Eurcad!
EURCAD is approaching a significant supportHey Traders, in today's trading session we are monitoring EURCAD for a buying opportunity around 1.47700 zone, EURCAD is trading in an uptrend and currently is in in a correction phase in which it is approaching the trend at 1.47700 support and resistance area.
Trade safe, Joe.
Bearish reversal?EURCAD is rising toward the pivot point and could potentially fall to an overlap support
However, a break above the pivot it could rise to the multi-swing high resistance
Pivot: 1.4799
Support: 1.4737
Resistance: 1.4836
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EURCAD: Three days cycleHi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance ✅ Three days cycle
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump ✅
Dump&Pump
Frontside
Backside ✅
4. THESIS:
Long: N/A
Short: Possibility to see this market going to stop the previous LOW, long traders are still in profit and most of their SL are mostly below that level.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
Previous week’s green candle means that for us the EUR/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.469.
✅LIKE AND COMMENT MY IDEAS✅
Falling towards 38.2% Fibonacci support?EUR/CAD is falling towards a support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 1.47802
Why we like it:
There is an overlap support level which lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.47368
Why we like it:
There is a pullback support level which is slightly below the 50% Fibonacci retracement.
Take profit: 1.48804
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURCAD Short-term buy signal.The EURCAD pair has been trading within a Channel Down for the past 15 months and right now is on a Bullish Leg towards its top. The 1D RSI is approaching the overbought barrier of 70.00 and we believe it will give a sell signal after it breaks above, just like November 21 2023 and July 14 2023.
Until then, we will stay bullish, targeting the top of the 15-month Channel Down at 1.49750.
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👇 👇 👇 👇 👇 👇
EURCAD Is Very Bullish! Buy!
Please, check our technical outlook for EURCAD.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.482.
The above observations make me that the market will inevitably achieve 1.485 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURCAD - 4hrs ( Buy Trade Target Range 150 PIP ) Pair Name : EUR/CAD
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break
1.46900 Area
Reasons
- Major Turn level
- Channel Break
- Day + week High Break
- inner choch
- Fibo GOlden
- Visible Range Lvn
Bearish Reversal
1.49150 Area
Reasons
- Major Turn level
- Pattern Upper Band
- Quarters Area
- Choch Zone
- Fixed range hvn
- Fibo Golden
EURCAD: Bearish Continuation
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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EURCAD: One More Bullish Confirmation 🇪🇺🇨🇦
I have already shared a very bullish forecast for EURCAD,
after a breakout of a key daily resistance.
Today we see one more intraday bullish confirmation
- a bullish breakout of the resistance line of a symmetrical triangle on a 4H time frame.
I believe that the market will reach at least 1.485 level soon.
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EUR/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are going short on the EUR/CAD with the target of 1.478 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EURCAD Under Pressure! SELL!
My dear followers,
This is my opinion on the EURCAD next move:
The asset is approaching an important pivot point 1.4778
Bias - Bearish
Safe Stop Loss - 1.4804
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.4737
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EURCAD Is Very Bullish! Buy!
Please, check our technical outlook for EURCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.479.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.482 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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