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EURCAD trade ideas

EUR/CAD – Bearish Momentum ContinuesEUR/CAD – Bearish Momentum Continues EUR/CAD remains in a strong bearish trend, consistently printing a series of Lower Highs (LHs) and Lower Lows (LLs). The market structure confirms ongoing downward momentum. The recent candle also closed bearish, reinforcing the trend. Since the bearish structure is still intact, this could be a good opportunity to open a new short position, following the trend. Trade Suggestion: Entry: Sell at market price Stop Loss & Take Profit: As indicated in the chart
Short
by asimafridi
EURCAD Short 4/29/2025EUR/CAD Short – Multi-Week Weekly Rejection + Bearish Continuation Setting Up Taking a short on EUR/CAD after sustained weekly rejection, daily structure shift, and intraday bearish continuation signs. Weekly Chart: Strong rejection off a key weekly supply level — multiple weeks confirming resistance: Initial rejection week of March 10th. Three back-to-back rejections again during April 7th, April 14th, and April 21st. Clear seller control at this zone, with the latest weekly candle forming a bearish hammer — priming the setup for continuation lower. Daily Chart: Yesterday, we gapped down, tapped a daily level, and closed bearish — signaling sellers are firmly stepping in. Momentum has shifted toward the downside cleanly. 4H Chart: Three candles of bearish behavior after an initial bullish impulse: Bearish hammer, doji, and strong bearish hammer sequence printed. Price is now stalling at trendline support but showing signs of pressure building for a breakdown. 1H Chart: Some minor bullish bounce off trendline support, but the structure is weakening — supply consistently capping rallies. Trade Thesis: Expecting a trendline break soon, accelerating momentum to the downside once 1.5700 gives way. Targets: First target: 1.5700 (structure break) Second target: 1.5500 Third target (extended): 1.5330 Risk Management: Conservative management until 1.5700 breaks. Aggressive partials after clearing 1.5500 toward long-term target.
Short
by Big6Financial
EURCAD Is Going Down! Short! Take a look at our analysis for EURCAD. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 1.591. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.578 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
This 7 Step Analysis Reveals How To Buy Forex PairsHere is another chart example. Now in this one you will notice the difference. The last one [reference below CAPITALCOM:EURJPY ] Had a whipsaw of about -0.2% This whipsaw f'd me up.I stared doubting the strategy. Now in all fairness day trading is hard. So just about now i was watching a video from Tim Sykes. And he said "Focuss on big percent gainers" I say focuss on the trend Do you remember that the last forex pair CAPITALCOM:EURJPY had no percent gain? At the point of entry? In my case it had no gap. So lets look at this chart.And notice the following: 👉The price is above the 50 EMA 👉The price is above the 200 EMA 👉 The price has "gapped" up ✅In this case the price has "gapped" up - ✅In this case The ema's have crossed ✅In this case its followed the rocket booster strategy ❌In this case i have failed to recognise the candlestick pattern As you can see my analysis is not perfect. But what i love about this one is the "Green performance" . Also it follows the rocket booster strategy. Rocket boost this content to learn more. Disclaimer:Trading is risky please learn risk management and profit taking strategies.And feel free to use a simulation trading account before you trade with real money.
Long
by lubosi
EURCAD Long 4/23/2025EUR/CAD Long Setup – Doji Reversal off Daily Support + Clean Intraday Double Bottom Looking to go long on EUR/CAD after a strong multi-timeframe confluence of structure, liquidity sweep, and bullish intent. 4H Chart: A beautiful doji formed after a stop hunt, clearing out long-side liquidity built up since the consolidation zone starting around April 14th. The following three 4H candles have respected that doji's low and are all bouncing cleanly off the key daily support zone at 1.57544 — a strong sign of buyer defense. Daily Chart: Price tapped into a well-established demand zone, holding firm and reacting with precision. 1H Chart: We've got a double bottom forming, but what makes it cleaner is that the second leg didn’t even touch the previous low — early buyers stepped in faster. That’s a sign of strength and absorption. Trade Plan: Entry: Around current level, just above 1.57544 Target 1: 1.58572 (.82R, and also a weekly level) Target 2: Swing high beyond 1.5900 Stop: Just below the doji wick on the 4H This setup combines a clear liquidity sweep, price reaction from daily structure, and intraday bullish intent. If we reclaim 1.5800 with momentum, the high should be in reach.
