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The pair bounced off nicely from the support area, and now is heading to test the 1.5 resistance again. I don't think is going to break it this time but looks like is going to try. Also has formed a rounding bottom in the daily timeframe.
Price has reached a high point on its bullish trajectory, and now it's trapped in a small range. I am looking for potential buys if it breaks above the range.. or sells if it breaks below.
EURCAD is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If...
EUR/CAD is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 1.46900 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level.
Stop loss is at 1.47320 which is a level that sits above a swing-high resistance.
Take profit is at 1.46145 which is a pullback support...
EURCAD firm a saucer pattern after correction to 1.4500 zone and has chance to goes high again.
Good context, nice risk reward and absolutely high probability.
Trade safe.
Good luck.
Once you have drawn Order Block on Daily
time frame now move to lower time frame
like 1H , 30 M or lower,
you can see it started creating bullish candles.
In this particular case a popular bullish
candlestick pattern three white soldiers
formed at 30 M time frame indicting potential reversal in trend.
I`m looking forward to see a short term price drop on EURCAD. I´ll try to enter the trade, when price creates the 5th (e) wave and will set a stop/loss above the recent high. The target will be the supply zone
Hello,Friends!
It makes sense for us to go short on EUR/CAD right now from the resistance line above with the target of 1.458 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
Hi fellow traders,
Here is my analysis of EURCAD 30 min. I decided to open long because of intersection of several signals from price action.
1. Fractal candle
2. Bullish Divergence
3. Fib 0.382 retracement
4. Pendulum Pitchfork confirmed low of retranement
RRR 3:1
Let's see how this trade will be going.
we had an impulsive move to the downside following by a correction for continuation after getting the 3rd touch on the descendiing triangle ,we are going make the second touch on the trend line and see if we can get a reversal to go long on the way to the trend line.
happy new year everyone .
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
EURCAD SITTING AROUND WHAT!
As we can see, bulls took over after breaking above our major swing high, rejecting our lower massive support zone, and price then traded higher to be rejecting our upper resistance...
Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURCAD. EURCAD is breaking the main Falling Wedge Pattern. Here it has maximum Chances we can see a good Bullish wave here. We can see gain here upto 100Pips+. Keep in touch we will update further soon.
