to create another LL which may end the bearish movement and beginning of a HL on a larger TF.
IF the price breaks above the previous high then it is invalidated which could signal the beginning of a bullish movement, hence the tight SL and the 1:12+ RR.
EURCAD Falling Wedge Breakout and Support Bounce EURCAD is currently trading at 1.484, with a target price of 1.505, indicating a potential gain of over 200 pips. The analysis is based on a support and resistance strategy, highlighting a key level of support where the price has recently bounced. A falling wedge breakout has already occurred, signaling a bullish reversal pattern. This breakout suggests increased buying momentum as the price moves away from the support. The support level appears to be holding strongly, reinforcing the likelihood of upward movement. Traders are targeting the next resistance zone near 1.505 as the projected price. The setup reflects a well-defined risk-to-reward ratio, favoring long positions. Monitoring price action at key levels is crucial to confirm the trend. Overall, the pair shows strong bullish potential based on technical patterns and market dynamics.
Lingrid | EURCAD shorting OPPORTUNITY at the KEY zoneThe price perfectly fulfilled my last idea. It hit the target. FX:EURCAD is forming ABCD move on the 4H timeframe. The price dropped from this area and it might act as key resistance. If the market manages to push higher toward the 1.48500 level or even above, it could be a opportunity to short alongside the bearish trend by a liquidity grab, where the market takes out stops and attracts sellers before reversing. If price shows signs of rejection at these higher levels—especially if we see bearish pinbar or other confirmation signals—there is a strong possibility of a significant bearish move following that rejection. My goal is support zone around 1.47910
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EURCAD: Bullish Outlook ExplainedEURCAD formed a significant bullish pattern known as a cup and handle on the 4-hour timeframe.
A break above the horizontal neckline of this pattern is a reliable signal for a bullish trend.
It is highly likely that the market will continue to increase in the upcoming week, with targets set at 1.4854 and 1.4880.
EURCAD 17 Jan 2025Bearish sentiments on the EURCAD, waiting to see if price can come up to the premium levels before we could short the market.
EUR/CAD AnalysisI think EUR/CAD will go down from the 30-minute Oder Block.
You guys can short it from here by managing your risk.
Eurcad Bearish seems a good swing trade here
opertunities all conditions met so our 1st trade will be a great trade
and 2nd trade shall observe
EURCAD - BearishEURCAD is Bearish and retraced to 0.618 Fib level. Taking short entry at current price
EURCAD Bearish ContinuationEURCAD price seems to exhibit signs of overall Bearish momentum as the price action may form a credible Lower High on key Fibonacci levels which presents us with a potential short opportunity.
Trade Plan :
Entry @ 1.484
Stop Loss @ 1.4982
TP 1 @ 1.4698
TP 2 @ 1.4556
Move Stop Loss to Break Even if TP1 hits.
EUR/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
The BB upper band is nearby so EUR-CAD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.472.
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EURCAD Short1)Trend defined. 4h Downtrend.
2)Contradictory limit order entry. At the lower extreme of 1h consolidation.
3)Default loss. Above the zone.
4)Default target level. 4.1.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
EUR/CAD - Long Trade Idea.High Probability Setup for a Long Position (In my opinion)
Currently we have been in a solid Bearish Trend since Christmas, price has been forming Lower Lows suggesting Sell positions have been preferred.
On the HTF we see we are currently Bullish and that price is actually currently in a Long Term Pullback stage. To back this statement up at the end of November price had a very large movement to the downside creating a Strong Low. Price begegging of December then pushed back up filling the Imbalances and taking out Liquidity but we did NOT break the previous high.
Although price is below current EMA lines on the Daily Time frame I do believe we will see a large push to the Upside taking out previous Liquidity on this current Bearish Trend. To confirm I would like to see this as a Breakout trade. We have a Trend line on this chart to help us identify a breakout and we can look for Long positions once price actions takes out the most recent 4HR Strong High.
Pink POI level that is on this chart is suggesting an area I have marked to suggest where price likes to respect. This will be the level I look for my long positions after price breaks out of this Bearish Trend.
Bullish Pressure will be starting to show over the course of the next few days suggested by a Large Engulfing Candle Stick and MacD showing us a Bullish Histogram.
EURCAD Bearish Market InsightTechnical Analysis
FX:EURCAD
Upon examining the candlestick patterns, we observe that the bearish candles are notably stronger and longer than the bullish ones. This signifies a dominant bearish presence in the market.
Additionally, the price has touched the trendline for the third time, confirming a sustained downward movement.
Key zones are being broken, and the subsequent retest candles appear weak. To capitalize on this trend, it is advisable to wait for the price to retrace to 1.47735 before adding more sell positions.
Trade Targets
First Target: 1.46298
Second Target: 1.45634
Risk Management
It is recommended to allocate no more than 1% of your portfolio to this trade. Ensure strict adherence to a robust risk management strategy.
Disclaimer
This analysis is solely for educational purposes and should not be considered financial advice. Always conduct your own research and consult with a professional before making trading decisions.
#XAUUSD #GBPUSD #EURUSD #BTCUSD
EURCAD BEARISH ANALYSISTechnical Analysis
FX:EURCAD
Upon examining the candlestick patterns, we observe that the bearish candles are notably stronger and longer than the bullish ones. This signifies a dominant bearish presence in the market.
Additionally, the price has touched the trendline for the third time, confirming a sustained downward movement.
Key zones are being broken, and the subsequent retest candles appear weak. To capitalize on this trend, it is advisable to wait for the price to retrace to 1.47735 before adding more sell positions, as shown with the red arrow
Trade Targets
First Target: 1.46298
Second Target: 1.45634
Risk Management
It is recommended to allocate no more than 1% of your portfolio to this trade. Ensure strict adherence to a robust risk management strategy.
Disclaimer
This analysis is solely for educational purposes and should not be considered financial advice. Always conduct your own research and consult with a professional before making trading decisions.
#GOLD #BTCUSD #GBPUSD #EURUSD
#EURCAD
EURCAD ChartThere is Bearish trend, no any divergence on RSI. Price is Sync with RSI. On LH there is Inverted Hammer along with bearish Engulfing Candle. Instant sell on CMP and SL should on previous LH.
EURCAD - Look for a short !!Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. Price almost filled the imbalance and formed hidden divergence for sell.
On H1 we have regular divergence in waves, short after BOS
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EURCAD | 15.01.2025SELL 1.47840 | STOP 1.48650 | TAKE 1.47000 | Technically, the pair continues to move down on the chart. We are seeing a correction of the downward movement. It is recommended to open short positions at the current price with a target at the levels of previous minimums.
EURCAD Is Bearish! Short!
Take a look at our analysis for EURCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.478.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.461 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURCAD IdeaEURCAD has formed:
- on H4 timeframe: has formed a descending channel in red and now its retesting it on or the third touch so we're searching for a short (sell) trade on a lower timeframe
- on M30 timeframe as you all can see it formed an ascending trendline in blue with more than 3 touches so we can consider it as a valid trendline so we're waiting for a M3o candle to close below the last touch so we enter a short (sell) trade
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