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EURCAD trade ideas

Heading into 61.8% Fibonacci resistance?EUR/CAD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.50935 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 1.51551 Why we like it: There is a pullback resistance level. Take profit: 1.50226 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
EURCAD BUY EUR CAD seems quite bullish with the structure of the market in an up trending structure from a daily perspective we have a pullback now expecting a continuation to the upside, from a fundamental perspective the EUR is stronger than the CAD as the CAD is showing signs of weakness based on recent CPI data, In addition based on evaluation of currency strength the EUR currency pairs are trending up adding confluence of strength to the trade. We have also crossed the 200 ma on a 4h perspective so as such expecting a continuation of the trend to the upside.
by aplustrading_
EURCAD for a sellfrom my strategy stand point am in on eurcad for a sell, and am seeing it sell for the next 2 hours 1. first from the overall movement we are in a downtrend, so with that bias, i am seeing this newyork secession as a continuation, of the trend to the downward side. 2, I confirmed this buy first, on seeing the clear on liquidity, and also the evening star candle pattern that formed on the 15m, chart. that was my confirmation.\ so lets go, Ricch emire in the building
Short
by jamesantiah
1
#EURCAD 1HEURCAD (Euro / Canadian Dollar) Timeframe: 1-Hour (1H) Pattern: Expanding Pattern An expanding pattern, also known as a broadening formation, has been identified on the 1-hour chart of EURCAD. This pattern is characterized by higher highs and lower lows, indicating increased market volatility and indecision. The expanding pattern shows that both buyers and sellers are pushing the price in opposite directions, but with increasing momentum. Typically, an expanding pattern suggests that a breakout in either direction may occur, but the broader outlook is leaning towards an upward breakout in this case. Forecast: Buy The current forecast indicates a buying opportunity, as the price is expected to rise from the lower end of the expanding pattern towards the upper resistance level. This suggests potential gains as bullish momentum builds. Technical Outlook: Support Level: The lower boundary of the expanding pattern, where buyers are expected to enter the market. Resistance Level: The upper boundary, which could be a potential target for the price to reach. Key Levels to Watch: A breakout above the recent highs would confirm the bullish outlook, signaling further upward momentum. Look for confirmation through bullish candlestick patterns or volume increases near support to validate entry points. Stay alert to economic data and oil-related news that might influence the EURCAD pair, as CAD often reacts to oil price changes, while the Euro is sensitive to broader market sentiment.
Long
by PIPSFIGHTER
EURCAD - 4hrs ( Sell Trade Target Range 150 PIP ) 🟢Pair Name : EUR/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ✅Short Opportunity (Bearish Break) Key Level: 1.50100 This is the area where you’re looking for a potential short entry, expecting a bearish continuation. Reasons for Entry: ✅ Major Turn Level: This refers to a significant price area where price has historically reversed or paused, indicating it's a critical level. ✅Visible Range: This likely refers to a visible volume profile tool, highlighting price levels that saw high or low trading activity. The focus here might be on low-volume areas (LVNs), which could indicate a lack of interest at this level and easier price movement downwards. ✅Fibonacci Golden Zone: A retracement into the 61.8%-65% zone, which is a commonly watched area for reversals or trend continuations. ✅Choch Zone: This could stand for "Change of Character," a price action term often used to describe a shift from a bullish to a bearish structure, indicating a potential trend reversal. ✅Weekly Low: The price is testing or approaching the low of the weekly timeframe, often a critical level that traders use to confirm the strength of a trend. ✅Major Trend Line 4th Bounce: This suggests that the price is touching a long-standing trend line for the 4th time, which can either act as strong support/resistance or eventually lead to a breakout after several tests. ✅Target (Bullish Reversal) Key Level: 1.48500 This is where you’re watching for a bullish reversal, expecting price to find support and possibly reverse upwards. Reasons for Reversal: This level could be supported by similar technical reasons, such as the proximity to important support zones, Fibonacci retracements, or moving averages.
Short
by GoldenEngine
EURCAD Will Go Up! Long! Take a look at our analysis for EURCAD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.502. The above observations make me that the market will inevitably achieve 1.506 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURCAD Possible Short Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - Entry in MAHI Note: * Cancel trade or cut-loss when candle close Above MAHI (2 Green Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Short
by GreggiBond
EURCAD Possible Buy The market is currently testing the current daily Fib area 0.618. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern. We could see Buyers coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Long
by WiLLProsperForex