EURCAD - Upside move !!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. I expect bullish continuation to fill the imbalance higher after price rejected from trendline + level 1.50000.
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EURCAD trade ideas
EURCAD💡Hello everyone, EURCAD chart analysis The price is moving in an ascending price channel. The price is now testing the lower border of the channel. The MACD indicator shows declining selling momentum. We move to a lower time frame and look for a buying opportunity⬆️
⛔It is not investment advice, for educational purposes only.
EURCAD for a sellfrom my strategy stand point am in on eurcad for a sell, and am seeing it sell for the next 2 hours
1. first from the overall movement we are in a downtrend, so with that bias, i am seeing this newyork secession as a continuation, of the trend to the downward side.
2, I confirmed this buy first, on seeing the clear on liquidity, and also the evening star candle pattern that formed on the 15m, chart. that was my confirmation.\
so lets go, Ricch emire in the building
#EURCAD 1HEURCAD (Euro / Canadian Dollar)
Timeframe: 1-Hour (1H)
Pattern: Expanding Pattern
An expanding pattern, also known as a broadening formation, has been identified on the 1-hour chart of EURCAD. This pattern is characterized by higher highs and lower lows, indicating increased market volatility and indecision. The expanding pattern shows that both buyers and sellers are pushing the price in opposite directions, but with increasing momentum.
Typically, an expanding pattern suggests that a breakout in either direction may occur, but the broader outlook is leaning towards an upward breakout in this case.
Forecast: Buy
The current forecast indicates a buying opportunity, as the price is expected to rise from the lower end of the expanding pattern towards the upper resistance level. This suggests potential gains as bullish momentum builds.
Technical Outlook:
Support Level: The lower boundary of the expanding pattern, where buyers are expected to enter the market.
Resistance Level: The upper boundary, which could be a potential target for the price to reach.
Key Levels to Watch: A breakout above the recent highs would confirm the bullish outlook, signaling further upward momentum.
Look for confirmation through bullish candlestick patterns or volume increases near support to validate entry points.
Stay alert to economic data and oil-related news that might influence the EURCAD pair, as CAD often reacts to oil price changes, while the Euro is sensitive to broader market sentiment.
EURCAD - 4hrs ( Sell Trade Target Range 150 PIP ) 🟢Pair Name : EUR/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢Key Technical / Direction ( Short )
Type : Mid Term Swing
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✅Short Opportunity (Bearish Break)
Key Level: 1.50100
This is the area where you’re looking for a potential short entry, expecting a bearish continuation.
Reasons for Entry:
✅ Major Turn Level: This refers to a significant price area where price has historically reversed or paused, indicating it's a critical level.
✅Visible Range: This likely refers to a visible volume profile tool, highlighting price levels that saw high or low trading activity. The focus here might be on low-volume areas (LVNs), which could indicate a lack of interest at this level and easier price movement downwards.
✅Fibonacci Golden Zone: A retracement into the 61.8%-65% zone, which is a commonly watched area for reversals or trend continuations.
✅Choch Zone: This could stand for "Change of Character," a price action term often used to describe a shift from a bullish to a bearish structure, indicating a potential trend reversal.
✅Weekly Low: The price is testing or approaching the low of the weekly timeframe, often a critical level that traders use to confirm the strength of a trend.
✅Major Trend Line 4th Bounce: This suggests that the price is touching a long-standing trend line for the 4th time, which can either act as strong support/resistance or eventually lead to a breakout after several tests.
✅Target (Bullish Reversal)
Key Level: 1.48500
This is where you’re watching for a bullish reversal, expecting price to find support and possibly reverse upwards.
Reasons for Reversal:
This level could be supported by similar technical reasons, such as the proximity to important support zones, Fibonacci retracements, or moving averages.
EURCAD: Bearish Outlook ExplainedLook at how the EURCAD responded to a downward trend line on a 4-hour time frame. The market entered a period of consolidation within a tight range and remained within this range for two trading days.
Today, there was a significant downward movement with the support of the range being breached, indicating strong selling pressure.
This suggests that we may see a further downward movement, potentially reaching as low as 1.4949.
EURCAD ANALYSISHey traders, so i am glad all our analysis for last week played out well.
Here is another one for EURCAD, my analysis shows a sell from the current price point all the way down. You might want to wait for any other confirmations that resonates with your trading styles and let's eat this.
EURCAD Will Go Up! Long!
Take a look at our analysis for EURCAD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.502.
The above observations make me that the market will inevitably achieve 1.506 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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EUR/CAD BULLS ARE STRONG HERE|LONG
Hello, Friends!
EUR/CAD is making a bearish pullback on the 10H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.516 level.
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EURCAD Possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry
1H - 50 EMA Rejection + Bollinger Band
Rejection
15m - Entry in MAHI
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H
* 1:3 RRR
* TAYOR
A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis
I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
EURCAD Possible Buy The market is currently testing the current daily Fib area 0.618. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern.
We could see Buyers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
EURCAD My Opinion! BUY!
My dear friends,
Please, find my technical outlook for EURCAD below:
The price is coiling around a solid key level - 1.5040
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.5092
Safe Stop Loss - 1.5006
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK