Tarrif tension is over. Buyers are backPrice got at a discount value with a confirmation of buyers entering the trade.
EURCAD trade ideas
A Bearish OpportunityThe market has been forming a series of higher highs and higher lows, but with weaker broken highs. An hourly liquidity sweep led to a swift bearish movement, clearing the swing low at 1.47490. Anticipating a flip to level 1.48000 for a bearish entry.
Trade Plan:
- Entry: 1.48000
- Stop Loss: 1.48500 (50 pips)
- Target: 1.45912 (over 200 pips)
- Risk-Reward Ratio:
Market Analysis:
- Market structure: Higher highs and higher lows, with weaker broken highs
- Liquidity sweep: Hourly sweep led to a swift bearish movement
- Swing low: 1.47490
EUR/CAD Daily AnalysisAfter breaking through horizontal support/resistance at 1.4900, price was faced with the rising trendline originating in February.
After a pullback and retest of the 1.4900 zone, we have now seen an impulsive drop in price, closing below the trendline.
Tuesday saw a retest of the trendline and a rejection, however with the daily candle having a bullish close, we wait to see if sellers can break the low for a further drop in price.
EURCADThe potential sell scenario for the pair this week:
The pair is to be monitored as it approaches the designated sell zones on the chart.
EURCAD Short updatePrice ended up ripping through the other supply zones I had marked up and stopped at the daily supply zone and is now having a perfect rejection from it
EURCAD ViEW!!Deutsche Bank has released a matrix of potential market reactions to various US election scenarios, while admitting that its own team is divided and the reactions are highly uncertain.
"We see the most bullish dollar outcome as a red sweep and the most bearish dollar outcome on a blue sweep, but the magnitude of the moves is likely larger in the former," the report says. "We see short EUR/CAD and long MXN/ZAR as the two most asymmetric trades in FX heading in to the election."
EURCAD short positionTechnical Analysis: The pair recently reversed from a resistance level of 1.4885 and is likely to fall to the support level of 1.4750.
DayEURCAD pairs day time frame is indicating that it will form a reversal pattern, two strong resistance zones have been formed and a strong support zone has also been formed, this is my original opinion
Resistance 1.48600--1.49500
Support 1.44700
Bullish rise?EUR/CAD is falling towards the pivot and could bounce to the 1st resistance which is an overlap resistance.
Pivot: 1.4712
1st Support: 1.4708
1st Resistance: 1.5008
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Overlap resistance ahead?EUR/CAD is rising towards the resistance level which is an overlap resistance that is slightly below the 61.8% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.48814
Why we like it:
There is an overlap resistance level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.5078
Why we like it:
There is a pullback resistance level that lines up with the 88% Fibonacci retracement.
Take profit: 1.45564
Why we like it:
There is a pullback support level.
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EURCAD may enter into may bullish phaseEURCAD may enter into may bullish phase
Historically, seasonality data supports a bullish outlook for the EURCAD currency pair. However, the COT report on non-commercial positions does not align with this bullishness, showing a reversal trend against EUR relative to CAD. While CAD exhibits stronger endogenous positive sentiment than EUR, which challenges the bullish outlook for EUR, overall endogenous factors still favor EUR due to a significant rise in retail sales. Conversely, CAD's sentiment is improving due to a notable increase in manufacturing data and number of orders. Overall, a combination of leading economic indicators, along with endogenous and exogenous factors—supported by growth in real GDP aligned with global GDP—supports a bullish stance on EURCAD.
update on eurcad,the eurcad buys played out as anticipated. NB : the analyses update on the eurcad sells was based on the potential of market reversing . tp on the iniatial buy was hit , we got out at tp one and sell limits were activated . the sells SL was hit proving the initial analysed based on todays buys was correct.
the take away is ; constantantly be pattient and trust your setup . do not make unnecessary analyses and trade updates when market is moving on your direction . eurcad trades ended in break even as the sl was measured on the R:R from the initial profit from the buy tp one . no loses incurred .
update on the eurcad trade trade conditions updated due to strong bearish side. overall if in profit , adjust to take profit and look to sell under the following conditions.
