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EUR/CAD Weekly Short Setup – Bearish Reversal Play Initiated a short position on EUR/CAD from a key resistance zone after a significant upward move showing signs of exhaustion. 🔻 Entry: ~1.5689 🔻 Stop Loss: 1.6100 (Approx. 3.10%) 🎯 Take Profit: 1.3390 (Approx. 14.67%) ⚖️ Risk/Reward Ratio: 4.73 Price is reacting to a weekly supply zone with multiple confluences, including weakening bullish momentum on the VMC Cipher B indicator. The divergence signals a potential top, supporting a bearish outlook. Looking for a move back to the lower range of the broader consolidation. Patience is key on this swing setup. #EURCAD #ForexShort #SwingTrade #TechnicalAnalysis #RiskReward #TradingView
Short
by petermichalides
2
EURCAD The Target Is DOWN! SELL! My dear friends, My technical analysis for EURCAD is below: The market is trading on 1.5657 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.5622 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURCAD Set To Fall! SELL! My dear subscribers, This is my opinion on the EURCAD next move: The instrument tests an important psychological level 1.5718 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.5674 My Stop Loss - 1.5743 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EUR/CAD Long Bias🚀 EUR/CAD – Strong Long Opportunity Based on Multi-Factor Confluence Over the past week, I conducted a comprehensive macro and sentiment-driven analysis across G10 FX pairs. Among several potential setups, EUR/CAD emerged as the most fundamentally and technically aligned long opportunity, supported by a confluence of high-probability signals across positioning, macro divergence, and capital flow sentiment. 🔍 Key Drivers Behind the EUR/CAD Long Bias: 1️⃣ Macroeconomic Divergence (ENDO View) 🇪🇺 Eurozone has shown relative stability in core macro indicators: Inflation continues to cool, providing flexibility for ECB rate guidance. GDP growth remains structurally flat but not contracting — suggesting resilience. 🇨🇦 Canada, on the other hand: Shows a deteriorating inflation-growth mix. Retail Sales and Industrial Production trends are softening. ENDO analysis flags CAD as one of the weakest among G10 currencies. 2️⃣ Positioning – COT Report & Z-Scores Speculative traders are increasing their long exposure to EUR (COT net longs rising +13,887 last week). Z-Score on EUR long positions: +1.33 → statistically elevated interest in long EUR exposure. CAD positioning is flat-to-negative, with no bullish buildup in speculative flows. This gives EUR a clear relative edge in terms of speculative conviction. 3️⃣ Score & EXO Sentiment Framework EUR/CAD is one of few pairs showing clear directional consensus across: ✅ EXO Score Sheet: Long Bias confirmed. ✅ RR_w Sheet: Strong risk/reward rating supports further upside. ✅ IR Forecast Sheet: ECB-CAD policy spread favors EUR strength in medium term. 4️⃣ Market Sentiment – Risk Regime We are currently in a “Risk-On” sentiment regime, which generally favors currencies like EUR over defensive, commodity-linked currencies like CAD. CAD tends to underperform in reflationary sentiment waves — especially when Oil fails to support the currency. 5️⃣ Cluster & Trend Confirmation While not a primary factor, cluster analysis shows that EUR/CAD is not in a weak trend regime. Trend alignment over 30 and 14 days remains favorable. 🔚 Conclusion: EUR/CAD is one of the few pairs this week that aligns across all analytical fronts: macro, positioning, sentiment, and structure. In a crowded FX environment, such confluence is rare and valuable.
Long
by Idealadvantage
EURCAD 4H Long 📘 Educational Trade Breakdown 🟩 EURCAD 4H Long Setup (Smart Money Strategy) I've taken a long on EURCAD from 1.56166, after price tapped into a bullish order block and showed signs of accumulation around a structural BOS and trendline confluence. 📈 Entry: 1.56166 🎯 Take Profit: 1.59601 🛡️ Stop Loss: 1.55205 ⚖️ Risk-Reward Ratio: ~1:3.7 — strong asymmetric return 🔍 Confluences: Order Block (O-B) respected Multiple BOS (Break of Structure) indicate bullish continuation Liquidity sweep prior to entry shows potential smart money involvement This setup aligns with institutional order flow theory and provides a clean bullish narrative on the 4H timeframe. ⚠️ Disclaimer: For educational purposes only. Risk wisely and always backtest your edge.
