Price is rising towards the resistance level which is an overlap resistance which aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.46671
Why we like it:
There is an overlap resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.47033
Why we like it:
There is a pullback resistance...
Hello Traders,
Hope you all are doing good!!
I expect EURCAD to go Up after completing this correction.
I am biased for taking the recent low once again before giving a bigger correction upside.
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...
price has reached the first support area, the price may go to next support area before going bullish... some Cad news tomorrow to watchout... but I think price will likely pick up soon... good luck
H1 - Downtrend line breakout.
Bullish convergence.
Currently it looks like a pullback is happening.
Until the two strong support zones hold my short term view remains bullish here.
EURCAD can be stopped again from the old structure area
Technical Analysis:
From the previous analysis, EURCAD has failed to break 1.4765.
This zone was tested several times in the past and the price then decreased.
The price may decrease again from this area since we also have the ECB's rate decision on Thursday. It will be interesting to see how the market...
Hello,Friends!
We are targeting the 1.465 level area with our short trade on EUR/CAD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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Here is our detailed technical review for EURCAD.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.464.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.469 level soon.
P.S
The term oversold refers to a...
d1: Bullish OB has been created
and the last bearish candle is a pin bar
h1: Choch is created and we have and OB with high volume of bullish engulfing candle
so open a limit long position
OANDA:EURCAD
The price of the currency pair is expected to start a downtrend after reaching the resistance level of 1.45867
Consider your risk management before entering a trade.
Pay attention to economic news and events that may affect the EUR and CAD exchange rates
The price is in two channels top lines area, "SlowStoch" is over bought and crossed and turned to South in daily time frame.
Candle in Daily time frame is generated shooting star in previous day.
Short EUR/CAD and target positions could be in several possible positions.
Similar, short other EUR pairs
Here is an EURCAD 15-minute chart, as you can see the price had a bullish reaction to the daily FVG, and also the price created lots of buy-side liquidity, so we expect the upward movement.
Now in the 15-minute chart, there is an untouched bullish order block formed below the sell side, liquidity so we expect the price to get support from this order...
Hello Traders
In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET
today NZDCAD analysis 👆
🟢This Chart includes_ (NZDCAD market update)
🟢What is The Next Opportunity on NZDCAD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Using the BBMA Strategy by OA, a Re-Entry Short in 4H time frame appeared and using a multi- time frame analysis , I'm now waiting for a confirmation in TF 2 and TF 3 ( 15m Entry ).
4H - Re-Entry
1H- 50 EMA Rejection + Extreme Sell
15m- wait for CSAK + Retest in MAHILO min 15m
Note:
* Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines)...
welcome
here is my eurcad idea
market is not clearly bearish or bullish
seemed more bearish over last few trading days
price trading under 50% fib level of monthly candle & weekly candle
price trading under emas and weekly pivot
lets see how this setup plays out
