EURCAD - Support Becomes ResistanceHello Traders !
On the daily time frame, The EURCAD broke the support level.
This key level becomes a new resistance level !
So, I expect a bearish move📉
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TARGET: 1.47480🎯
EURCAD trade ideas
EURCAD scenario for a recovery to 1.49000EURCAD potential short-term recovery to 1.49000 level. We see a slight breakout of the downtrend and transition into a sideways trend. Now, we need a stronger bullish momentum for our bullish scenario. We will go to a new November low if that does not happen.
EURCAD Will Explode! BUY!
My dear subscribers,
My technical analysis for EURCAD is below:
The price is coiling around a solid key level - 1.4798
Bias -Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.4912
My Stop Loss - 1.4731
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
EURCAD buyThis pair is forming a continuation pattern (a flag). We anticipate EURCAD to buy upto 1.5330 region to complete the the length of the bullish flag pole.
EURCAD: Bears Will Push
The recent price action on the EURCAD pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down.
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eurcad eurcad has re-entered its wedge. There is a solid resistance at 1.488 on the daily, this resistance can be used as a stop, and a short position can be opened up to the lower support of the wedge.
Bullish Idea for EurcadAs per my analysis Eurcad is on strong daily support, supported with trendline which also indicate Elliot wave starting from that point, and if we look on seasonally the November is bullish for Eurcad.
30-10-2024 _ Short Term Bullish Idea _ EURCAD Daily1. Price breaking through Resistance / Dynamic Trendline.
2. Bullish Flag Pattern.
3. Trdae plan marked.
EURCADIt seems to be that this is the point of reversal on lower time frames.
Weekly/ daily timeframe - a huge triangle - a breakout - a flag
LTF - the impulsive decline looks completed, at least all internal waves look to be in place.
What it means also:
- is EURUSD set for a larger correction?
- if CAD weakens, is this a signal for a stronger oil?
What do you think?
Trade safe
EURCAD: Strong Bearish Pressure 🇪🇺🇨🇦
While USDCAD looks strongly bullish,
bears keep pushing EURCAD lower.
The price broke and closed below both a key daily horizontal support and a falling trend line - a vertical support.
It opens a potential for a bearish continuation lower at least to 1.479
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EURCAD FORECASTTraders, this pair is looking promising. The price shows that it has failed to continue pushing to the upside after failing to break the potential highs and closing above. It has given us the indication that it is likely to drop to the downside after breaking all lows impusively, guys whenever we have a failed continuation like this, the failed structure becomes a volume for the price to move to a long distance that's why we expect more of a selling momentum to come ahead.
ECAD: Long or Short?As we all know, the market will do 1 of 2 things; buy or sell. My bias is a short, however, the market will need to pullback to the previous broken zone and show rejection, only then will I enter into a short position. If the market pulls back and breaks above the previous broken zone, I will enter a long position upon the market showing and holding a strong support at that zone. This idea will be invalid if the market creates a new zone of support and rejects it to the upside or if it breaks below that newly created zone. Stay tune for the results!
EURCAD sellclean break down of the consolidation formed since July
a lot of fake breakouts of the 1.51 level
fall down expecting
EURCAD, Bearish Continuation after Double TopDouble Top Formation @ Weekly Resistance Zone
Bearish Trend Continuation
Major weekly support Broken
New lows Formation
Sell Order @ 38% retracement
Support Break retest will be the best entry
Enter with sell stop @ 1.4866
Target Towards major horizontal levels
Stoploss 1.49340
EUR/CAD Short H4 "Let's wait for Pullback !!!"Sell Limit @ 1.50914
S/L @ 1.51816
T/P1 @ 1.48191
T/P2 @ ---------
R.R.R. @ 1/3
Pure Price Action Trading based on Pullback of Key Level.
Keep it calm and keep trading !
EURCAD Faces Rejection: Bearish Reversal at Key ResistanceEURCAD recently encountered a strong rejection at a key resistance level, signaling potential downside momentum. This reversal hints at a possible bearish continuation as sellers gain control.
EURCAD - 4hrs ( Sell Trade Target Range 240 PIP ) 🟢 Pair Name :EUR/CAD
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Short )
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Bearish Break
1.48750 Area
Reasons
- Major Turn level / D
- visible range hvn
- Fixed Range Hvn
- P m + w low
- Choch Zone
Bullish Reversal
1.46500 Area
Reasons
- Major Turn level
- Visible Range Lvn
- Pattern Target
- Quarter low
- Fibo Golden
BUY ORDER - EURCAD BUY ORDER FROM 1.4930
SL - 1.49000
TP -1.50800
TRADE AT YOUR OWN RISK - NOT FINANCIAL ADVICE
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EURCAD BUY PROJECTION EURCAD as you can see is in a consolidated zone, we can see price touching it severally. I expect price to go long
EUR-CAD Support Ahead! Buy!
Hello,Traders!
EUR-CAD is falling down
To retest the horizontal
Support of 1.4860 and
Despite our swing bearish
Bias we will be expecting a
Local bullish rebound
Buy!
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Check out other forecasts below too!
EURCAD Range Buy Opportunity!EUR/CAD is currently at a key support level within a consolidation range. The pair has been bouncing between support and resistance, offering multiple trade opportunities. With price holding steady at the lower boundary, this could be a great chance to buy, targeting the top of the range. Keep a stop-loss just below support to limit risk in case of a breakout.
EUR_CAD WILL GROW|LONG|
✅EUR_CAD fell again to retest the support of 1.4860
But it is a strong key level
So I think that there is a high chance
We will see a bullish rebound and a move up 1.4960
LONG🚀
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EURCAD Short idea 15min timeframe EntryEurcad
Looking for a sell
Entry @ 1.49125
Stop Loss @ 1.49480
Take Profit 1 @ 1.48747
Take Profit 2 @ 1.48391
Risk Reward - 1:2
