EURCADHey, for an explanation and details of this trading idea, check my latest FX video analysis ( 22.7 - x ) Have a great week!
T
CADEUR trade ideas
EURCAD Short Opportunity on Volume ImbalanceThe EURCAD pair shows a strong upward movement with recent signs of exhaustion near the 1.49477 level.
Volume Imbalance: This critical level could indicate a potential reversal area.
Consider short positions around the current levels, targeting the lower FVG zones.
Monitor for confirmation signals before entry to ensure alignment with the anticipated move.
EURCAD LONG SETUPHi, there is an long setup in eurcad pair
*Reasons for trade
1) is at market bottam
2) 15min timeframe v shaped recovery
3) is a support on daily and 4hr timeframes
#set target and stoploss as per your wish
#for better trade one shouls wait for grren vandel on 1hr timeframe to buy
*DISCLAMIER*
"dont't just this idea blindy do your own analisys to learn and your trade more profittbale"
#BEST OF LUCK#
EURCAD Analysis: Bearish Continuation Upto 1.46000This EURCAD 4-hour chart analysis indicates a bearish continuation setup. Multiple Break of Structure (BoS) and Change of Character (ChoCh) levels suggest strong bearish momentum. Price is trading below key moving averages and encountering Fair Value Gaps (FVGs) acting as resistance. The Relative Strength Index (RSI) supports the bearish outlook. Immediate targets are 1.46500 and potentially 1.46000. Look for short entry opportunities on retracements to resistance levels.
EURCAD weekly setupIn the EURCAD weekly setup, I anticipate a bullish push in price following the absorption of the last candle that filled the Fair Value Gap within the market structure. The target is set at the weekly Buy Side Liquidity (LIQ), and entry will be considered after receiving confirmation from the 4-hour or 15-minute setups
EURCADThis chart represents the EUR/CAD (Euro/Canadian Dollar) currency pair on a 4-hour timeframe. The analysis appears to be a technical analysis focusing on price action, support and resistance levels, and potential future movements.
Key Elements of the Analysis:
1. **Trend Line**:
- A dashed upward trend line is drawn from mid-April to early June, indicating a period of bullish momentum.
2. **Change of Character (CHoCH)**:
- The chart marks a "CHoCH" (Change of Character) around early June, where the price breaks below the trend line and a previous support level, indicating a potential shift from bullish to bearish sentiment.
3. **Support and Resistance Zones**:
- **Resistance Zone**: Around 1.48600 - 1.48800, where the price previously found resistance and reversed.
- **Support Zone**: Around 1.47600 - 1.47800, which was previously a support level but has now been broken, indicating a bearish signal.
- **Lower Support Zone**: Around 1.45600 - 1.46000, which is the next significant support level where the price might find support if the bearish trend continues.
4. **Price Action**:
- The price has recently broken below the support zone at 1.47600 - 1.47800, indicating a bearish breakout.
- The chart suggests a potential retracement back towards the broken support zone (now acting as resistance) around 1.47600 - 1.47800 before continuing the downward movement.
5. **Projected Movement**:
- The analysis projects a potential retracement to the 1.47600 - 1.47800 zone, followed by a continuation of the bearish trend towards the lower support zone around 1.45600 - 1.46000.
Summary:
The analysis indicates a bearish outlook for the EUR/CAD pair. After breaking below a key support level and the upward trend line, the price is expected to retrace to the previous support (now resistance) before continuing its downward movement towards the next significant support zone. Traders might look for shorting opportunities around the 1.47600 - 1.47800 resistance zone, targeting the lower support zone around 1.45600 - 1.46000.
EURCAD SELL MMSMEurcad is forming a market maker sell model so we can sell through that market -ob inside fvg and target equal lows
EURCAD EURCAD The set-up is very clear, RR is also quite high, you can take this trade according to your risk management
Rejected from yearly levelEurcad has been rejected from yearly level.
And also broken down the 15 mins head and shoulders pattern.
Weekly chart is also in downward direction.
I have mentioned target and stoploss
this is my analysis on eurcadso my analysis is based on trend in trend as you can see the pair seems to be in a very interesting place to take shorts or if the price brakes that support i'll enter for a buy
Eurcad Swing Position in downside with an amazing Reward to Risk
Price has formed a Monthly Source Supply and a Quarterly Destination Demand and now we have a downward confirmation in Weekly with a Supply fomed which also has a Deviation from the EMA which indicates a very strong imbalance in the Price Action.
#EURCADDear Friends See the EURCAD Analysis, and also you can choose Martingale Strategy for select the Buy & sell orders & also Follow my Trading View Channel to get the Instant Notification of Every New Analysis.
EURCAD ANALYSISHello
This is my perspective on EURCAD ANALYSIS
Based on Simple Technical Analysis (Trendline + Support & Resistance)
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion and at your own risk.
EURCAD BUY PROJECTION 10.02.24Reason Behind EURCAD Bullish
1.Double Bullish Spinning
2.Obey Golden Ratio @ 0.618
🔹FX SIGNAL
EURCAD BUY 1.4500
SL 1.4440
TP 1.4640
TP 1.4700
EURCADGreetings!
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EURCAD H1The EURCAD breakout in the hourly chart presents an excellent educational opportunity to understand technical analysis and trading strategies. This scenario provides a practical example of how to identify support levels, interpret market movements, and utilize Fibonacci targets for potential trade opportunities. By following this breakout and observing its development, traders can gain valuable insights into market behavior and learn how to apply these concepts in their own trading decisions. Additionally, staying informed about economic news and geopolitical events will help traders understand the broader factors influencing currency pairs. This real-time example can serve as a valuable educational tool for those looking to enhance their understanding of forex trading.
EUR/USD is trading close to 1.0900, looking to build on Wednesday's hard rebound after the Federal Reserve (Fed) pivoted into a path toward rate cuts after months of towing the “higher for longer” line. ECB policy decision is next in focus.
EURCAD is in buy level at 5 mins Good Buy Setup ready EURCAD is in buy level at 5 mins Good Buy Setup ready
EURCAD is in buy level at 5 mins Good Buy Setup ready
EURCAD is in buy level at 5 mins Good Buy Setup ready
EURCAD is in buy level at 5 mins Good Buy Setup ready
EURCAD H1The Relative Strength Index edged higher to 50 on the 4-hour chart, reflecting a loss of bearish momentum. On the upside, the pair faces stiff resistance at 1.0820 (200-day Simple Moving Average (SMA), Fibonacci 38.2% retracement of the latest uptrend). A daily close above this level could open the door for additional gains toward 1.0870 (100-period SMA on the 4-hour chart) and 1.0900 (psychological level, Fibonacci 23.6% retracement).
1.0750 (100-day SMA) aligns as critical support. A hot US inflation in November could trigger another leg lower in EUR/USD. If sellers flip this level into resistance, 1.0700 (Fibonacci 61.8% retracement, psychological level) could be seen as the next bearish target before 1.0660 (static level).
EUR CAD downside move possible sellingEUR CAD downside move possible selling below the 1.46199
Stoploss 1.47383
Target 1.42013
