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EURCAD trade ideas

EURCAD H2 Best Level to SHORT/HOLD +100/+200 pips🏆 EURCAD Market Update H2 chart 📊 Technical Outlook 🔸broke down on high vol 🔸compression BEAR FLAG 🔸Mid-term: BEARS 5500 🔸Status: compression/dump 🔸5710/5720 heavy S/R BEARS 🔸5520/5540 key s/r zones below 🔸Price Target Bears: 5520 🔸final pump possible 🔸strategy: SHORT SELL 5710/5720 🔸SL 40 pips TP1 +100 pips TP2 +200 pips 🔸swing trade setup for patient traders 📊 Forex Market Update (May 7, 2025) 🇪🇺 EUR/USD 📉 Price: \~1.1370 USD strength ahead of Fed dampens Euro German HCOB Services PMI fell in April; ECB rate-cut bets rising Key Levels: Support 1.1320 | Resistance 1.1380 🇬🇧 GBP/USD 📉 Price: \~1.3320 (slid from recent highs) Modest USD buying ahead of Fed decision BoE policy caution keeps Pound in check Key Levels: Support 1.3300 | Resistance 1.3400 🇺🇸 DXY (US Dollar Index) 📈 Price: \~99.39 Supported by rising U.S. yields and Fed rate-cut delays Pressured by strategic uncertainty and trade tensions Key Levels: Support 98.00 | Resistance 100.00
Short
by ProjectSyndicate
39
EURCAD: Bearish Outlook For Next Week Explained🇪🇺🇨🇦 Earlier, I shared a very bearish outlook for EURCAD on a daily time frame. During the NY session on Friday, the price retested a broken support of the flag and formed a head and shoulders pattern on that. Its neckline violation provides a strong bearish confirmation. I expect a bearish continuation on Monday. Goal - 1.5505 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VasilyTrader
4
EURCAD: Your Trading Plan For Today⚠️EURCAD is currently testing a recently violated horizontal support level within a trading range. It is highly likely that this broken structure has now become resistance. We will look for a confirmation to sell upon a bearish breakout of the neckline of a descending triangle pattern on the 1-hour timeframe. A close of the hourly candle below 1.5545 will confirm this violation, with an anticipated bearish continuation targeting at least 1.5538.
by linofx1
2
EUR/CAD Bearish Reversal Setuphello Trader what are your thoughts on eurcad. Enrty: 1.59-1.60 stop loss 1.61 take profit 1.50 Analysis: Key Resistance Zone: The red-highlighted area around 1.5800 marks a strong resistance zone where price previously faced rejection. Double-Top Formation: A potential double-top pattern is forming, indicating a bearish reversal. Bearish Projection: The blue trend lines suggest a downward move after a possible retest of the resistance area. Support Levels: The marked horizontal blue lines at 1.5581, 1.5411, 1.5269, 1.5151, and 1.4977 represent key support levels where price might react. Target Area: The projected move suggests a decline towards the 1.5151 level, with further downside potential toward 1.4977.
Short
by KingProTrader
3
EURCAD: Another Bearish Pattern 🇪🇺🇨🇦 Earlier, we spotted a head & shoulder pattern on EURCAD on a daily and a confirmed breakout of its neckline. Analysing a price action, I spotted another bearish formation today. The price formed a bearish flag pattern, and it is retesting a broken trend line at the moment. I think that the pair may drop lower soon. Next support - 1.5503 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VasilyTrader
1
A LESSON IN PATIENCE!!!! Part 3 of EURCAD SELLS!!!All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!! www.tradingview.com
Short
by Simply-Forex
NO SET UP = NO TRADE....so be PATIENT!!! EURCAD SELL part 2All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!! www.tradingview.com
Short
by Simply-Forex
RISK ON = STRONG AUD...BUT I prefer EURCAD SELLS!!!All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!! www.tradingview.com
Short
by Simply-Forex
EUR/CAD – Bullish Setup with Buy Limit StrategyPair: EUR/CAD Trend: BULLISH Entry (Buy Limit): 1.5651 Stop Loss (SL): 1.5634 Take Profit 1 (TP1): 1.5668 (1:1 R:R) Take Profit 2 (TP2): 1.5685 (1:2 R:R) Lot Size: 0.82 Total Risk: $200 Total Reward Potential: $300 ✅ Trade Strategy: Buy the Dip In this setup, I’m placing a Buy Limit order at 1.5651, aiming to enter the market on a pullback within the current bullish trend. This technique allows me to get in at a better price before the next upward move. I’ve split the trade into two parts: Trade 1: Risk: $100 Reward: $100 Target: TP1 @ 1.5668 (1:1 Risk:Reward) Trade 2: Risk: $100 Reward: $200 Target: TP2 @ 1.5685 (1:2 Risk:Reward) This strategy locks in early profit while allowing for additional upside capture if the trend continues. 