by sksglobaltraders24on
EUR/CAD Will NFP Ignite Wave 3?EUR/CAD has carved out a clear 5-wave impulsive structure with a completed Wave 1 and Wave 3. Wave 2 was a sharp correction, while Wave 4 has been more sideways—just as the Elliott Wave guideline of alternation would suggest. Now, Wave 4 found support right at the 38.2% retracement of Wave 3 (a common termination zone), and the next impulsive leg may already be in motion. Why do I say that? Because price has carved out a textbook leading diagonal for what may be the first wave of Wave 5, followed by a complex W–X–Y correction. And if that wasn’t enough—the Y wave looks to have formed a triangle. Breakouts from triangles are rarely small moves.
Long
by RealWaveTrader-
EURCAD BULLISH OR BEARISH DETAILED ANALYSISEURCAD is currently consolidating within a clean symmetrical triangle formation on the 8H chart, tightening between dynamic support and resistance. Price is hovering around 1.56200 and coiling at the apex of the triangle, suggesting a breakout is imminent. With this structure developing over several weeks, this setup is primed for a high-probability directional move. The overall technical picture is showing compression, and the bullish bias becomes more likely if price breaks and closes above 1.56900. From a fundamental perspective, the euro is gaining moderate strength as the ECB is maintaining a cautiously hawkish tone while assessing economic recovery and inflation persistence. Meanwhile, the Canadian dollar is facing downward pressure following the Bank of Canada's recent interest rate cut — a shift that surprised many traders and sparked risk-on flows away from the loonie. Crude oil prices, which often support CAD, have also turned volatile with no sustained bullish momentum, weakening CAD’s support base. This triangle pattern reflects indecision but also the perfect setup for breakout traders waiting for volatility expansion. A confirmed bullish breakout would likely target 1.59200, with short-term resistance levels offering minor friction around 1.57800. The breakout aligns with a well-balanced risk-reward setup, with a stop area potentially below 1.56000. Price action has respected this structure consistently, adding further confluence for a clean technical move. As EURCAD inches toward a decision point, traders should be on high alert for breakout confirmation and follow-through momentum. This is a textbook volatility squeeze pattern — when it resolves, it tends to run fast and far. With favorable macro fundamentals, this setup has the potential to deliver a solid trend continuation wave in the coming sessions.
Long
by AndrewsMarket-Mastery
EURCAD, MARKET ANALYSIS AND PRICE PREDICTIONEURCAD, is at the moment consolidating at the institutional renegotiation zone, I, believe the decision will favor the Bulls for two reasons: 1) price has swept the sell side liquidity already to activate an institutional BUY ORDER 2) price has broken the renegotiation trend line with a shift candle, meaning price is tasty for the buyside liquidity. Entry is now at 75% discount price. Entry, take profit, and stop loss are clearly marked out on the chat. GOOD LUCK GUYS! DISCLAIMER This analysis might fail due to market uncertainties. Take full responsivity of your capital and manage your own risk!
Long
by Akpambang
Lingrid | EURCAD long OPPORTUNITY in Consolidation ZoneFX:EURCAD has formed a double bottom at the intersection of the support level and upward trendline after a steep correction from the 1.57201 high. The price is consolidating just above 1.56000, showing signs of reversal as it tries to reclaim the bullish structure. A confirmed breakout above minor resistance may open a path toward the 1.56760 level. 📈 Key Levels Buy zone: 1.55800–1.56050 Buy trigger: close above 1.56200 Target: 1.56760 Sell trigger: drop below 1.55800 💡 Risks Failure to hold above the upward trendline could invite bearish continuation Extended rejection from the swap zone limits upward momentum Lower highs forming may signal weakening bullish strength Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
13
EURCAD's Triangle Hints Drop AheadThe correction looks like a contracting triangle, which is a common pattern in Elliott Wave theory. This kind of triangle usually forms during wave B or wave 4. It includes five smaller waves labeled A, B, C, D, and E, which move within two sloping lines that get closer together. There is also a demand zone marked in red on the chart. Triangles often show a pause in the market before the price continues in the same direction as before. In this case, the triangle suggests that once wave E is complete, the price may drop again to finish wave C. The expected target area is between 1.54900 and 1.54320. This outlook remains valid as long as the price stays within the correction channel.
by Money_Dictators