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EURCAD trade ideas

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 reversal off pulback resistance?EUR/CAD is rising towards the resistance level which is a pullback resistance that line sup with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.5548 Why we like it: There is a pullback resistance level that line sup with the 38.2% Fibonacci retracement. Stop loss: 1.5695 Why we like it: There is a pullback resistance level that line sup with the 71% Fibonacci retracement. Take profit: 1.5340 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
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 Forex Bank Heist Plan (Day / Swing Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑💰✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/CAD "Euro vs Loonie" Forex Bank. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Wait for the breakout (1.54200) then make your move - Bearish profits await!" however I advise placing Sell Stop Orders below the breakout MA or Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. I Highly recommended you to put alert in your chart. Stop Loss 🛑: Thief SL placed at 1.56000 (swing / Day Trade Basis) Using the 2H period, the recent / swing high or low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 1.51600 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. EUR/CAD "Euro vs Loonie" Forex Bank Heist Plan (Scalping / Day Trade) is currently experiencing a bearishness,., driven by several key factors. 📰🗞️Get & Read the Fundamental, Macro, COT Report, On Chain Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets.. go ahead to check 👉👉👉 ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions. 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Short
by Thief_Trader
Forex Traders Focus on Trump’s Tariff NewsForex Traders Focus on Trump’s Tariff News As April 2 approaches—the date when Trump's international trade tariffs are set to take effect—traders are increasingly concentrating on this highly uncertain issue. Yesterday, the U.S. president stated that: → Tariffs on cars would be introduced "soon" (but not all possible tariffs would be imposed); → Some countries might receive exemptions; → Nations purchasing oil from Venezuela could face 25% tariffs. Following these remarks: → Oil prices rose; → U.S. stocks gained as Wall Street (according to Reuters) interpreted the comments as a sign of flexibility in trade negotiations. Given this backdrop, the EUR/CAD chart is particularly interesting, as both Europe and Canada frequently feature in news related to the White House's trade policies. EUR/CAD Exchange Rate Today As seen on the EUR/CAD chart, the pair has slightly declined at the start of the week, dipping towards 1.54450. However, market volatility remains high: → The pair has gained approximately 2.85% since early March; → The decline from March’s peak is around 2.6%. Technical Analysis of EUR/CAD The pair’s volatile price swings have formed a trend channel (marked in blue). Notably, the 1.57750 level has shifted from support to resistance, signalling bearish dominance. This is further reflected in the price movement within the red channel. If bears maintain control, EUR/CAD may drop towards a support zone, which includes: → The median of the blue channel; → The 1.54000 support level, drawn from early March’s local low. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
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
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
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
1