EURCAD SHORTPrice is at a very strong monthly and weekly resistance zone. Waiting to see if we break below H4 support moving lower to next H4 support around 1.54000. Long term target is 1.51500 where price broke out of a major resistance.
EURCAD trade ideas
EURCADhello trader the price has reached the main support area with OB.. price is consolidating, price is still uptrend in HTF daily-wk, most likely correction for HTF.. no major breakout yet but wait for candle breakout or BOS in small tf and use proper risk management..
good luck
EURCAD Wave Analysis – 17 April 2025- EURCAD reversed from long-term resistance level 1.5840
- Likely to fall to support level 1.5400
EURCAD currency pair recently reversed down from the long-term resistance level 1.5840 (which has been reversing the price from the start of 2020) standing close to the upper daily Bollinger Band and the resistance trendline of the weekly up channel from 2022.
This is the 3rd consecutive failure to break above the major resistance level 1.5840 by this currency pair from the start of this year.
Given the strength of the resistance level 1.5840, overbought weekly Stochastic and the bullish Canadian dollar sentiment seen today, EURCAD currency pair can be expected to fall to the next support level 1.5400.
EUR CAD #0005 Short Position Trading - The hunt of liquidity is in process.
- Monthly Chart indicating an order block beneath the last Monthly HIGH
- The order block price to be fulfilled - making the basis of this position trading.
- The TP is subjective, however we emphasized pragmatism and work with the closest Liquidity Pool (LP) area - LP = closest HIGHS and LOWS.
-Weekly latest HIGHs previously penetrated the order Monthly Order Block.
- Position Trading limit order is in place.
- We're going for a long ride, comrade!
WHAT IS NEXT AHEAD OF ECB MONETARY POLICY REPORT?EURCAD has been maintaining its bullish outlook after a major breakout of the 1.52023 in the first quarter of the year. We have about 1% drop in value so far from the high price of 1.59210 considering the euro strength so far, we’re likely to see another round of impulse move to the upside as there’s no sign of weakness at the moment. I believe price is likely to trade more bullish.
EUR/CAD H4 AnalysisPrice has been in a correction pattern recently after the start of a bearish impulse from 1.5959
Now price has broken out and began the next impulse lower.
Look for a sell setup to target the -27% Fib and then potentially the -61.8% Fib.
This is an idea of what may happen. Always trade with a profitable strategy and good risk management.
EUR-CAD Bearish Breakout! Sell!
Hello,Traders!
EUR-CAD made a bearish
Breakout of the key horizontal
Level of 1.5700 and the
Breakout is confirmed
So we are bearish biased
And we will be expecting
A further bearish move down
Sell!
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EUR/CAD – Bearish Momentum ContinuesEUR/CAD – Bearish Momentum Continues
EUR/CAD remains in a strong bearish trend, consistently printing a series of Lower Highs (LHs) and Lower Lows (LLs). The market structure confirms ongoing downward momentum.
The recent candle also closed bearish, reinforcing the trend. Since the bearish structure is still intact, this could be a good opportunity to open a new short position, following the trend.
Trade Suggestion:
Entry: Sell at market price
Stop Loss & Take Profit: As indicated in the chart
EUR/CAD is in bearish trend.EUR/CAD is currently in a clear bearish trend, consistently forming a series of Lower Highs (LH) and Lower Lows (LL) — a strong indication of ongoing downward momentum.
The most recent candle closed bearish (red), reinforcing selling pressure. This provides a suitable opportunity to enter a short position at the current market price.
Trade Suggestion:
Entry: Sell at market
Stop Loss & Take Profit: As marked on the chart
(A contrarian Re-Entry) EUR CAD #0015 Short Swing Trade- Trade heavily relies on the liquidity pools, the failed breakout of the Price Action along the Liquidity pools, and the presence of Order Block (ie, a reversal indication and a sign of exhaustion in Selling Sentiment - Short Term).
