eurcad shortwelcome here is my eurcad idea market is not clearly bearish or bullish seemed more bearish over last few trading days price trading under 50% fib level of monthly candle & weekly candle price trading under emas and weekly pivot lets see how this setup plays out Shortby Romanovic112
EURCAD BULLISH SCENARIOWell! I'm expecting to see bullish move from there since price has reached an area of deep discount.Longby Alpha-Alm3
EURCAD - Long and Short ideaAs per the chart I have long and short idea. Set an alert and see price action before entering. by howard25350
Sell EURCAD ECB Interest RateThe EUR/CAD pair on the M30 timeframe presents a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.4700. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.4656: This represents the first level of support within the channel. 1.4628: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.4720. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank youShortby KABHI_FOREX_TRADINGUpdated 3313
Strategy for EURCAD this Week with CPITaking a look at the 4hr chart, price action stalled out at the 50% zone leaving 100 pip risk/reward (however you look at it) in either direction to the support and resistance levels I chalked up. The most important technical indicator that I'm paying attention to is the fact that we are still getting red arrows on this timeframe. Once we get a green arrow, I'll look to scale down to smaller timeframes and wait for a buy alert. All trades for effective risk management should always start off as a scalp, followed by position management depending on how price action presues. We do have CPI data from both Canada and the Eurozone this week. The forecasts do leave room for potential surprises but considering the fact we just had a BOC and ECB interest rate meeting, I can't foresee any major trends developing with this pair. Nevertheless, this pair is likely to chop around in this range. Upon arriving at either support or resistance, I'll then provide my next analysis. Until Then... Trade Safe - Trade Well All the Bestby Michael_Harding1
EURCAD possible ideaAfter price retested a daily golden zone, it gave us a shift in market structure on the 4h time frame signaling a potential beginning of a reversal. Price has now formed liquidity above the 4h golden zone that it could use to fuel it's move further to the upside. Longby BlackTygaTrades1
EURCAD#EURCAD - H1 📣 Upon analyzing the 1-hour timeframe, we expect a potential price decline towards the range of 1.4640 if the upward trend is broken at 1.4703. ⛔ Stop Loss: 1.4745 On the other hand, if the price breaks above the level of 1.4745, we can have a positive outlook for price growth towards the range of 1.4800. ⛔ Stop Loss: 1.4703by FXSMARTTUpdated 2
EURCAD LONGThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any Longby akmalsabran901
EUR CAD PRICE - PRICE DOWN FALL TO SUPPORT ZONE EUR CAD PRICE - down fall to strong support zone make a short trade, till 1.45762 marked price line, follow for more live updates Shortby FOREX_TRADER_007Updated 3
EURCAD BUYFrom next week i am going to buy EURCAD! Cause price could not update the minimum. So, next step to update maximum .Longby Impulse_Signals3
EURCAD - DailyNewbie - Bias direction is short Monthly, Weekly and Daily confluence, price bounced at Fib 38.2, possible Head & shouders, TP 1.4771 just before @ 1.4750 at Large Quarter Point. This is my analysis ONLY, looking for Traders to confirm my analysis......by freedmtraderUpdated 0
EURCADPrice made a implosive move to the downside and has now reached support, price made a bullish engulfing candle while rejecting support, we can hopefully now see this pair trend up for a bullish reversal.Longby RicoTrades_0
EURCAD: Quick short opportunity + bonus for long term.EURCAD marginally turned bearish on its 1D technical outlook (RSI = 44.842, MACD = 0.001, ADX = 27.243) as it hit both the 1D MA50 and 1D MA200 today. That is dead neutral on a 15 month basis as the pair has been on a wide ranged price action since the start of 2023. Currently it sits exactly at the middle of this pattern on the 0.5 Fibonacci level. This gives us the opportunity for a quick short term sell on the HL trendline (TP = 1.45750). The HL trendline has always been crossed downwards these 1.5 years so if we see a crossing under the 0.618 Fibonacci, we will sell again and target the 0.786 Fib (TP = 1.43650). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##Shortby InvestingScope3
EURCAD Sell I'm selling the euro against the Canadian dollar, and the recent increase in prices is just a temporary correction. My overall view is still bearish, so I'm targeting a sell price of 1.46047. I expect this target to be reached within the next four weeks, but it's important to be patient in trading. I'll keep you updated on any developments as needed. Pair might still push up some more before hitting our target.Shortby GlobalHornsUpdated 0
EUR/CAD BUYERS WILL DOMINATE THE MARKET|LONG Hello,Friends! Previous week’s red candle means that for us the EUR/CAD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.467. ✅LIKE AND COMMENT MY IDEAS✅Longby EliteTradingSignalsUpdated 116
EURCAD TARGET REACHED 🎯 Results. You can not afford to miss these type of trades again. Start following Blue_Magic_fx Please follow as motivation. by Blue_Magic_fx0
DeGRAM | EURCAD the chart broke the channel downEURCAD broke out of the channel. The chart broke the level of dynamic support, which now acts as resistance. The price has reached the 62% retracement level. We think that after the support breakout the price will continue to decline. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks for your support!Shortby DeGRAM113
EURCAD is approaching a significant levelHey Traders, in today's trading session we are monitoring EURCAD for a selling opportunity around 1.46800 zone, EURCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.46800 support and resistance area. Trade safe, Joe.Shortby JoeChampion2
EURCAD can be stopped again from the old structure areaEURCAD can be stopped again from the old structure area Technical Analysis: From the previous analysis, EURCAD has failed to break 1.4765. This zone was tested several times in the past and the price then decreased. The price may decrease again from this area since we also have the ECB's rate decision on Thursday. It will be interesting to see how the market reacts ahead of the meeting. A bullish move above 1.4765 would increase the chances of further upside. Downside targets: 1.4665, 1.4565, 1.4480 Bullish targets: 1.4910 PS: I think there is more chance of a bearish wave You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Shortby KlejdiCuniUpdated 4418
Long From SupportPrice is falling towards a solid support zone which aligns with the 50% Fibo retracement and the Ichimoku cloud. A bounce from this level could lead the price to rise to our take profit. I'm bullish biasedLongby ChrisLaw1112
EURCAD-In a sideways patternA nice sell stop opportunity in EURCAD based on support and resistance.Shortby hamidshaikhsarmaaya1
EURCAD longyesterday i had two amazing bull runs with USDCAD and GBPAUD taking my acount balance from $102 to $469. This morning during london i entered two seperate positions which was EURCAD and EURJPY. Both trade were in profit until after london then we got a huge move down causing mme to close at a -$78 loss. The account balance is now $361 and ive entered EURCAD for another long position at support. Long06:00by Bluesclues365221