🔍 Market Analysis: Why Bullish on EUR/CAD? 1. Strong Euro Fundamentals The Euro remains supported by positive sentiment surrounding ECB policy, as inflation control remains a priority. Investors are favoring EUR over other majors. 2. Weakness in Canadian Dollar CAD is under pressure due to soft oil prices and dovish signals from the Bank of Canada. Lower energy demand is a drag on CAD performance. 3. Technical Outlook Current price action shows a classic pullback opportunity Market structure: Higher highs, higher lows remain intact Price nearing a strong support zone at 1.5650 RSI resetting below 50, ready to bounce 50 EMA still above 200 EMA – bullish confirmation 📌 Summary: I'm taking advantage of the bullish structure with a Buy Limit at support, aiming to catch the next leg higher. With clearly defined SL and TP levels, and a balanced risk approach, this trade setup follows the "buy low in trend" principle. 🛑 Always manage your risk and watch for high-impact news events that may influence EUR or CAD. 🔗 Hashtags: #EURCAD #BuyLimit #ForexTrading #TradingSetup #BullishTrend #PriceAction #TechnicalAnalysis #SmartMoney #RiskManagement #ForexSignals #CurrencyTrading #ForexCommunity #SwingTrading #ForexLife #TradeSmart
Long
by asimafridi
EURCAD-H1-LONGBuy Setup: Price has successfully broken above the descending trendline, marking a shift from bearish to bullish momentum on the 1-hour timeframe as of May 19, 2025. The breakout is supported by higher highs forming, with the current pullback testing the broken trendline as potential support. Ichimoku conditions align with the bullish outlook—price is above the Kumo, Tenkan-sen has crossed above Kijun-sen, reinforcing the upward potential. Entry is set at the current level with a target near the next resistance and a stop loss below the recent low for a favorable risk-reward ratio.
Long
by MB2020MB2020
EURCAD Technical & Order Flow Analysis (Swing Trading)Our analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will fall to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a boost or comment!
Short
by dkb14246
1
EURCAD BUY TRADE PLAN🔥 Pair + Date EUR/CAD – May 19, 2025 📋 Plan Overview Table Trade Type Direction Confidence R:R Status Swing BUY 75% 1:2.4 Waiting/Planned 📈 Market Bias & Type Bullish Continuation Bias Market recently broke out of H4 consolidation structure with strong impulsive candles and is currently in a retracement phase. Daily higher low seems to be protected so far. 🔰 Confidence Level 75% CONFIDENCE ✅ Trend Structure Alignment (D1/H4): 30% ✅ Clean Breakout + Volume on Bullish Impulse: 20% ✅ Retest with decelerating bear momentum (H1): 15% ⚠️ No Major News Headwinds at current moment: 10% 📍 Entry Zones Primary Buy Zone: 1.5635 – 1.5650 (within recent broken structure + FVG zone) Secondary Buy Zone: 1.5585 – 1.5605 (deeper retest + old support) ❗ Stop Loss (SL) with Reasoning SL for Primary Entry: 1.5560 Below previous H4 higher low & structural base SL for Secondary Entry: 1.5510 Below daily consolidation base and invalidates bullish structure 🎯 Targets TP1: 1.5745 (retest of recent H1 supply) TP2: 1.5800 (top of current daily range) TP3 (Optional): 1.5880 (potential daily breakout extension if continuation follows) 🧠 Management Strategy Risk: 0.5–1.0% per entry zone depending on trader’s risk preference Scale-In: Partial at secondary zone Move to breakeven after price closes above 1.5715 (H1 candle close) Secure partials at TP1 ⚠️ Confirmation Checklist Criteria Status H1 Bullish Candle in Buy Zone ❌ Waiting H4 Bullish Structure ✅ Confirmed Volume Spike on Retest ❌ Not Yet Entry during London/NY Session 🔄 Awaited ⏳ Validity Primary Entry: Valid for next 12–16 hours (intraday H1) Secondary Entry: Valid for next 48+ hours (swing potential) ❌ Invalidation Conditions Daily close below 1.5520 Break of H4 bullish structure with momentum (invalidates swing setup) 🌐 Fundamental & Sentiment Snapshot EUR: Stable; no major rate decisions this week CAD: Crude oil softening may weaken CAD slightly Sentiment: Risk-on flows could support EUR over CAD in coming sessions COT: Euro net longs increased slightly; CAD positioning neutral 📋 Final Trade Summary EUR/CAD shows a high-probability bullish continuation with a corrective pullback underway. Entry zones marked based on price structure, volume gaps and dynamic retests. Plan includes both intraday and swing management strategy depending on execution area.
Long
by jibkhan111