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EURCAD trade ideas

EURCAD at Key Resistance Zone - Potential Drop to 1.50180OANDA:EURCAD has reached a significant resistance zone, marked by prior price rejections, suggesting strong selling interest. This area has previously acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers regain control. If the price confirms resistance within this zone through bearish price action (e.g., wicks or rejection candles), we could see a move toward 1.50180, which represents a logical target based on recent structure. However, if the price breaks and holds above this resistance area, the bearish outlook may be invalidated, potentially opening the door for further upside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Short
by TrendDiva
3
EURCAD - Nearing A Massive Resistance!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per our last EURCAD analysis, it rejected our blue support zone and traded higher. What's next? 📈EURCAD has been overall bullish, trading within the rising channel, however it is currently retesting the upper bound of the channel. Moreover, the red zone is a strong resistance zone. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the resistance and upper blue trendline acting as a non-horizontal resistance. 📚 As per my trading style: As #EURCAD approaches the red circle, 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
12
EURCAD My Opinion! SELL! My dear subscribers, My technical analysis for EURCAD is below: The price is coiling around a solid key level - 1.5098 Bias - Bearish Technical Indicators: Pivot Points Lowanticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.4998 My Stop Loss - 1.5155 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURCAD: Wave 4 Nearing Completion, Wave 5 on the HorizonIt looks like we have completed or are close to completing wave 4 for EURCAD. Since wave 2 retraced to the 61.8% Fibonacci level, the fourth wave should be shallower, with a likely completion around the 38.2% Fibonacci retracement level. Additionally, the formation of wave 4 aligns with a price channel connecting the first three waves, reinforcing the overall structure. Once wave 4 is confirmed, I expect further market growth in wave 5, continuing the broader trend.
Long
by The_Traders_Memoirs
EURCAD Approaching Major Resistance — Potential Sell OpportunityOANDA:EURCAD is approaching a significant resistance zone, a level where sellers have consistently stepped in, leading to notable bearish reversals in the past. This area is marked by strong selling interest and historical price reactions, increasing the likelihood of bearish move if sellers regain control. The current price action suggests that if the pair confirms resistance through signals like bearish engulfing candles, long upper wicks, or increased selling volume, we could see a downward move toward 1.49830 — a logical target based on previous price behavior and market structure. However, if the price breaks above this zone and sustains, the bearish outlook may be invalidated, opening the door for further upside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Short
by TrendDiva
2
EURCAD - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURCAD has been in a correction phase and it is currently approaching the lower bound of the blue channel. Moreover, the green zone is a strong support zone. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #EURCAD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom 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.
Long
by TheSignalyst
19
Buy EUR/CAD High Impact NewsThe EUR/CAD pair on the M15 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 1.5086 2nd Resistance – 1.5124 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
3
EURCAD is in a Bullish Pattern After Testing SupportHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD 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
EURCAD INTRADAY Uptrend breakout supported at 1.5030The EURCAD price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation towards the rising support trendline zone. The key trading level is at 1.0530 level, the consolidation price range zone. A corrective pullback from the current levels and a bullish bounce back from the 1.0530 level could target the upside resistance at 1.5080 followed by the 1.5093 and 1.5122 levels over the longer timeframe. Alternatively, a confirmed loss of the 1.5030 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 1.5013 support level followed by 1.4974. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation