Looking for price to fill the FVG and short EUR/CADPrice has had a nice BOS after the liquidity to the downside. We're looking for the retrace back to the FVG to take shorts to the previous lower liquidity levels. If you're into patterns this would be a clean "head & shoulders"!Shortby jasonrraynor4
EUR/CAD Bearish Reversal Setuphello Trader what are your thoughts on eurcad. Enrty: 1.59-1.60 stop loss 1.61 take profit 1.50 Analysis: Key Resistance Zone: The red-highlighted area around 1.5800 marks a strong resistance zone where price previously faced rejection. Double-Top Formation: A potential double-top pattern is forming, indicating a bearish reversal. Bearish Projection: The blue trend lines suggest a downward move after a possible retest of the resistance area. Support Levels: The marked horizontal blue lines at 1.5581, 1.5411, 1.5269, 1.5151, and 1.4977 represent key support levels where price might react. Target Area: The projected move suggests a decline towards the 1.5151 level, with further downside potential toward 1.4977. Shortby KingProTrader114
EURCAD SHORT BIAS My bias on EURCAD is short because the market structure is forming a Higher Low, and my Fib Retracement to my 61.8 level is indicating the same bias as well Shortby bruceanthony1082
Bullish Pullback (Bullish Flag) or Trend Reversal**EUR/CAD (4H) Chart Pattern Analysis** 📊 Based on the **4-hour chart**, here’s a breakdown of the **current market structure and potential trade setups**: **🔍 Chart Pattern: Bullish Pullback or Trend Reversal?** - **Trend:** The market has been in a **strong uptrend**, with price consistently trading above the **50 EMA (yellow line)**. - **Recent Pullback:** The price has retraced slightly after making a **higher high**, but it is still respecting the **21 EMA (purple line)** and **50 EMA (yellow line)**. - **Possible Pattern Formation:** - **Bullish Flag:** If the price consolidates and breaks above **1.5700**, we could see **continuation to new highs**. - **Double Top Reversal:** If the price fails to break above resistance and drops below **1.5525**, the trend might reverse. **📈 Bullish Scenario (Trend Continuation)** ✅ **Entry:** Buy on break and close above **1.5700** ✅ **Stop Loss (SL):** Below **1.5620** (recent support) ✅ **Take Profit (TP):** - **TP1:** 1.5750 - **TP2:** 1.5800 - **TP3:** 1.5850 (extended target) 📌 **Confirmation Needed:** - Strong bullish candle closing above **7 EMA & 21 EMA** - Volume increase on breakout --- **📉 Bearish Scenario (Trend Reversal)** ❌ **Entry:** Sell if price drops below **1.5525** ❌ **Stop Loss (SL):** Above **1.5650** ❌ **Take Profit (TP):** - **TP1:** 1.5480 - **TP2:** 1.5400 - **TP3:** 1.5350 (major demand zone) 📌 **Confirmation Needed:** - **Break of 50 EMA** with strong bearish momentum - Increased selling volume --- **📊 Summary** 🔹 **Trend is still bullish**, but price needs to hold above 21 & 50 EMA for continuation. 🔹 **Key Level:** **1.5700 for bullish breakout** OR **1.5525 for bearish reversal**. 🔹 **Wait for confirmation before entering a trade!** by TradingStar090Updated 3
EURCAD BUY/LONGBy utilizing Fibonacci retracement levels, historical patterns, , we can formulate a hypothesis that the market might follow a similar trajectory if bullish sentiment prevails. Longby trendwithbank1
EURCAD Long Idea 13-03-25Looking at the technical it is a 'Buy'. This combined with the indicators Fib Retracement and Bollinger there is a good support at the -0.13 line. Entry- 1.56242 Tp1- 1.56442 Tp2- 1.57225 SL- 1.55834Longby UbiqueTrading3
EURCAD FORECASTToday guys! We are here again with another potential which is really developing nicely EURCAD looks better from the higher timeframe, what we only wait is structure formation from the lower timeframe as the continuation of the trend. Because the higher timeframe has already painted the picture of what price can do next So guys I wish a good trading day and God Bless!Short07:18by Richard_Mkude4
EURCAD Wave Analysis – 12 March 2025 - EURCAD reversed from the resistance area - Likely to fall to support level 14.20 EURCAD currency pair recently reversed from the resistance area between the long-term resistance level 1.5800 (which has been reversing the price since the start of 2020) and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the previous upward impulse wave (3). Given the strength of the resistance level 1.5800, EURCAD currency pair can be expected to fall to the next support level 14.20. Shortby FxProGlobal3
EURCAD - Weekly Forecast - Technical Analysis & Trading IdeasOANDA:EURCAD 💡 Daily Timeframe: As forecasted by 4CastMachine AI, The Euro also reached our TP7 at 1.5777 by breaking the resistance at 1.5156. The broken resistance area will serve as our new support area and Buy Zone. As long as this area is not broken down, there is a possibility of a resumption of the uptrend. If the price enters our new buy zone with a corrective wave and is rejected from it, we will enter with buy trades. 💡 H4 Timeframe: The bearish wave is expected to continue as long as the price is below the strong resistance at 1.5857 💡 H1 Timeframe: The uptrend is broken, and price is in an impulse wave. 1.5729 support is broken now. It will act as a Resistance now! Forecast: Correction wave toward the Sell Zone Another Downward Impulse wave toward Lower TPs __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button 👍 . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) 🙏 Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support TeamShortby ForecastCity151535
EURCAD is in the Up-TrendHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexMasters2000Updated 113
EUR/CAD CREATES 240 WEEKS HIGH AFTER MARCH RATE CUTSeveral factors have influenced EUR/CAD in recent times. Despite last week’s rate cut, the pair continued to rally, driven by market sentiment and optimism about a potential shift in monetary policy. From Eurozone inflation, currently at 2.4%, which slightly eased from January’s 2.5%, which contributed to the ECB’s decision to cut rates in March 6th by 25bps, to escalating trade tensions between the U.S. and Canada, with the U.S. announcing plans to double tariffs on Canadian steel and aluminum to 50% in response to Ontario’s electricity surcharge each development has played a role in shaping price action. Since June, the ECB has lowered rate for six times but offered no clear guidance on future policy during it last policy meeting, thereby leaving markets uncertain amid a period of heightened volatility, further exacerbated by the Trump administration’s challenge to established international cooperation. Earlier today, the ECB president Christian Lagarde said "Our expectations have indeed been swept aside in the last few years, and in the last few weeks in particular, "She also said. "We have seen political decisions that would have been unthinkable only a few months ago." Therefore, "We can be clear about our reaction function, and notably how we are likely to be affected by changing circumstances and what kind of data we will look at," UPCOMING CATALYST The Bank of Canada’s rate cut decision is set to be released today, March 12, at 5:45 PM GMT+4 (Dubai time), with the market already pricing in a 25bps cut. Looking ahead, Canada’s inflation data is scheduled for release next Tuesday, March 18, followed by retail sales data on Friday the 14th. These key economic indicators have the potential to drive significant market volatility, making it crucial for traders and investors to stay alert for potential price movements. TECHNICAL VIEW The EUR/CAD maintained its bullish momentum, reaching a 240-week high of 1.5857 on March 11, 2025. However, the pair rebounded after encountering strong resistance at the psychological 1.5900 level. This pause suggests investors are taking profits while awaiting the Bank of Canada (BoC) rate decision later today and assessing the market impact of the newly imposed 50% U.S. tariffs on Canadian imports. As the price retreats, the 1.5581 level emerges as a minor support to watch, aligning with the 23.6% Fibonacci retracement level. On the overall, the pair remains bullish, extending its gains from the previous week. If buying momentum persists, the price may attempt another push toward the 1.5900 resistance and a break above could potentially target 1.6000 in the coming weeks. However, if sellers gain control following the BoC rate decision, the decline could extend towards key Fibonacci levels: 1.5581 (23.6%), 1.5410 (38.2%), 1.5271 (50.0%), and 1.5133 (61.8%), with the latter being a particularly strong support zone which was broken on the 3rd of March. The RSI momentum has also remained above the 70 overbought level since late February, signaling a possible market correction as per technical analyst. by CFI6
