Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to make the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.44000. Fundamental analysis: Next week on Wednesday...
EURCAD is trading in a Rising channel and the Pair made a nice rebound From the rising Support which confluences With the horizontal support Of 1.44330 I think we will see a move up !
Price just took support from this year's AVWAP and pushed back up. PD buyers pushed price up. Sentiment line in perfect buy zone. entry if and when price clears current POC zone and opens above it with good MACD. 1:1 note - not tagged in the position yet. will add note once in the position.
Here is my view for EURCAD on H4. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
On the 4-hour chart, the trend started on May 18 (linear regression channel). There is a high probability of profit. A possible take profit level is 1.4701 But do not forget about the SL = 1.4511 Using a trailing stop is also a good idea! Good luck! Regards, WeBelieveInTrading
The divergence in the support zone may cause to Long Position
Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: As I said in my previous analysis we are bullish and I look for long from discount zone if price rejects from bullish order block. I opened a long position and my target is the imbalances higher. Fundamental analysis: Next week we have news on CAD, on Tuesday will be released CPI, pay...
The pair is showing bullish sequences in the cycle from the August 2022 low. Our goal is to reach 1.4921 again. We recommend to avoid selling but keep in mind that we are facing a strong support level at 1.462. If it gonna break that level it could reach a level at 1.4497.
Hello, as we can see, from a daily perspective EURCAD is in an uptrend, where the price broke above the daily resistance level and then made a corrective move to retest 0.5% Fibonacci retracement around 1.48500, then make another impulsive move to the upside. In 1h, the price was moving in a falling wedge pattern before it broke out of the wedge and closed above...
Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement and then to reject from bullish order block + institutional big figure 1.48000. Fundamental analysis: Next week we have news on...
Looking for a long to monthly resistance @ 1.50500 on this pair if we can break weekly resistance at 1.49400.
Weekly-Bullish Daily- Bullish 4H - Bullish Confluences 1. Break and retest of major key level 2. Break and retest of trendline Take profit 1 - 1.47870 Take profit 2 - 1.49059
fundamentally, we had today US Retail Sales Data that came out negative for the Dollar on the technical side, we had a great pull back on a key level in the 15min: -RSI divergence in the 1h: -hammer on a demand zone in the 4h: -strong trend in the D : -great correction on the 50% fib
Hello traders, we want to check the EURCAD chart in the 1-hour time frame. The price has broken the descending channel upwards and then pulled back to the descending trend line and also the key level between 1.46700 and 1.46900. We expect the price to enter a trend. May it rise and move to the specified targets. Good luck. EURCAD buy Entry : 1.46932 Stop...
This is for short term And this is risky too. Please DYOR before entering the trade.
Hello traders! ‼️ This is my perspective on EURCAD. Technical analysis: We are here in bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect price to continue the retracement and then to reject from bullish order block + institutional big figure 1.46000, as well 0.786 level of FIBO which is discount zone. Fundamental...
The price action is in a bullish direction with bullish momentum - bullish flag pattern - HH and HL trendine - AB =CD Projection
Hello Traders, Hope you all are doing good!! I expect EURCAD to go Up after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market...