Im loooking for buy setups nextThe target is gonna be the next resistance level which is around 1.4900.
EURCAD trade ideas
Potential 400 pips short move here Clean break and hook out of the rising wedge here, waiting for it to retrace to the 38.2% Fib. Since CAD is highly influenced by oil prices I assume we're going to see higher oil prices in the near future, causing the Euro to deprecate against the CAD.
EUR_CAD WILL GO UP|LONG|
✅EUR_CAD will soon retest a key support level of 1.4740
So I think that the pair will make a rebound
And go up to retest the supply level above at 1.4806
LONG🚀
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EURCAD - Short active !!Hello traders!
‼️ This is my perspective on EURCAD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action after price rejected from bearish OB + institutional big figure 1.49000.
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EURCADThe expected trajectory for the pair in the coming days suggests a likely continuation of the downward trend.
Trade Idea: EURCAD SellTrade Idea: EURCAD Sell
Higher Timeframe Context (HTF):
Identify a premium supply zone or an imbalance (FVG) on the 4H or daily timeframe where price is likely to reverse.
Confirm this zone aligns with a significant resistance area or HTF order block (OB).
Price Action Confirmation:
On the lower timeframe (1H or 15M), wait for price to enter the HTF premium zone.
Look for bearish market structure shifts (MSS) such as:
Break of a short-term low.
Formation of swing highs (liquidity above).
Verify liquidity grab (e.g., price takes out a key high before reversing).
Entry Criteria:
Refine your entry around a mitigation zone like a smaller OB or FVG inside the HTF premium array.
Place the stop-loss above the liquidity grab or HTF premium zone.
Targeting Liquidity:
Set your first target at an obvious equal low or liquidity pool on the HTF.
Extend the final target to an unmitigated demand zone or imbalance below the initial target.
Risk Management:
Use a low-risk entry (e.g., 1-2% of account balance).
Ensure at least a 1:3 risk-to-reward ratio before executing the trade.
eurcad4H time frame now price is near strong horizontal resistance bias is bearish target price is 1.48033
SellDid you see how price broke our the chart pattern and break significant support and resistant zone? Now price is going back to the respected zone we will sell if it touche it again.
SellDid you see how price broke our the chart pattern and break significant support and resistant zone? Now price is going back to the respected zone we will sell if it touche it again.
EURCAD Will Go Higher! Buy!
Please, check our technical outlook for EURCAD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.476.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.480 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EUR-CAD Potential Long! Buy!
Hello,Traders!
EUR-CAD is moving down
But as the pair is about to
Hit a horizontal support
Level of 1.4720 soon
A local bullish rebound
Is to be expected
Buy!
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Check out other forecasts below too!
EURCAD Short1)Trend defined. 4h Downtrend.
2)Contradictory entry. At previous point of stall before the continuation.
3)Default loss. Above the zone.
4)Default target level. First 3.86 second 5.49.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
EURCADLooking at this chart, short term trades signal a sell towards the two previous supports. Currently trading around the composing bearish continuation flag, once the support breaks, we look to sell and use the flag's resistance as the SL with open ended targets, I prefer scalping method for such analysis'.
EURCAD: Bearish Forecast & Bearish Scenario
Balance of buyers and sellers on the EURCAD pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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EURCADWe can attempt to buy EURCAD from specified level as it make HL , also 0.618 FIB level intact indicate that it moves upward.
SL , TP mention in chart.
LongSo, the bullish wedge formation was confirmed around 3 pm yesterday. It seems like this was the completion of wave 2, and now we’re moving on to wave 3. I’m eagerly waiting for the 7 am news and how the price reacts. Until then, it’s time for a cup of coffee!
A move to 2020 high?Initial inverted head and shoulders idea found rejection at 0.79% fibonacci retracement 1.50248 but outlook for EUR/CAD has not changed much as price holding just shy above feb 2024 uptrend. on the fundamental front the eurozone let loose monetary policy and will continue to cut rates to to boost the weak economy. across the pond in canada potential turmoil ahead.
Eur/Cad sunny forecast I like what I see and may have an inverted head and shoulders to the upside. 🚀 entry 1.4910 to target 1 at 1.4970 then 1.5030
Bearish reversal off 61.8% Fibonacci resistance?EUR/CAD is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.48821
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 1.49410
Why we like it:
There is a pullback resistance level.
Take profit: 1.47454
Why we like it:
There is a pullback support level.
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EURCAD Long Swing PositionEntry: 1.48954
Stop Loss: 1.47609
Take Profit 1: 1.50159
Take Profit 2: 1.51100
Take Profit 3: 1.52910
EURCAD: Bearish Outlook Explained 🇪🇺🇨🇦
EURCAD formed 2 bearish patterns on a daily:
first, the price violated a support line of a rising parallel channel,
a neckline of a double top formation was violated then.
It indicates a strong bearish pressure on the market.
The market may reach 1.475 support soon.
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EURCADBearish continuation
trend break strong support
and now i think will make a lowerlow !!
disclaimer
this is not a signal
i just share what i see
this trend line so beautiful !
EUR/CAD LONG FROM SUPPORT
Hello, Friends!
The BB lower band is nearby so EUR-CAD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 1.490.
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