EURCAD - Overextended and Ready to Reverse?The EURCAD pair is showing clear signs of exhaustion in its bullish trend on the monthly chart, with an overextended price that has already liquidated a significant high. Futures market analysis confirms the accumulation of short positions, suggesting a potential bearish movement driven by institutional players. On the daily chart, the price has shifted to a clear downtrend.
Technical Analysis:
🔹 Monthly Chart:
The price has reached overextended levels, signaling a possible reversal.
A key high has been liquidated, indicating potential demand exhaustion.
🔹 Futures Market Data:
Short positions are accumulating, showing that major market participants are positioning for a bearish move.
Commercial market conditions reflect a weakening bullish sentiment.
🔹 Daily Chart:
Structural change confirms a bearish trend.
Possible selling opportunities on pullbacks to recent resistance levels.
Eurcadsell
EUR/CAD Trying To Breakout Strong Support , Be Ready For Sell !Here is my opinion about EUR/CAD , The price at very strong support and can`t close below it , so if we have a clear closure below it we can enter a sell trade with the retest and targeting 150 pips at least . just wait for the breakout and for bearish Price Action and then we can go down hard with it ! if we have not a closure below so this idea should be canceled .
EURCAD Approaching Major Resistance - Will Sellers Step In?OANDA:EURCAD is approaching a key resistance level, marked by significant selling pressure. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reaction if sellers step in again.
The current market structure suggests that if the price confirms a rejection from this resistance level, there is a high probability of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 1.57500 level, which serves as a logical target within the current market structure. However, a break above this resistance would invalidate the bearish bias and could lead to further upside.
This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
EURCAD at 2009 Highs – Is a Massive 1,000 Pip Sell-Off Imminent?It's been a while since my last idea! (Too busy traveling lately 😅)
Today, we're zeroing in on a high-probability short setup on EURCAD. This pair has surged strongly since the start of the year, fueled by all the Trump-related market chaos.
Once we smashed through 1.52—last year's key resistance (a level where we previously banked over 600 pips on a massive drop)—the market has been steaming towards the next major SELL zone between 1.58 and 1.615. This area has been rock-solid resistance since 2009, causing significant sell-offs each time we've tested it. Can history repeat itself? Let’s dive into the charts.
Weekly Chart:
After the initial spike into our key zone in early March, we saw an immediate 600-pip rejection, but buyers quickly regrouped and drove the pair to fresh highs near 1.60. Crucially, we're now seeing a lack of follow-through on recent highs, which is a classic sign of buyer exhaustion. Even more telling, this week's candle is a spinning top—a textbook reversal signal.
Daily Chart:
Zooming into the daily timeframe, price action is becoming increasingly choppy with multiple rejection candles at the highs—clear signs that sellers are starting to step in. Additionally, MACD divergence is glaringly obvious, reinforcing the bearish setup.
4-Hour Chart:
At the 4-hour level, the market is now trapped in a tight sideways range between 1.57 (floor) and just above 1.58 (ceiling). The MACD continues to signal divergence—another strong indication that the bullish momentum is losing steam and a reversal is likely imminent.
How I'm Trading It:
Given all these signals, I'm using my TRFX indicator to build a long-term short position, targeting sell signals on the 8-hour and daily charts. The daily chart alone has been flashing multiple sell signals already (see below):
One last thing: Don’t be surprised by a quick fake-out spike toward the upper bound at 1.615—it’s very common in setups like these. Any sharp spike up should get quickly rejected, giving us another great selling opportunity.
Targets:
First Target: Last year's major resistance at 1.52—expect a reaction and possibly a bounce here.
Second Target: Longer term, I'm eyeing a deeper move toward the major support level around 1.43, offering a huge profit potential if the reversal fully plays out.
That's my game plan—let me know your thoughts below! 😊
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EURCAD Approaching Major Resistance - Correction Incoming?OANDA:EURCAD is approaching a significant resistance zone, marked by prior price rejections and strong selling pressure. This area has historically acted as a key supply zone, indicating the potential for a pullback if sellers step in and regain control.
If the price rejects this resistance, we could see a pullback toward 1.55000, aligning with a corrective move after the recent bullish rally. However, a clean breakout above this resistance zone would invalidate the bearish bias and could lead to further upside toward higher levels.
