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EURCAD trade ideas

EUR/CAD BEARS ARE STRONG HERE|SHORT Hello, Friends! We are now examining the EUR/CAD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.588 level. 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
4
EUR/CAD: Wave 5 Trade SetupEUR/CAD is presenting a compelling long setup as what appears to be a five-wave impulse from the June lows looks ready for its final leg higher. The structure shows a classic wave 4 correction that has found support right where Elliott Wave theory suggests it should—setting up a potential wave 5 that could deliver solid risk-to-reward for patient traders. What the Current Structure Shows (Primary Scenario) Clean Five-Wave Impulse in Progress: The move up from the June 2025 lows has unfolded in a textbook impulsive pattern, with waves 1, 2, and 3 clearly defined and wave 4 appearing to have completed its correction. Wave 4 Finds Support: The correction has retraced to a level that respects the typical boundaries for a fourth wave—not too deep to overlap with wave 1, but enough to provide a healthy pullback before the final push. Wave 5 Setup: With wave 4 likely complete, the structure points to wave 5 beginning, targeting the equality relationship with wave 1 at 1.6170. Why the Count Is Labeled This Way The initial surge from the lows shows strong, impulsive characteristics with clear five-wave subdivisions. Wave 3 extended beyond the typical 1.618 relationship with wave 1, which is common in strong trends. The current level, at around 1.5927, represents a logical support zone where wave 4 should find its footing. Trade Setup: Riding the Final Wave Entry: Current levels, with wave 4 appearing to have bottomed. Stop Loss: Below 1.5952—if price breaks this level, the wave count is invalidated and suggests wave 4 may be more complex or the entire structure needs reassessment. Target: 1.6170, where wave 5 achieves equality with wave 1. This is a classic Elliott Wave projection when wave 3 has been the extended wave in the sequence. What to Watch Next (Confirmation or Invalidation) Confirmation: A break of the B wave termination point at 160.50 would be confirmation that wave 5 may have started. Invalidation: A break below 1.5928 would suggest wave 4 is not complete and may be forming a more complex correction. After Wave 5: Once the target is reached, expect a significant correction as the entire five-wave sequence from the June lows completes. Alternate Count If the current support fails, wave 4 could extend into a more complex correction—possibly a triangle or double zigzag—before wave 5 begins. This would delay but not necessarily invalidate the bullish scenario.
Long
by TheSignalService
1
EURCAD - Weekly Resistance Might Shift The Momentum!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURCAD has been overall bullish trading within the rising channel marked in blue. However, it is currently approaching the upper bound of the channel. Moreover, the red zone is a strong weekly resistance. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and resistance. 📚 As per my trading style: As #EURCAD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
3
EURCAD at key resistance: Will price rebound to 1.5215?The price is currently at a strong resistance level, where it has struggled to break through and reversed sharply to the downside before. This makes the area particularly important to monitor, especially for traders considering potential short setups. If we begin to see signs of rejection at this level, such as long upper wicks, bearish candlestick patterns, or a clear loss of buying momentum, we could see a move down toward the 1.5215 level . In this particular context I am targeting a very achievable bounce. But if price cleanly breaks out, that would rule out the bearish outlook and suggest even further upside will follow. This area is pretty important and could give us a better idea of where price is headed. Just sharing my thoughts on support and resistance, this isn’t financial advice. Always confirm your setups and manage your risk properly.
Short
by TrendDiva
49
Lingrid | EURCAD April High - Key Resistance Level TestThe price perfectly fulfilled my last idea . FX:EURCAD is extending its bullish leg after breaking out of both a triangle pattern and the downward trendline. The pair reached the 1.59500 resistance area and is now hovering within a broad supply zone where previous reactions occurred. Unless bulls force a sustained breakout, the price may revisit the 1.58060 support for reaccumulation. 📈 Key Levels Sell zone: 1.59500 - 1.59700 Sell trigger: breakdown below 1.59000 Target: 1.58060 Buy trigger: above 1.57500 💡 Risks False breakout from resistance could trap late buyers Extended move may prompt short-term profit-taking Break below the upward trendline weakens bullish momentum If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Short
by Lingrid
15
EURCAD Wave Analysis – 3 July 2025- EURCAD reversed from resistance zone - Likely to fall to support level 1.5800 EURCAD currency pair recently reversed down from the major resistance zone located between the strong resistance level 1.6150 (former yearly high from 2018) and the resistance level 1.5965 (former Double Top from 2020). The downward reversal from this resistance zone stopped the previous impulse waves 5 and (3). Given the strength of the resistance level 1.6150 and the bearish divergence on the weekly Stochastic indicator, EURCAD currency pair can be expected to fall further to the next support level 1.5800.
Short
by FxProGlobal
EURCAD: Sell signal on Double Channel Up Top.EURCAD is bullish on its 1D technical outlook (RSI = 63.955, MACD = 0.010, ADX = 41.562) having peaked on two Channel Up patterns at the same time. Technically it should now start the new bearish wave to test the bottom a little below the 1D MA50. Short, TP = 1.57000. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
EURCAD My Opinion! SELL! My dear friends, Please, find my technical outlook for EURCAD below: The instrument tests an important psychological level 1.6006 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 - 1.5978 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. 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
SELL EURCAD for bullish trend reversal STOP LOSS: 1.6046SELL EURCAD for bullish trend reversal STOP LOSS: 1.6046 Regular Bearish Divergence In case of Regular Bearish Divergence: * The Indicator shows Lower Highs * Actual Market Price shows Higher Highs We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart..... The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with….....trading with the trend, patient and good risk management is the key to success here
Short
by BALE_FX
EURCAD Sell- Go for sell then manage your trade - potentially go lower - Refine entry with smaller SL for better RR, if your strategy allow A Message To Traders: I’ll be sharing high-quality trade setups for a period time. No bullshit, no fluff, no complicated nonsense — just real, actionable forecast the algorithm is executing. If you’re struggling with trading and desperate for better results, follow my posts closely. Check out my previously posted setups and forecasts — you’ll be amazed by the high accuracy of the results. "I Found the Code. I Trust the Algo. Believe Me, That’s It."
Short
by Vincent-DA
2