SELL EURCADresistance se fall hone ke bd 0.61 retracement
level ko break krke retest bhi kr chuka h entry
to activate ho chuki h
CADEUR trade ideas
Intraday Trading idea for EURCADGreetings traders,
At Gold Signals by Professor, we're excited to bring you our latest analysis on the FX market. Based on our technical analysis, we're recommending a buy position for traders.
Our analysis indicates that EURAUD if sustains above the crucial level of 1.47654, it's likely to move up to 1.47904. As ascending triangle is formed. These levels represent significant resistance areas that, if broken, could trigger a strong bullish trend. We recommend that traders maintain a stop loss of around 1.47513.
It's important to stay informed about the latest news and events that may affect the FX market. Factors such as global economic conditions, geopolitical tensions, and central bank policies can all play a role in the price movements of EURCAD.
The momentum can change during any event or news which can drive it, so this level will get updated in the channel from time to time so stay updated in the channel for more recent trends and analysis of Gold and its trading move.
Wish you all a very Good day
Thanks
Team_Professor
EURCAD 4 Hour Analysis (20 July 2023)EURCAD 4 Hour Analysis (20 July 2023)
1. Price is in divergence with Stochastic
2. also, we can see the price with important
fib levels
3. If the price breaks 0.382 we can expect a
bullish move
4. If the price breaks 0.5 fib level we can expect
a bearish move
5. For a trend confirmation we can also
check the values from ADX or DMI
6. Though the price can have a bullish move,
we will wait for a proper entry.
EURCADFX:EURCAD
As you can see that (For MONDAY 17-07-2023), EURCAD has created Double top pattern in 15Min Time frame at the important resistance level. If it breaks the drawn neckline, we can go for sell side and capture some pips. Always go for retest entry to avoid fake Breakouts. Plan your trade accordingly....
Long EUR/CADAfter the breakout from the rectangle on the hourly charts the pair is now testing the support. Stops will be below the range or in this case in the middle of the range. Instead of using the target here we can just use the moving average to ride the trend for as long as possible on the hourly time frame. One can also use the ichimoku for the same
EURCAD 4 Hour Analysis (28 June 2023)EURCAD 4 Hour Analysis (28 June 2023)
1. Price is in strong supply area
2. We can see the price forming inside candle
3. Also, we can observe bearish stoch divergence
So, based on inside candle breakout we can
enter short trade, also if the inside canle is
breaking from upside, then we need to focus on
the supply area and to check if price crosses the
supply area also.
EURCAD 4 Hour Analysis (20 June 2023)EURCAD 4 Hour Analysis (20 June 2023)
1. Price is in ascending channel
2. also, the current price is in consolidation
or range
3. we can see the Stochastic is in oversold
region and we can observe the divergence also
4. Possible scenario: if the channel and
consolidation breaks from downside,
we can enter short
or, with divergence and consolidation box
breaks from upside, we can go for long
Intraday Trading idea for EURCADGreetings traders,
At Gold Signals by Professor, we're excited to bring you our latest analysis on the FX market. Based on our technical analysis, we're recommending a Sell position for traders.
Our analysis indicates that EURCAD if sustains below the crucial level of 1.47609, it's likely move down to 1.47000 to 1.46600. These levels represent significant resistance areas that, if broken, could trigger a strong bearish trend. We recommend that traders maintain a stop loss of around 1.48089.
It's important to stay informed about the latest news and events that may affect the FX market. Factors such as global economic conditions, geopolitical tensions, and central bank policies can all play a role in the price movements of EURCAD.
The momentum can change during any event or news which can drive it, so this level will get updated in the channel from time to time so stay updated in the channel for more recent trends and analysis of Gold and its trading move.
Wish you all a very Good day
Thanks
Team_Professor
