The EURCAD has just completed a market maker buy model ( MMBM) both on the 4hour timeframe and daily time frame It has taken buy stops ( BSL) which is another confluence and reason to SHORT the EURCAD , we can remember that there is always SELL orders above Previous highs, either Previous week highs, previous day highs or old highs Its time to find SELL...
so i take this trade swing for Daily TF for Short The EURCAD currency pair is showing signs of a possible opportunity to enter shorts. FX:EURCAD This zone has been tested thrice before and also strengthened by the strong trend line resistance at the same level. Key market levels 1.4600-1.4620 have held as resistance in the past and we could see another bearish...
We have an ascending channel on the 4H timeframe showing that price has been decelerating as it approached the daily resistance level. We also have bearish RSI divergence. I expect to see a small 40 pip move to the downside.
Hello traders! ‼️ This is my perspective on EURCAD . After change of character here I am looking for shorts. We can see a rejection from bearish order block, so I expect bearish price action continuation ‼️Attention!!! Due to the fact that we have news events on CAD next Wednesday and Friday, the analysis can be invalidated. Like, comment and subscribe to be...
Price Visiting Bearish Order Block Now Wait for Rejection and BOS (Break of Structure) on M15 for Confirmation. Risk Disclosure: This is just a Market Overview Based on Current Conditions. Follow Risk Management.
After the price completed its second retest of the upper band of the bullish channel. And it also confluence with the multiple level of market structure (truing previous support are to resistance. A moderate sell opportunity can be look for at this level, which happens to falls slightly above the Fibonacci golden ratio of 61.8%. Stay close and...
Dear Traders, EURCAD has developed a nice distribution cycle when we talk about smart money concept. We have identified a potential area where we can see a nice sell off; our approach on EUR long term is bearish and CAD somewhere stronger currency index when we compare these two. -ENTRY SHOULD BE EXACTLY AT THE OB AREA. -STOP LOSS NO MORE THAN 50 PIPS -TP 200-300 PIPS.
OK, so the CAD/HUF is not the most liquid of pairs - although quite tradable -, it is the pair which best expresses the upcoming abyss, the EU as a whole staring into. As for conviction; I owned some real estate all over the EU (not that I cared for them, too much. It was just a good price at the time.) BUT I've completed dumping them all - about 4 months ago....
we have a range in price with eurcad set to break out to the downside momentum position for sellers
In this EURCAD we can a selling opportunity for a good time on one hour timeframe after it retests to confirm our bearish move. Make sure you follow your own analysis, this is just my understanding
Analysis EURCAD: Due to the weakness in time H1 and H4, it is possible to enter a sale transaction by observing the stop for the specified purposes. . . price: 1.44200 sl: 1.44950 tp: 1.42350 tp2:1.40350 . . 👤 Alireza hajighasem : @alirezahajighasem . . 📅 2/19/2023
As a dyed-in-the-wool USD bull,(as of late) I've been fighting the urge to load up on the Loonie. - But I'm weak, so I fold. I also can't overlook the mounting evidence. All the planets are on their way for a (almost) perfect alignment for the Loonie; - It's been way oversold since the second half of 2022 (because of the rate hike pause by the BoC); - It is nearly...
Price broke through the 200ema and showed strong rejection at resistance zone, also there is a price imbalance around the the 1.428 area. Bias is sell SL 1.4463 or according to your equity TP1 1.4350 TP2 1.4300 TP3 1.4275
EURCAD has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the...
THE Euro has been trending UP against the Canadian Dollar for sometime, and will soon hit its resistance level. From here I'm expecting the market to reverse and continue down trending, as the bigger picture timeframe suggests. Soon the Euro will be ready to short at around 1.445. GOOD LUCK! OANDA:EURCAD
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Due to the previous fall in EURCAD chart and the way it's coming up, We could see that the buyers don't have much power. also there is a time divergence plus a hidden divergence in MACD, We could expect another fall in its chart. . . what is your idea about this chart?