Long
by Big6Financial
(A re-entry) EUR CAD #0013 Short Swing Trade- A trade limit order was initiated after a failed breakout occurred on the daily time frame against the last month's HIGH. - This indicates exhaustion of the Buyers' interest. - The presence of orderblock on the false breakout zone indicates a reversal pattern. - However, not to be taken frankly, INDUCEMENT is going on at the moment (April 17) in the sideways/accumulation zone. - This represents a bulk of Retail Traders' Stop Losses creating "Liquidity Pools", in addition to the Liquidity Pool on the last Monthly HIGH. - We are anticipating a Liquidity Hunt to occur, absorbing all stop limit orders around the sideways/accumulation (after orderblock) to occur, hence initiating a Buy Order in abundance, where SMART MONEY can take advantage of by initiating a large Sell Order (hence absorbing all liquidity). - This trade is CONTRARIAN in nature and Swing Trading. - The holding period is expected to be between 3 days to 1 week
Short
by NaimEdelweissFX
2
EURCAD Short 4/21/2025EUR/CAD Short Setup – Stop Run and Weekly Reversal in Play We started the week with a burst of bullish activity on EUR/CAD — but it’s looking more like a liquidity grab than genuine strength. Sunday Open: Within 12 hours of the weekly open (during thin liquidity), price broke last week’s high — a level that held all of last week — hinting at a possible engineered stop run. Backdrop: The ECB’s 25bps rate cut last Thursday (April 17) continues to pressure the euro fundamentally. This morning's move likely reflects faux volume aimed at clearing out late sellers before a reversal. Session Structure: Asia: Extended the highs slightly. London: Delivered a sharp drive up, breaking the weekly high mid-session — likely the final liquidity tap before reversing. Now: London has closed. We’re heading into New York with momentum slowing and key reversal patterns forming. Technical Confluence: 15-Min Chart: Clear double top. 1H Chart: Inside bar fakeout forming — breakout failed, candle about to close bearish. These formations align with a classic market maker reversal model following a stop raid. Bias: Bearish. Targeting a move down to 1.53319 — a clean demand zone and structural target. Stops above 1.6000 would be ideal for institutions to aim at, but I don’t believe we’ll reach that high. The signs of exhaustion are already visible. Macro View: With euro weakness post-ECB and potential dollar strength building this week (especially with Trump pressuring global trade again), this may be the start of a decisive trend move to the downside. Let’s see how New York handles this. If momentum confirms, we may be at the very beginning of a significant shift.
Short
by Big6Financial
EURCAD Short 4//17/2025EUR/CAD Short (Re-entry After Rate Cut Reversal) Got stopped out on the previous attempt — but this re-entry offered a stronger, higher-timeframe confirmation. Daily Chart: We printed a long-tailed hammer rejecting hard off a key weekly zone. That wick tested liquidity and snapped back, giving early signs of euro exhaustion. Today, price is flipping into what looks like a bearish engulfing candle — pending the close — suggesting trend reversal pressure is real. Catalyst: The ECB dropped a 25bps rate cut, a shift from my earlier post when no EU news was expected. This move added strong bearish sentiment, especially paired with continued U.S. trade pressure under Trump’s new tariffs. Macro + technicals aligned = clean setup. 4H Chart: Multiple rejections off the weekly zone after that liquidity sweep, followed by an inside bar setup — that was my re-entry trigger. I’ve been holding since yesterday and we’re now running a 1:6.27 R:R play toward a key downside target. 1H Chart: During and after the ECB announcement, price action got messy — hammers, dojis, and fake bullish pushes all turned into supply-heavy rejections. That’s typical “fade the news” behavior when the big players already had their direction. Key Zone: 1.56800 is the final liquidity shelf before price enters clean air. Once we get a solid 4H close below that zone, I expect price to accelerate toward my target at 1.55727. This one’s got weight behind it — technical structure, macro catalysts, and institutional pressure all aligned.
Short
by Big6Financial