EURCAD- LOW RISK HIGH REWARDPrice has broken and is currently testing the trendline. Rejected an order Block and if the price will reject from the zone price will Fall and will target the previous low or even much lower premium price.
EURCAD trade ideas
EURCAD Long Term SellPrice has formed a monthly resistance level which aligns with the 1.18 and 1.27 fib extension. On the weekly timeframe, price never hit the 38.2 fib level. I believe that we are headed for a long term sell if we can break key levels to the downside.
Shorter term sell, I believe we are headed to 1.470XX.
EURCAD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of weakness, so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
Lingrid | EURCAD Capitalize on SIDEWAYS movementThe price perfectly fulfilled my last idea. It hit the target. FX:EURCAD market is currently moving sideways. On the daily timeframe, the price recently reached a strong resistance zone and then pulled back after creating a double top. Following five consecutive bullish weeks, I believe the market is due for a pullback. I anticipate that the price will reject the resistance zone around 1.49500 and the downward trendline, leading to further sideways movement. My goal is support zone around 1.48800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
POSSIBLE SELL OPPORTUNITY ON EURCADPrice showing signs of strong momentum. We look for the pullback to take the trade.
Short EURCADThe weekly timeframe as shown signs of weakness since last year .. lucky the D1 pushed it down since yesterday and it moved aggressively today
EUR/CAD H1 | Heading into swing-high resistanceEUR/CAD is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.4971 which is a swing-high resistance that aligns close to the 50.0% Fibonacci retracement level.
Stop loss is at 1.5005 which is a level that sits above an overlap resistance.
Take profit is at 1.4887 which is a swing-low support.
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POSSIBLE SELL OPPORTUNITY ON EURCADPrice showing signs of strong momentum. We look for the pullback to take the trade.
EURCAD BIAS : LONG OR SHORT Hello traders. Here on the EURCAD, I'm going to be using two simple concepts i.e Trend following + Valid POI.
Using these we can see that this market is constantly making Swing high points. But here's the twist- we're currently at ta higher timeframe level from which we can see bearish reversal but the rule as trend traders is to trade the trend till it bends. Hence, the possibility of longs out of the POI, ONLY UPON CONFIRMATION.
If we get a break of the bullish structure at that zone, then it's an indication of coming bearish wave to the downside. This means we will not be acting on this analysis until the market gives an extra layer of confirmation .
Stay Reactive.
What do you think ?
Sell to buy eurcadPrice is at heavy support and resistant zone /supply let find entry at lower time frame and sell... Our to is entry again bcos we have demand and qml
EURCAD Here's a Breakdown of the Key LevelsEURCAD structure, here's a breakdown of the key levels and potential market:
1. Current Price (1.50330): The market is currently at this price, which suggests it may be within a consolidation zone, potentially preparing for a move.
2. Resistance Zone (1.50600): This level could act as a ceiling, where price may struggle to break higher. If price reaches this zone and fails to break above, it could suggest a short opportunity for a sell-side move.
3. Support Zone (1.48500): This is a critical area where the market may find buying interest. If the price approaches this level, it could bounce back up, or break through, indicating a continuation of the downtrend.
You Can Find more details in the Chart 📉
Rate share Your Idea💡 What's Going On Thanks
POSSIBLE SELL OPPORTUNITY ON EURCADPrice showing signs of strong momentum. We look for the pullback to take the trade.
Falling towards overlap support?EUR/CAD is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 1.48484
1st Support: 1.47518
1st Resistance: 1.49932
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
EURCAD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of weakness, so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
EURCAD sell setup updateOn our last analysis on EURCAD we are Bearish for the long haul, we were waiting for price to push up till our area of interest to look for selling opportunities to the downside. Price eventulally reached our area of interest after a long wait and we were able to place sell positions and as we can see price is rallying down with us.
GBPCAD ALERT: BIG PULLBACK IMMINENT!GBPCAD ALERT: BIG PULLBACK IMMINENT!
Waiting for:
High sweep
Smart Money Concept Reversal Pattern Confirmation
MARKET IS READY TO MAKE A MOVE!
EURCAD: Weak Market & Bearish Continuation
The analysis of the EURCAD chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
❤️ Please, support our work with like & comment! ❤️
EURCAD BUY| Idea Trading AnalysisEURCAD is moving in an ascending channel.
The chart broke through the dynamic resistance, which now acts as support.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURCAD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Lingrid | EURCAD long from SUPPORT zoneThe price perfectly fulfilled my last idea. It hit the target. FX:EURCAD is showing a sideways trend, with lower highs and higher lows. The price is moving toward the key level of 1.49000 and the edge of a channel. On the 1H chart, the market is forming an ABCD pullback, which often leads to a price reversal after completion. I think we will see short term bullish momentum if the price rejects the support level. The support level has been respected multiple times, and I anticipate that the price will bounce off this support and then retest the downward trendline. My goal is resistance zone around 1.49780
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Bullish bounce off overlap support?EUR/CAD is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 1.48501
1st Support: 1.47502
1st Resistance: 1.50045
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
