hi traders, according to previous analysis of eurcad , i think its last apportunity to ride this movement
EURCAD is moving in an ascending channel, making higher highs and higher closes. The market is pulling back to the support level and 50% fibo level. The market created the bullish harmonic pattern, which is extra confluence. We expect a pullback trade from the confluence level. ------------------- Share your opinion in the comments and support the idea with...
Hello my friends This trend is supported by the trend line and also supported by the support carpet So we expect it to move upwards
Observing the current market dynamics of EURCAD, it's evident that the currency pair is establishing a pattern of higher highs and higher lows. This trend indicates a positive upward momentum, suggesting potential opportunities for traders. Notably, we've recently witnessed a break in the 4-hour structure, a significant development that adds a layer of interest to...
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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.
Price could pump and reach the fvg above Nothing special, if price goes below ema 200 black line then SL Educational purpose only nfa
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.
Order blocks are price zones on a chart where large market participants, like institutional traders, have amassed significant buy or sell orders.
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.
Market broken the structure to upside and coming back to take out Trendline Liquidity..
waiting for a rejection to confirm continuation of the bearish momentum