- We aimed to profit from the pip difference between the lower order block and the Fair Value Gap (FVG) during the correction phase.
- The correction phase is inevitable.
- The order block marked yellow is our place of entry.
- Holding Period will be between 1 day to 3 days
Eurcad long position On the EURCAD currency pair, I opened a long position with a target of 1.59. The range and direction were based on my analysis and supported by oscillators.
This 7 Step Analysis Reveals How To Buy Forex PairsHere is another chart example.
Now in this one you will notice the difference.
The last one [reference below CAPITALCOM:EURJPY ]
Had a whipsaw of about -0.2%
This whipsaw f'd me up.I stared doubting the strategy.
Now in all fairness day trading is hard.
So just about now i was watching
a video from Tim Sykes.
And he said "Focuss on big percent gainers"
I say focuss on the trend
Do you remember that the last forex
pair CAPITALCOM:EURJPY had no percent gain?
At the point of entry?
In my case it had no gap.
So lets look at this chart.And notice the following:
👉The price is above the 50 EMA
👉The price is above the 200 EMA
👉 The price has "gapped" up
✅In this case the price has "gapped" up -
✅In this case The ema's have crossed
✅In this case its followed the rocket booster strategy
❌In this case i have failed to recognise the candlestick pattern
As you can see my analysis is not perfect.
But what i love about this one
is the "Green performance" .
Also it follows the rocket booster strategy.
Rocket boost this content to learn more.
Disclaimer:Trading is risky please learn risk management
and profit taking
strategies.And feel free to use a simulation
trading account before you trade with real money.
EUR_CAD BULLISH PENNANT|LONG|
✅EUR_CAD is trading in an
Uptrend and the pair has
Formed a bullish pennant
Pattern so IF we see a
Bullish breakout on Monday
We will be able to go long
On the pair
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURCAD What Next? SELL!
My dear followers,
I analysed this chart on EURCAD and concluded the following:
The market is trading on 1.5726 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.5763
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
EURCAD 16/04/2025Daily:
-Expecting a continuation to the next buyside liquidity zone.
4H:
-Bullish M pattern.
-FVG.
1H:
-Bullish M pattern
EURCAD: Short Trade Explained
EURCAD
- Classic bearish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Short EURCAD
Entry - 1.5807
Sl - 1.5889
Tp - 1.5626
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Sell eurcadBig sell expected from thus level
Monthly sell structure
Daily and weekly overbought pair
Sell Eurcad a big fallBig fall expected minimum 5000 pips
Weekly and daily overbought pair
Monthly sell structure
EUR/CAD SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
EUR-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.562 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/CAD pair.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURCAD Short 4/15/2025EUR/CAD Short Setup (Midweek Reversal Play)
Currently holding a short position on EUR/CAD for the past two days. Price has been hovering around the entry point, showing signs of accumulation and low momentum — likely building volume for a directional move.
Daily Chart: Price is rejecting a significant resistance level, with today’s candle potentially forming a doji. If this confirms, we could see an evening star setup into tomorrow, signaling a strong midweek reversal.
4H Chart: Multiple upper wicks — at least 7 or 8 — show repeated rejection and failure to break higher, indicating strong selling pressure just above our level.
1H Chart: Less conclusive, but not contradicting the higher timeframe bias.
No major EUR news expected this week, which leaves room for technicals to take the lead. Targeting a 1:4 to 1:5 risk-to-reward move, aiming for a sharp drop into recent lows or the next significant demand zone.
EURCADBroke out of weekly resistance zone, Retesting for two days with no signs of bearish pressure to take price back below resistance. Looking to buy targeting next weekly resistance zone. Use your confirmations to enter and watch out for tomorrows fundamentals.
EURCAD The Target Is DOWN! SELL!
My dear followers,
I analysed this chart on EURCAD and concluded the following:
The market is trading on 1.5780 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.5647
Safe Stop Loss - 1.5857
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
