Heading into pullback resistance?EUR/CAD is rising towards the pivot and could reverse to the 1st support.
Pivot: 1.48819
1st Support: 1.47444
1st Resistance: 1.49827
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EURCAD trade ideas
EUR/CAD BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are now examining the EUR/CAD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.472 level.
✅LIKE AND COMMENT MY IDEAS✅
15-11 EURCAD15-11 EURCAD In October we already noticed a channel. The pair moves between 1.48 and 1.51. The last days the pair fell through the bottom of this channel, but it seems that the pair is coming back into the channel. The score of +7 of our signal system clearly indicates that there is an upside potential here. This +7 is formed by: Cot Data 2, Retail sentiment -1, Seasonality 1, Services PMI 1, Retail Sales 2, Inflation 2. All other fundamental values are 0. We set a buy range starting from 1.48950.
EURCAD - can Euro show some strenghtThe harmonic pattern bearish ABCD pattern completed it formation which added the downtrend of the pair. The price hae moved to potential reversal zone and formed a bullish divergence indicating the bulls might be taking some charge.
In Order to show strenght bull need to take out last LH and form a new high to change the trend.
EURCAD - LONG - BUYLooking to buy after the break above 1.48270 on the 1HR TF, and will consider partial buying. Buying strategy involves waiting for the break above 1.48200 and retest of the lows.
Observed rejection off the liquidity zone.
Buying only after the break below the HMA and the retest of the liquidity zone.
The break abovethe HMA has already happened.
**This is solely my trading strategy and not financial advice.**
**Please trade with proper risk management.**
EURCAD scenario for a recovery to 1.49000EURCAD potential short-term recovery to 1.49000 level. We see a slight breakout of the downtrend and transition into a sideways trend. Now, we need a stronger bullish momentum for our bullish scenario. We will go to a new November low if that does not happen.
EURCAD Will Explode! BUY!
My dear subscribers,
My technical analysis for EURCAD is below:
The price is coiling around a solid key level - 1.4798
Bias -Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.4912
My Stop Loss - 1.4731
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURCADIt seems to be that this is the point of reversal on lower time frames.
Weekly/ daily timeframe - a huge triangle - a breakout - a flag
LTF - the impulsive decline looks completed, at least all internal waves look to be in place.
What it means also:
- is EURUSD set for a larger correction?
- if CAD weakens, is this a signal for a stronger oil?
What do you think?
Trade safe
EURCAD: Strong Bearish Pressure 🇪🇺🇨🇦
While USDCAD looks strongly bullish,
bears keep pushing EURCAD lower.
The price broke and closed below both a key daily horizontal support and a falling trend line - a vertical support.
It opens a potential for a bearish continuation lower at least to 1.479
❤️Please, support my work with like, thank you!❤️
EURCAD FORECASTTraders, this pair is looking promising. The price shows that it has failed to continue pushing to the upside after failing to break the potential highs and closing above. It has given us the indication that it is likely to drop to the downside after breaking all lows impusively, guys whenever we have a failed continuation like this, the failed structure becomes a volume for the price to move to a long distance that's why we expect more of a selling momentum to come ahead.
ECAD: Long or Short?As we all know, the market will do 1 of 2 things; buy or sell. My bias is a short, however, the market will need to pullback to the previous broken zone and show rejection, only then will I enter into a short position. If the market pulls back and breaks above the previous broken zone, I will enter a long position upon the market showing and holding a strong support at that zone. This idea will be invalid if the market creates a new zone of support and rejects it to the upside or if it breaks below that newly created zone. Stay tune for the results!
EURCAD, Bearish Continuation after Double TopDouble Top Formation @ Weekly Resistance Zone
Bearish Trend Continuation
Major weekly support Broken
New lows Formation
Sell Order @ 38% retracement
Support Break retest will be the best entry
Enter with sell stop @ 1.4866
Target Towards major horizontal levels
Stoploss 1.49340