H4 - Bearish trend pattern.
Currently it looks like a correction is happening.
No opposite signs.
Until the strong resistance zone holds my short term view remains bearish here.
---------SHORT EURCAD AFTER CORRECTION---------
CAD is performing better than EUR at the moment in the longer run so I expect more downside move to 1.43 at least after a short correction. If I see a weak correction I might take a short trade on this.
Waiting for a retest of 1.44263 or 1.45128 to short EURCAD back to Daily swing lows at 1.42981
If you agree drop a like and if you have any questions leave a comment :)
Hello, according to my analysis of the eurcad pair. It is in a very negative state. The market has broken the triangle model. He also re-tested but couldn't break that area. Also, there is a strong resistance area in the same place, with two very negative candles forming on the weekly time frame. good luck for everbody
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** EURCAD Analysis - Listen to video!
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Good market structure play, price was creating LLs and LHs - entered on the RT and new LH after bearish engulf & RT towards EMA - looking for continuation to the downside with 2 RR
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.
Waiting for a retest of 1.46278 to short EURCAD back to swing lows at 1.44906
If you agree drop a like and if you have any questions leave a comment :)
Here is my analysis for EURCAD on H1 using Order Block. The price could go bearish, 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, we are monitoring possible sell opportunities. After the impulsive move represented by the green arrow, the pair is in a bullish correction that seems to be losing momentum. Presently we have a break of structure. I am awaiting a correction targeting a trend line liquidity and fresh order block on the 5 minute charts. The second alternative...
Welcome back! Let me know your thoughts in the comments!
** EURCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
On the daily timeframe, the market is making a correction which I believe is completed, there is a break in trendline accompanied with a pullback which seems to be holding, from the current price, I am expecting a drop to the downside. If EURCAD can make a move below the previous low, then there might be a continues fall down to my TP level and even beyond.
Risk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...
Hello Traders
In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET
today EURCAD analysis 👆
🟢This Chart includes_ (EURCAD market update)
🟢What is The Next Opportunity on EURCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
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EUR-CAD was trading in
A rising wedge but then
A bearish breakout happened
So I think that we will
After Reteste 1.47446 area
We will see a move down !
Welcome back, fellow traders, to another exciting analysis session! Today, we're going to dive deep into the intriguing world of the EUR/CAD pair and explore the confluences and indicators that are painting a compelling bearish picture on multiple timeframes.
Confluence Across Multiple Timeframes
As seasoned traders, we know that the key to successful analysis...
