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Eurcadforecast

EURCAD Aggressive Trade with Potential for Huge GainsI'll keep this short and to the point - Technical Outlook: Price recently hit a ceiling which has historically served as resistance (1.51750) , however we have been in an uptrend since late 2022. In Nov 2024 we saw bulls rally at strong levels of demand and continued to drive price upwards, creating a demand feed which price reacted off more recently (as shown on the chart). Once price reached the ceiling level, it took a nose dive UNTIL we saw it decelerate at the latest demand feed, which could potentially have a trove of resting orders ready to be filled. Trading Considerations: I will be keeping an eye on the 15m chart during London and NY sessions for bullish momentum to take hold. As it stands right now, a break above 1.49050 would be early signs to get involved. This can always change as new structure is formed on the LTF's but we are deep in discount territory. Watch for liquidity build up and volume to understand which LTF demand levels could hold during high volume sessions. Final Notes: As added confluence, this pair is currently oversold on the RSI. While navigating the LTF's make sure to adapt to changing conditions. Again, this is another trade which could potentially turn into a swing position (provided demand holds, we could see an upward move that finally breaks the ceiling). While the Euro continues to weaken against the USD, the Loonie should be able hold its own during this ongoing trade war (based on the fact that they've not just rolled over and do have some fight in them). We get to witness these scary times unfold - and it makes trading that much more exciting! Happy hunting predators! Apex out! OANDA:EURCAD FX:EURUSD OANDA:USDCAD
Long
by Apexfx_Alpha
1
A Bearish OpportunityThe market has been forming a series of higher highs and higher lows, but with weaker broken highs. An hourly liquidity sweep led to a swift bearish movement, clearing the swing low at 1.47490. Anticipating a flip to level 1.48000 for a bearish entry. Trade Plan: - Entry: 1.48000 - Stop Loss: 1.48500 (50 pips) - Target: 1.45912 (over 200 pips) - Risk-Reward Ratio: Market Analysis: - Market structure: Higher highs and higher lows, with weaker broken highs - Liquidity sweep: Hourly sweep led to a swift bearish movement - Swing low: 1.47490
by tokelohomi
EUR/CAD Bank Money Heist Plan to make money take moneyHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist EUR/CAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 1h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Long
by Thief_Trader
1
EURCAD Short Trade Setup A #short trade opportunity recently presented itself on the #euroloonie (#EURCAD) #trading chart 📉. This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern just below the 1.47313 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell). Sufficient downward momentum should see price dumping towards the 1.46000 psychological level and possibly testing the strength of the 1.45782 horizontal support level. As always, please apply appropriate risk management. Happy trading! #crosspair
Short
by charles-okoukoni
3
EURCAD Trading Plan - 18/Apr/2024Hello Traders, Hope you all are doing good!! I expect EURCAD to go Up after completing this correction. 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 your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
3