This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
Hello Traders ! After a Huge Bullish Move, The EURCAD Reached a Strong Resistance Level (1.47460 - 1.47800) and Failed To Break it ! At The Moment, The Higher Low is Broken (Change of Character). So, I Predict a Bearish Move📉 -------------- TARGET: 1.46665🎯
OVERALL GAMEV PLAN * I decided to re-enter in EUR/CAD due to the fact that we reached the highs and a pull back is necessary (I mention re-enter because on MAY 6th I entered in it, but close it at breakeven because I didn't like how the pair moved up) ANALYSIS IN MY FAVOR * The pair reached the highs and now it needs to have a pullback in order to...
All ideas are strictly my interpretation of price action. I am not a professional trader nor are these ideas professional advice. I will try to update my positions frequently.
38% fib retracement lines up with bottom of pitchfork channel. Hull, hull MACD, WaveTrend with bearish agreement?
EURCAD chart in 4h time frame is printing Bearish Reversal Butterfly Harmonic Pattern but there is no any divergence observed yet. But price is at Potential Reversal Zone of this Pattern. Hence I'm taking short entry with Sell Stop Order on the breakdown of last Higher Low Level with stoploss above at last Higher High level.
📈🚀 EURCAD Market Analysis: Bullish Breakout and Targets Set! 🎯💼 Forex Traders, a significant update on EURCAD: OANDA:EURCAD 📈 Bullish Breakout: EURCAD has successfully broken out of a strong resistance level, indicating a bullish continuation in the current uptrend. The pair has also moved past a consolidation range, further confirming the bullish...
How to Identify an uptrend, downtrend and trendlines with channels
Starting your analysis and mapping out your support + resistances level from a higher timeframe such as the weekly or daily will give you a much better understanding of where price may be heading. Remember, to be able to determine the future more accurately, we must study our past. History repeats itself as they say. *Always remember to let price action develop...
EURCAD - Sell Stop - Bearish trend to follow after bearish reversal patter - Take entry if previous HL is broken
EURCAD has been having some couple of consolidation and higher time frame retracement to fill a -FVG on the daily chart. at the repricing to daily institutional reference point we see price give nice strong signature for the possible sell expansion to most likely take out the draw on liquidity(DOL) at sell side on the daily chart. Enjoy the bearish ride the green...
Daily: - Daily retrace position - Solid candle close - Strong S&D zone (a lot of sellers) - New liquidity has been taken on the daily and we can see a SoM on the 4H Weekly: - S&D zone is with us - Long term we are bullish, so this can be a very quick in and out trade 4H: - Bearish MS (possible) - H&S with BoS (If last 4H candle closes like this) *After...
EURCAD has been having some couple of consolidation and higher time frame retracement to fill a -FVG on the daily chart. at the repricing to daily institutional reference point we see price give nice strong signature for the possible sell expansion to most likely take out the draw on liquidity(DOL) at sell side on the daily chart. Enjoy the bearish ride the green...
lets take this entry just using market stracture we have the market bullish
Please, check our technical outlook for EURCAD. Time Frame: 3h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 1.478. The above observations make me that the market will inevitably achieve 1.474 level. P.S We determine oversold/overbought condition with RSI...
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