Traders should monitor for bearish confirmation signals, such as rejection wicks, bearish engulfing candles, or increasing selling volume, before considering short positions.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments! 📉
EURCAD Trending Lower - Will It Drop To 1.54670?OANDA:EURCAD is currently trading within a descending channel, indicating a strong bearish structure. The price has broken below a key support zone, which has now flipped to resistance, aligning with a potential bearish continuation. The recent retest of this level held successfully, indicating strong seller interest and reinforcing the bearish outlook.
With momentum favoring the downside, the next logical target is 1.54670, aligning with the lower boundary of the descending channel. As long as the price remains below the resistance zone, the bearish bias stays intact.
Let me know your thoughts or any additional insights you might have!
EURCAD at Key Resistance Zone - Potential Drop to 1.50180OANDA:EURCAD has reached a significant resistance zone, marked by prior price rejections, suggesting strong selling interest. This area has previously acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers regain control.
If the price confirms resistance within this zone through bearish price action (e.g., wicks or rejection candles), we could see a move toward 1.50180, which represents a logical target based on recent structure.
However, if the price breaks and holds above this resistance area, the bearish outlook may be invalidated, potentially opening the door for further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
EURCAD Resistance , All eyes on SellingHello Traders
In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET
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EURCAD - Sell Setup at Clear Resistance ZoneOANDA:EURCAD is approaching a significant resistance zone. This zone has consistently acted as a key area of interest where sellers regained control, leading to reversals. If the price confirms rejection through bearish price action, such as wicks signaling rejection, I anticipate a move downward toward the 1.49600 level.
However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside.
Proper risk management is essential, given the possibility of price breaking higher.
This is not financial advice but rather how I approach support/resistance zones. Always wait for confirmation, like a rejection candle or volume spike before jumping in. And let me know what you think of this setup in the comments!
EURCAD - Look for a short !!Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. Price almost filled the imbalance and formed hidden divergence for sell.
On H1 we have regular divergence in waves, short after BOS
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EURCAD IdeaEURCAD has formed:
- on H4 timeframe: has formed a descending channel in red and now its retesting it on or the third touch so we're searching for a short (sell) trade on a lower timeframe
- on M30 timeframe as you all can see it formed an ascending trendline in blue with more than 3 touches so we can consider it as a valid trendline so we're waiting for a M3o candle to close below the last touch so we enter a short (sell) trade
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EURCAD - Short active !!Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action after price rejected from bearish OB + institutional big figure 1.49000.
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#EURCAD 1DAYEURCAD (1D Timeframe) Analysis
Market Structure:
Support Trendline Breakdown: The price has broken below a key ascending trendline support, indicating potential weakness and bearish pressure.
Forecast:
Wait for Retest, Then Sell: A retest of the broken trendline as new resistance could provide confirmation for a selling opportunity.
Key Levels to Watch:
Entry Zone: Look for price rejection at the retest of the trendline or near resistance areas before entering a sell position.
Risk Management:
Stop Loss: Placed above the retest zone or recent swing high to limit risk.
Take Profit Zones: Target nearby support levels or Fibonacci extensions for potential downside moves.
Market Sentiment:
Bearish Bias: The breakdown suggests sellers are gaining control, but waiting for a retest offers a safer entry point to confirm the trend reversal.
#EURCAD 4HEURCAD 4-Hour Analysis
The EURCAD pair has formed an ascending triangle pattern on the 4-hour chart, but the price has broken down below the triangle's trendline support. This breakdown signals potential bearish momentum, making it a viable sell opportunity.
Technical Outlook:
Pattern: Ascending Triangle and Breakdown Trendline Support
Forecast: Bearish (Sell Opportunity)
Entry Strategy: Enter a sell position following confirmation of bearish momentum, such as a retest of the broken support acting as resistance or continuation of lower highs.
Traders should look for additional confirmation through bearish candlestick patterns and supporting indicators like RSI or MACD. Proper risk management is crucial, with stop-loss orders placed above the retest level and profit targets set at the next key support zones.
EURCAD - Potential short !!Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB + level 1.49000.
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