Hello,Traders!
EUR-CAD has formed a
Giant bearish triangle
Pattern so we are
Bearish biased and
IF we see a bearish
Breakout then I think
We will see a further
Move down
Sell!
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Taking a look at the 4h chart, price-action remains confined in a wedge formation. RSI is suggesting we might get a bullish breakout as this is now the third signal of a break above 50 in this current wedge.
The 50% Fib Retracement level is also something important to note as the most recent large impulse was an impulse to the upside. See chart below.
I do...
Price is on a downtrend and could break the sell entry and pullback to the take profit level.
Sell entry is at 1.45959 which is a pullback support.
Stop loss is at 1.46674 which is the swing-high resistance, which aligns with the 61.8% Fibonacci retracement.
Take profit is at 1.44833 which is a pullback support level.
High Risk Investment Warning
Trading...
In the one-hour period, in a short-term upward trend, it is probably building an upward angle pattern, which can continue the growth with the failure of the swing up to the middle range, and a pullback and a higher floor up to the ceiling of the channel and the supply area can continue the growth.
FX:EURCAD
Early bird mode ON.
A Bottomfish prospect -- with an above average growth potential.
Long term price reversal has already commenced on this pair. All timelines are pointing on upside reversal.
Spotted at 1.460
Initial target set at 1.55
Reference: Tri-monthly chart.
*Same setup applies to FX:GBPCAD as well at 1.6850
TAYOR.
While subtle hidden bearish divergences are observable in the EURCAD's On-Balance Volume (OBV), we maintain a bullish sentiment.
This is attributed to the significant stabilization of the price along the 200-day moving average and the distinct formation of a recognizable bottom.
The target for potential long trades is identified around the 1.51 level.
FOREXCOM:EURCAD is forming a standard bearish setup on the background of the forming downtrend, as the Canadian is getting stronger than the Euro and thus changing the market direction.
On D1 we can see that in general the currency pair is in a global range and it is impossible to identify any key trend, so it is acceptable to trade both buying and selling...
Hello,Friends!
Bearish trend on EUR/CAD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.457.
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CAD is on the rise these days and EURCAD is clearly in downtrend. last week we experienced a large downward move in the pair, so I think it's gonna go on!
if the price touch the trend line, or, if I see a good trigger candle in the trading zone, I go short.
What do you think about it?
The EURCAD pair broke below the 1D MA200 (orange trend-line) again after getting rejected on the 1D MA50 (blue trend-line), which establishes it as a Resistance. The long-term pattern is a Channel Down (blue) since the February 10 Low and the current (dotted) Channel Down is the Bearish Leg towards a new Lower Low.
We are taking this bearish break-out signal for...
-Prices broke through our support zone but formed a bullish engulfing right after signalling a possible fakeout
-Tight SL trade here below fakeout candle, with TP at the previous resistance zone
-Take partials at FVG shown here
Hey Guys. According to the chart in front of us(EURCAD) , we will see such a behavior of this currency pair in the one-hour timeframe, so you can make a good profit from it with a proper capital management.
sell
entry point: 1.47057
sl:1.47400
tp:1.44298