Could the price drop from here?EUR/CAD has reacted off the pivot and could drop to the 1st support level which acts as an overlap support. Pivot: 1.5866 1st Support: 1.5545 1st Resistance: 1.5995 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets11
EURCAD BUY!So far Euro is in strong uptrend and presents a good buying oppurtunity against weak canadian dollar..... Buy when 4hr candle closes above horizental line.... Please like and share your ideas... (IMP: TODAY IS USI CPI NEWS)Longby KAsH_SIGnALS1
EURCAD Bullish EURCAD is showing bullish trend, the trend is expected to be continued as we can see there are series of higher high and higher lows and there is no divergence at RSI. We can enter into the trade after the break of HH, keeping the last HL as stop loss.Longby matifakbar111
EURCAD - LongEURCAD is bullish with no bearish divergence. Entry is at retracement at HL.Longby ZubairShah910
The way forward for the EURCAD currency pairThe EURCAD price trend after the current upward trend is in the range of 1.58, even with partial downward corrections! Please note that the chart is on the weekly time frame. In addition, the analysis performed on this chart does not consider the trading entry position and is only considered to express the price target. Good luck. MJ.REZAEIby MJrezaei2Updated 2
short. extremely overdone.. wick highs = reshorts.short. extremely overdone.. wick highs = reshorts. Check out our socials for some nice insights. Let us know if there're any pair you like to see or if this is something you like. Do ask if you have any question Not as refined as our direct trade setups. More for advanced active traders. information created and published doesn't constitute investment advice! NOT financial adviceShortby MabelmUpdated 8
EURCAD resistance zoneEURCAD is close to the multi-year resistance zone from where we could have a good opportunity for a pullback and a return to the bearish side.by Aleksin_AleksandarUpdated 5
Bullish Continuation Pattern (Bullish Flag)Bullish Continuation Pattern, Bullish Flag 🔹 Bullish Flag – The price had a strong upward move, followed by a slight consolidation. If it breaks above resistance, it could continue the uptrend. 📊 Key Levels to Watch: Target 1.57000 Stop Loss 1.55300 Support: Around 1.555 Resistance: Around 1.561 - 1.565 If price breaks above resistance with volume, it could indicate a strong bullish move! 🚀 ⚠️ Risk Management: Always use 1-2% risk per trade to protect capital. 📌 Trade Wisely & Stick to Plan! 🚀Longby elitetrader9090Updated 3
Bullish Ascending Triangle Pattern EUR/CAD✅ **EUR/CAD Trade Idea with Risk Management** ✅ 📈 **Trend:** Bullish continuation (possible breakout) 📊 **Entry:** Buy above **1.561** after confirmation 🎯 **Take Profit (TP) Levels:** - **TP1:** 1.564 - **TP2:** 1.568 - **TP3:** 1.572 🔻 **Stop Loss (SL):** **1.555** (below support level) ⚠️ **Risk Management:** Always use **1-2% risk per trade** to protect capital. 📌 **Trade Wisely & Stick to Your Plan!** 🚀Longby TradingStar090Updated 4
EURCAD - Falling wedgeThe pair has shown sign of bearihsness on 1H TF. It formed bearish divergence on RSI and falling wedge chart pattern . A short position can be taken after the wedge is brojen by price and the last los is taken out.Shortby kiki_crypto2
EURCAD chart shows a Bullish Flag PatternThis EURCAD chart shows a **Bullish Flag Pattern**, as indicated on the chart. **Key Observations:** - **Bullish Flag Pattern**: This is a continuation pattern that typically signals a potential upward breakout after consolidation. - **Resistance Zone**: Around **1.56200 - 1.56400**. - **Support Zone**: Around **1.55600 - 1.55700**. - **Moving Averages**: Price is trading above the moving averages, indicating bullish momentum. - **Volume Analysis**: Increased volume on the breakout suggests strong buying pressure. ### **Trading Plan:** - **Entry**: If price retraces to support and shows bullish confirmation, a buy trade can be placed near **1.55700 - 1.55800**. - **Stop Loss (SL)**: Below **1.55400** to minimize risk. - **Take Profit (TP)**: Around **1.57000 - 1.57500** in case of a breakout.Longby elitetrader9090Updated 0