EURCAD trade ideas
EURCAD Bearish Market InsightTechnical Analysis
FX:EURCAD
Upon examining the candlestick patterns, we observe that the bearish candles are notably stronger and longer than the bullish ones. This signifies a dominant bearish presence in the market.
Additionally, the price has touched the trendline for the third time, confirming a sustained downward movement.
Key zones are being broken, and the subsequent retest candles appear weak. To capitalize on this trend, it is advisable to wait for the price to retrace to 1.47735 before adding more sell positions.
Trade Targets
First Target: 1.46298
Second Target: 1.45634
Risk Management
It is recommended to allocate no more than 1% of your portfolio to this trade. Ensure strict adherence to a robust risk management strategy.
Disclaimer
This analysis is solely for educational purposes and should not be considered financial advice. Always conduct your own research and consult with a professional before making trading decisions.
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EURCAD BEARISH ANALYSISTechnical Analysis
FX:EURCAD
Upon examining the candlestick patterns, we observe that the bearish candles are notably stronger and longer than the bullish ones. This signifies a dominant bearish presence in the market.
Additionally, the price has touched the trendline for the third time, confirming a sustained downward movement.
Key zones are being broken, and the subsequent retest candles appear weak. To capitalize on this trend, it is advisable to wait for the price to retrace to 1.47735 before adding more sell positions, as shown with the red arrow
Trade Targets
First Target: 1.46298
Second Target: 1.45634
Risk Management
It is recommended to allocate no more than 1% of your portfolio to this trade. Ensure strict adherence to a robust risk management strategy.
Disclaimer
This analysis is solely for educational purposes and should not be considered financial advice. Always conduct your own research and consult with a professional before making trading decisions.
#GOLD #BTCUSD #GBPUSD #EURUSD
#EURCAD
EURCAD ChartThere is Bearish trend, no any divergence on RSI. Price is Sync with RSI. On LH there is Inverted Hammer along with bearish Engulfing Candle. Instant sell on CMP and SL should on previous LH.
EURCAD - Look for a short !!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. Price almost filled the imbalance and formed hidden divergence for sell.
On H1 we have regular divergence in waves, short after BOS
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EURCAD | 15.01.2025SELL 1.47840 | STOP 1.48650 | TAKE 1.47000 | Technically, the pair continues to move down on the chart. We are seeing a correction of the downward movement. It is recommended to open short positions at the current price with a target at the levels of previous minimums.
EURCAD Is Bearish! Short!
Take a look at our analysis for EURCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 1.478.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.461 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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EURCAD IdeaEURCAD has formed:
- on H4 timeframe: has formed a descending channel in red and now its retesting it on or the third touch so we're searching for a short (sell) trade on a lower timeframe
- on M30 timeframe as you all can see it formed an ascending trendline in blue with more than 3 touches so we can consider it as a valid trendline so we're waiting for a M3o candle to close below the last touch so we enter a short (sell) trade
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EURCAD: Trend-Following Short?! 🇪🇺🇨🇦
EURCAD may drop from a solid falling trend line on a daily.
After its test, the price formed a descending triangle pattern
on an hourly time frame.
A violation of its neckline is a strong intraday bearish confirmation.
Goal - 1.476
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EURCAD BEARISH BAT PATTERN Harmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
EURCAD: Bearish Continuation from Supply ZoneThe EURCAD pair is trading within a descending channel, indicating a bearish market structure. The price is currently approaching a key supply zone, which aligns with the channel's upper boundary.
If the price confirms rejection at the supply zone, I anticipate a bearish move targeting the 1.46527 level, which represents a logical target for this setup.
This setup suggests a continuation of the bearish trend. Traders should watch for confirmation signals, such as bearish candlestick patterns or rejections around the supply zone, before considering short positions.
EURCAD: Bearish Setup at Key ResistanceEURCAD is consolidating after a sharp rebound from lower levels, but the overall structure still hints at a bearish setup. The price is now approaching a key resistance zone around 1.5000–1.5120, a level where sellers have historically shown strong activity. Will the resistance hold, or will buyers push further? The reaction here will be critical.
The current setup suggests that the price may retest the resistance zone before being rejected and starting a move toward the support at 1.4862. A break and consolidation below this level could open the way toward deeper support around 1.4700 and potentially lower.
However, a breakout and consolidation above 1.5120 would invalidate the bearish scenario and signal a potential continuation of the bullish trend.
EURCAD bullish The trade with bullish before any bear this move actually overall of the trend is bearish but for this little time going for bullish before more bearish come 🧏 that is just it check the price
EURCAD GOING OUR DIRECTIONEURCAD is going as i predicted. The Renegotiation support is the Target!
I might not get it correct always, but will get it correct mostly!
EURCAD BUTTERFLY PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
Im loooking for buy setups nextThe target is gonna be the next resistance level which is around 1.4900.
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.
