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EURCAD trade ideas

EUR/CAD Analysis: Bullish Momentum Strengthened by InstitutionalEUR/CAD is showing significant potential for continued upside, with large speculators holding long positions, according to the latest COT data. This institutional positioning stands in contrast to the prevailing retail sentiment, which remains predominantly bearish, often signaling that retail traders are positioned against the trend. Retail traders, who are typically contrarian in nature, tend to be on the wrong side of the market when they are overwhelmingly bearish. This dynamic provides an opportunity for institutional traders to push EUR/CAD higher, as they target retail stop-loss orders below key levels. With institutional long positions supporting the bullish trend and retail traders positioned on the opposite side, EUR/CAD appears poised for further gains. Traders should watch for key support levels and potential liquidity zones to find fresh entry points as the bullish momentum continues to build.
Long
by OssianH
6
EUR/CAD Weekly Analysis"On Monthly: 200, 50 and 20 EMA are showing Bullish move as the overall move indicates. However, 1.50700 and 1.5200 which is Psychological Resistant are holidng firm. Price moving back down to test 1.4800 another Psychological Support number that is playing Support now which has been respected in the past. Next Support is 1.47140 followed by past 52 Candle Low 1.44500. In short, depite the overall Bullish move, this month we are going Bearish. -- On Weekly: The Uptrend has been broken and it has been tested by last week move. Some may argue that it's Harami Bullish candle formation. However, if the upper and lower wick were much greater, then it would be Harami for sure. If Monday doesn't continue Bullish move, then the reversal to down is the moselikely next move. --On Daily: On 11/22 it hit the Monthly bottom Trend line (RED) and sharly rejected and bounce backed up. It's testing the Daily (GRAY) trendline and candles are getting smaller and it seems they are losing steem and ready to bounce back down to S. 1.47140 a strong historical respected number. All three EMA, 200, 50, and 20 are above price. -- On Hourly: It's trending up and going toward the Daily trendline. As we can see, it has been touched twice and was rejected sharply. Entry would be; Either wait for touch upper Hourly / Daily trendline and confirm the rejection. OR Once the Lower band of Hourly Trendline is broken and confirmed. Bearish move towards 1.47140 historical Support/Resistant. "
by Ha-Lion
2
USD/JPY Weekly Analysis"On Monthly: This pair, Since 2021 has beeb Bullish. That is due to Monetary policy of Japan that it seems recently it slowely changing. There are two Historical Rersistants (160.00 and 155.400) that have been touch, but not broken since 1997. BOJ always interfear with market once the price get to that level. Last month on November, it hit 155.400 and got rejected and it made a Doji Bearish candle that can arguably called Shooting Star. Price is close to 149.00 Psychological number as support in this case. If FED. don't raise the Interested Rate in the month of December, price most likely will bounce back up. -- On Weekly: It made an Evening Starcandle formation and a solid Engulfing candle twice as big of previous candle and it's landing at 149.00 Support. The bearish move now is clear that mostlikepy will continue based on this time frame. --On Daily: It is confirming the Bearish move to 149.00 with all three EMA 200, 50 and 20 supporting it. We need to see how it behaves once it hit 149.00 and adjust our strategy. -- On Hourly: This time frame just shows the same analysis granually. It's consolidating / correcting to continue Bearish move with the support of all three EMAs."
by Ha-Lion
EURCAD is in a Bullish Pattern After Testing daily Support Hello 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 Charts
Long
by ForexMasters2000
Buy EUR/CAD Bullish ChannelThe EUR/CAD pair on the M30 timeframe presents a potential Buying opportunity due to a a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.4795, This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.4874 2nd Support – 1.4912 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
5
EURCAD Strong medium-term buy opportunity.The EURCAD pair gave us an excellent sell signal last time (September 12, see chart below) that easily hit our 1.46550 Target: This time we have a confirmed bottom just a week ago on the 0.786 Channel Fibonacci level, similar to the June 08 2023 bottom, both accompanied by a 1D MACD Bullish Cross. As a result, we turn bullish on this pair targeting 1.5000, which is just below the 0.236 Channel Fib, similar to the July 18 2023 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Is the EURCAD Setting Up for a BUY Opportunity?👀 👉 The EURCAD has made an impressive move off a key support level, showing strong momentum as it approaches previous highs. The question remains—what’s next? I’m closely monitoring for a potential buy setup, specifically if the pair retraces to the critical 50% Fibonacci level. At that point, I’ll be looking for a clear bullish shift in market structure to confirm a high-probability entry. Patience is key here, as waiting for confirmation can make all the difference in achieving consistent results. 📢 Disclaimer: This content is for educational purposes only and is not financial advice.
Long
by fxtraderanthony
Heading into overlap resistance?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 is slightly below the 61.8% Fibonacci retracement. Stop loss: 1.49977 Why we like it: There is an overlap resistance level that aligns with the 127.2% Fibonacci extension. Take profit: 1.47138 Why we like it: There is a pullback support level that lines up with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURCAD - The Perfect Flat Correction. 700pip Move Coming!EURCAD is in a nice 335 Flat Correction. Wave A = 3 waves Wave B = 3 waves Wave C = 5 waves. Wave C We are currently in wave C (5 waves). We have seen wave 1, which was a leading diagonal. Wave 2 was a simple abc correction. Wave 3 a strong bearish impulsive move. We are now in wave 4. It's important to note wave C can follow either an ending diagonal format or an impulsive schematic format. In the latter format, wave 4 cannot go beyond wave 1 completion, making our invalidation level 1.48725 for a risk entry. Trade Idea: - Look for an entry with with stops above 1.48725 (Small stops needed) - Hold position to 1.416 (700pips) If we break above 1.48725, it means wave C is in an ending diagonal format. If this happens, we can look for a lower timeframe trendline break or BOS. See below for our last setup: EURCAD 4H - Entry on break of risk trendline for a more confirmed entry Goodluck and as always, trade safe!
by WicktatorFX
3
Do You Trade Gaps? Here's What You Need to Know!📈 Trading gaps can provide some of the most reliable opportunities in the market—if you know how to handle them. 🔍 What is a gap? A gap occurs when the price "jumps" between two levels, leaving an empty space on the chart. Gaps usually reflect strong market sentiment, news, or low liquidity during off-hours. 💡 Key points to consider: 1️⃣ Types of Gaps: Breakaway Gap: Signals a new trend. Continuation Gap: Often occurs mid-trend. Exhaustion Gap: Marks the end of a trend. 2️⃣ How to Trade Them: Identify if the gap is likely to fill or expand. Use support and resistance around the gap. Always keep an eye on volume—low volume could mean a false move. 3️⃣ Risk Management: Gaps can be volatile! Use tight stop-losses and wait for confirmation before entering. What’s your favorite strategy for trading gaps? Let’s discuss below! 👇
by Safaric
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
by tokelohomi
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."
Long
by FXBANkthe8055