EURCAD TRADE IDEAFirst the EURCAD trend is still Bullish, price is respecting the H1 levels + 200MA confluence, we also have additional entry, with LTF confirmation. You can add to watch-list if this matches with your IDEA
EURCAD trade ideas
The EUR/CAD 1-hour chart shows a clear bullish trend The EUR/CAD 1-hour chart shows a clear bullish trend within an upward-sloping channel, with prices bouncing off support near the 1.4900 level. The pair recently broke above the channel's midline and is heading towards the upper boundary around 1.5100. This suggests the potential for further upside in the near term, with the current price action maintaining support at higher lows.
Key points to watch:
- Support: 1.4900 (bottom of the channel).
- Resistance: 1.5100 (top of the channel).
- A breakout above the upper boundary could signal strong bullish momentum, while a rejection could lead to a retracement back to the midline or lower channel support.
This setup offers a potential trading opportunity depending on confirmation of the next move. Monitor price action and volume to confirm the breakout or reversal.
The EUR/CAD Daily Chart shows trading within a rising channelThe EUR/CAD Daily Chart shows trading within a rising channel structure since early 2023, with the price respecting the upper and lower boundaries of this trend. Currently, the price is bouncing from a key support zone near 1.49, which aligns with the lower boundary of the rising channel.
- Key resistance is around the 1.512 area, where the price has repeatedly faced selling pressure.
- A breakout above this resistance could push EUR/CAD towards the channel's upper limit near 1.53.
- However, if bearish momentum continues, the price may retest the lower channel support around 1.48-1.475.
This technical setup suggests a balanced risk-to-reward ratio, with traders awaiting either a breakout or a rejection at key levels. It's a good time to monitor this pair for potential directional confirmation.
EURCAR - ShortsShorting EURCAD in an institutional area.
Entry highlighted there because price action keeps bouncing around that area.
Stop loss is 18 pips.
TP is 106 pips because i'd like it to sell off into the imbalance area.
Overall, I'd like to see price action continue bearish since it broke structure but i see a fat imbalance to the upside so will also keep my eye on that.
EurcadEurcad is on a down trend so we are expecting sells but after the pull back to the zone den we sell
EURCAD - Short TradePrice swept liquidity, made a false breakout of the 1D swing, and closed below.
After that, we have a break in market structure, which shows us sign of weakness on key level.
That's why there's a higher probability of seeing prices lower at FTA (first trouble area) as next liquidity level.
Keep it simple and consistent!
Update Short EUR/CADI reentered short at the top of the pin candle. If the candle will remain a pin candle that should be an inversion pattern. I think that know will start a downtrend until the target because the structure is a short structure. This is only my opinion and I am short with a microdot.
Usually I open position with 5 microlots but not on Cad pairs.
EUR/CADWe have a bullish continuation and a small hook point sitting below. I will be waiting for the retest of that and first tight continuation on the 15m / 5m to take long.
EURCAD: Short Trading Opportunity
EURCAD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell EURCAD
Entry Level - 1.5050
Sl - 1.5087
Tp - 1.4993
Our Risk - 1%
Start protection of your profits from lower levels
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EURCAD LONGEURCAD has been on a buy trend on D1 TF, its safe to say EURCAD is trying to liquidate the previous high. Right now price is around an AOI which is very strong and i expect a pullback up to 1.50571 which is my planned entry level as well and stop loss at around 1.50440, and i aim to take profit at 1.51463.. Lets see how it goes..
EURCADhi everyone..
here i just make a speculation that EURCAD still downtrend
the price can't break the strong resist at timeframe H4
so, the risk reward to make a short so interesting !
disclaimer
this is not a signal
i just share what i see
thanksyou
EURCAD Trading Opportunity! SELL!
My dear friends,
My technical analysis for EURCAD is below:
The market is trading on 1.5044 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.4975
Recommended Stop Loss - 1.5078
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Institutional Supply: EUR/CAD Shorthey traders,
back to it, been a while I know.. 95% of my trading is fully automated nowadays.
but I'll help you guys out with some charts again!
quick reminder, the daily zones are for the bias, the 4hour needs to shape up nicely with star patterns to consider any trades.
kind regards,
max
EURCADCurrently on EURCAD on the daily timeframe price took out the Thursday highs on Friday and closed below them and on the 4hour timeframe price has retested the CSD multiple times and respected it, and now we are expecting price to go down.
EURCAD is in a Bullish PatternHello Traders
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EURCAD: Bearish Forecast & Outlook
Looking at the chart of EURCAD right now we are seeing some interesting price action on the lower timeframes. Thus a local move down seems to be quite likely.
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EURCAD Long - this one looks good to go long right at the open. but I will see how this looks on LTF. if I get an entry, EC long will be my first call tomorrow.
A possible buy trade on EURCADThe price on EURCAD is at a key horizontal level. If the price breaks out of this level, and candles start closing above it (making wicks below this level), that'll be a good sign supporting the possibility of an upward move. If the candles start closing below this level (making wicks on top), then that'll be the sign that the price might get rejected by this level. Then a downward move might be possible.
Personally, I am keeping an eye on the upper most trend line. My perception is that the price might continue upwards from here on, at least up to that upper most trend line.
Possible Short Eur/CadIdea based only on chart analysis, break of structure with rentracement on the upper order block and now it is time to go down until the the rose box in the picture, where there is a consistent order block.
This is my personal idea and I just entered short with a microlot.
EURCAD: Short Signal Explained
EURCAD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell EURCAD
Entry Level - 1.5055
Sl - 1.5100
Tp - 1.4966
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
EUR/CAD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
EUR/CAD is making a bullish rebound on the 4H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.497 level.
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EURCAD IS TRENDING BEARISHAbove is a 4hr Euro/Canadian dollar chart which shows price has been breaking lows and trading lower. We have trendline liquidity that price took out after reacting to a 4hr supply zone. Price created a huge 4hr fair value gap (fvg) at premium price. If price is to continue with the Bearish market structure then we need to see price reacting to the 4hr fvg and giving us a shift in market structure.
As we wait for the market to finish retracement, goodluck.🌟🌟🕣
