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EURCAD trade ideas

Skeptic | EUR/CAD at Crossroads: 1.55849 vs. 1.53291Welcome back, guys! 👋 I'm Skeptic. Today, we’re diving deep into EUR/CAD, analyzing key levels and potential triggers. 🔍 Market Structure & Current Outlook Looking at the 4H time frame , we initially saw an accumulation phase from February 3rd to February 24th. After breaking out from the accumulation range, price rallied strongly, continuing the major uptrend until 1.58552 . Following this peak, EUR/CAD entered a corrective phase, forming a secondary downtrend that retraced to the 0.5 Fibonacci level. Now, the minor downtrend has broken , signaling a potential continuation of the major 4H uptrend. With strong confluence for a bullish move, we’ll be looking for a long setup, but we’ll also prepare for a potential short trigger in case price reverses. Remember, as traders, we analyze the market from both perspectives and execute based on confirmations—skeptical eyes always! 🔮👽 📈 Bullish Scenario (Long Setup): 🔹 Trigger: Break & close above 1.55849 🔹 Confirmation: 7 SMA below the breakout candle RSI entering overbought zone 🔹 Invalidation: Rejection & close back below 1.54325 📉 Bearish Scenario (Short Setup): 🔹 Trigger: Drop below 1.53291 🔹 Confirmation: RSI entering oversold zone ⚠️ Key Notes & Risk Management 🔹 Fundamentals: This Friday is NFP day, a crucial event that could create volatility in the market. Always consider fundamental catalysts when executing trades. 🔹 Risk Management: Avoid overleveraging. Wait for confirmed breaks before entering positions. Stick to your trading plan and stop-loss strategy. Stay sharp, and I’ll see you in the next analysis! 🚀
by SkepticWise
3
EUR/USD (2H Timeframe) Trade PlanEUR/USD (2H Timeframe) Trade Plan 🔹 Trade Setup: Bullish Breakout & Retest Since the price has broken the downtrend and is testing a key level, the plan is to enter on a retest confirmation. 📌 Entry Strategy Entry Point: Wait for a retest of 1.0820 - 1.0840 zone. Look for bullish rejection signals such as: Bullish engulfing candle Pin bar (long wick rejecting downside) Break and close above 1.0840 on smaller timeframes (15M or 1H) 🎯 Target Levels (Take Profit - TP) TP1: 1.0900 (psychological level) TP2: 1.0960 (major resistance) 🛑 Stop-Loss (SL) & Risk Management Stop-Loss (SL): Below 1.0800 (~20-30 pips below support) Risk-Reward Ratio (RRR): 1:2 (if TP1 is reached) 1:3 - 1:4 (if TP2 is reached) 📊 Position Sizing Example (Based on $1,000 account & 2% risk rule) If SL = 30 pips and risk per trade = $20 (2% of $1,000) Lot Size = 0.1 (Mini Lot) for EUR/USD ⚠️ Invalidation & Risk Management If price closes below 1.0800, the bullish setup is invalid. Adjust SL to breakeven once price reaches 1.0880 for risk-free trade. ✅ Final Thoughts Plan: Buy on a retest of 1.0820 - 1.0840, targeting 1.0900 - 1.0960 Confirmation: Bullish rejection at support Risk-Reward: Minimum 1:2, ideally 1:3 - 1:4 Risk Per Trade: 2% max
Long
by aziezieam
3
EUR/CAD LONG Investment OpportunityHello, I am Forex Trader Andrea Russo and today I want to talk to you about an interesting trade on EUR/CAD. In the world of Forex, every trade is a combination of analysis, strategy and intuition. Today I decided to open a buy position (BUY) on EUR/CAD based on the 4-hour timeframe. This choice comes from technical and fundamental signals that indicate potential favorable movements. The details of my trade: Entry Price (Entry Point): 1.53771 Stop Loss (SL): 1.52444 Take Profit (TP): 1.55621 I set the Stop Loss at 1.52444 to manage the risk effectively. It is essential to protect the capital, especially in a volatile market like the currency market. At the same time, the Take Profit is set at 1.55621, aiming to capture a significant positive movement. Why EUR/CAD? EUR/CAD has an interesting market dynamic influenced by European and Canadian economic factors. At the moment, technical indicators such as support and resistance, along with trend analysis and candlestick patterns, suggest a possible growth opportunity for the Euro against the Canadian Dollar. Conclusion Every trade is a step towards knowledge and experience. Although the outcome may vary, disciplined approach and risk management are always at the heart of every decision. I will update you on the results of this trade and continue to share my trading strategies and ideas.
Long
by Andrea_Russo_SwipeUP
2
Bearish revrsal off pullback resistance?EUR/CAD is rising towards the pivot and could reverse to the 1st support which is a pullback support. Pivot: 1.5629 1st Support: 1.5420 1st Resistance: 1.5731 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EUR/CAD BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! EUR/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.542 area. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
EURCAD A Fall Expected! SELL! My dear subscribers, This is my opinion on the EURCAD next move: The instrument tests an important psychological level 1.5572 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 - 1.5508 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
EURCAD Massive Long! BUY! My dear subscribers, EURCAD looks like it will make a good move, and here are the details: The market is trading on 1.5441 pivot level. Bias - Bullish My Stop Loss - 1.5341 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.5603 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. 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
Long
by AnabelSignals
1
EURCAD Long Bias ! chart shows a potential buy setup after a pullback. Price found support around 1.5350, which lines up with key Fibonacci levels, making it a strong area for a possible bounce. Buyers have stepped in, pushing the price back above 1.5500. The idea here is to target 1.5850 while keeping a stop loss below 1.5350. As long as price stays above 1.5500, the bullish outlook makes sense. But if it drops below 1.5350, the setup could fail, leading to more downside. The overall momentum suggests a good chance of continuation upwards.
Long
by Justfxtrades
EURCAD Resistance , All eyes on SellingHello Traders In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET today EURCAD analysis 👆 🟢This Chart includes_ (EURCAD market update) 🟢What is The Next Opportunity on EURCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000