If price reaches the 1.4630-1.4650 zone and shows rejection (e.g., bearish engulfing candle, break of structure), consider selling near this level. Aim for 1.4550 (previous OB-daily) as the primary target. Place it above the buyside liquidity zone at 1.4665-1.4670.
Allow price to reach key liquidity zones before making trading decisions.
1.4630-1.4650 Zone (Buyside Liquidity): This area could act as a significant resistance where price may seek liquidity. you should watch for bearish rejection here.
1.4550 Zone (Previous OB-Daily/Internal Liquidity): This is a critical support zone where buying interest could emerge if the price continues downward.
eurcad pontential buy trade .The chart shows a strong bearish movement overall (downtrend), with some signs of a potential corrective move to the upside (green arrow pointing toward liquidity above). If price remains above the internal range liquidity and begins moving upward, the gap fill scenario could play out, targeting higher levels. If price forms bullish confirmation (e.g., bullish candlestick patterns or breaking a key intraday resistance), consider buying around 1.4600-1.4610.
Wait for price action to show clear signs of rejection (bearish) or momentum (bullish) in the identified zones.
Check for any high-impact events (e.g., central bank speeches, economic reports) that could affect EUR or CAD pairs.
Monitor related pairs (e.g., EUR/USD, CAD/USD) to align directional biases.
EURCADThis is a huge downtrend, and after a huge tanking, I am observing some slight consolidations and pull back. speculating to see it tank even more from here.
EURCAD 25 Nov analysisEUR/cadis experiencing mixed momentum, influenced by both technical levels and ongoing fundamental developments in the Eurozone and UK economies. Here's the forecast for the week ahead:
EURCAD shortShorts on EURCAD could be a nice play depending on how we approach our supply zone. I have 3 zones currently marked out but the first one was a previous structure point and had a little bit of accumulation so I have a higher confidence in that one holding. Will be waiting for lower timeframe entry after price arrives at the zone.
Shorting EURCAD: From Eiffel Tower to Canadian Beaver Tails- Your One-Way Ticket to Profits LOL
The Eurozone's got more cracks than a sidewalk after a monster truck rally. Seriously, their economy's shakier than a chihuahua with a sugar rush.
Canadian loonie's about to get stronger than a hockey player after a double-bacon poutine. Get ready for the maple syrup to flow like profits into your account!
Europe's on vacation mode, but their currency ain't invited. While they're sipping piña coladas, the loonie's gonna be working overtime, leaving the Euro in the dust.
Shorting EURCAD is like betting on a snail race against a cheetah. It's pretty much a guaranteed win (unless that snail has a hidden jetpack, which, let's be honest, is unlikely).
Imagine all the maple syrup-flavored Lamborghinis you can buy with your EURCAD short profits! Okay, maybe not Lamborghinis, but definitely enough poutine to make your taste buds do a happy dance.
So there you have it, folks. Shorting EURCAD is a recipe for financial fun (and maybe a slight case of diabetes from all the poutine you'll be eating). But hey, winning trades and delicious Canadian treats? Sounds like a sweet deal to me!
EURCADthis pair has been in strong down trend in 4h, 1h, and 15 min time frames. I am putting an order here for a short position
EURCAD - Bearish TradePrice is moving in bearish trend with descending channel.
Entry will be at Fib retracement 0.5 (1.47507) with SL above Lower high.
EUR/CADLovely play to the downside as price broke back below the hook point and gave a H1 continuation. I took this on the break of the continuation in which this hit my TP for +12%.
EUR-CAD Support Ahead! Buy!
Hello,Traders!
EUR-CAD keeps falling
Down and the pair is
Locally oversold so after
The pair hits the horizontal
Support of 1.4550 we will
Be expecting a local bullish
Correction and a move up
Buy!
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