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CADEUR trade ideas

EURCAD Falling Wedge Breakout and Support Bounce EURCAD is currently trading at 1.484, with a target price of 1.505, indicating a potential gain of over 200 pips. The analysis is based on a support and resistance strategy, highlighting a key level of support where the price has recently bounced. A falling wedge breakout has already occurred, signaling a bullish reversal pattern. This breakout suggests increased buying momentum as the price moves away from the support. The support level appears to be holding strongly, reinforcing the likelihood of upward movement. Traders are targeting the next resistance zone near 1.505 as the projected price. The setup reflects a well-defined risk-to-reward ratio, favoring long positions. Monitoring price action at key levels is crucial to confirm the trend. Overall, the pair shows strong bullish potential based on technical patterns and market dynamics.
Long
by AndrewsMarket-Mastery
1
Lingrid | EURCAD shorting OPPORTUNITY at the KEY zoneThe price perfectly fulfilled my last idea. It hit the target. FX:EURCAD is forming ABCD move on the 4H timeframe. The price dropped from this area and it might act as key resistance. If the market manages to push higher toward the 1.48500 level or even above, it could be a opportunity to short alongside the bearish trend by a liquidity grab, where the market takes out stops and attracts sellers before reversing. If price shows signs of rejection at these higher levels—especially if we see bearish pinbar or other confirmation signals—there is a strong possibility of a significant bearish move following that rejection. My goal is support zone around 1.47910 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
3
EUR/CAD - Long Trade Idea.High Probability Setup for a Long Position (In my opinion) Currently we have been in a solid Bearish Trend since Christmas, price has been forming Lower Lows suggesting Sell positions have been preferred. On the HTF we see we are currently Bullish and that price is actually currently in a Long Term Pullback stage. To back this statement up at the end of November price had a very large movement to the downside creating a Strong Low. Price begegging of December then pushed back up filling the Imbalances and taking out Liquidity but we did NOT break the previous high. Although price is below current EMA lines on the Daily Time frame I do believe we will see a large push to the Upside taking out previous Liquidity on this current Bearish Trend. To confirm I would like to see this as a Breakout trade. We have a Trend line on this chart to help us identify a breakout and we can look for Long positions once price actions takes out the most recent 4HR Strong High. Pink POI level that is on this chart is suggesting an area I have marked to suggest where price likes to respect. This will be the level I look for my long positions after price breaks out of this Bearish Trend. Bullish Pressure will be starting to show over the course of the next few days suggested by a Large Engulfing Candle Stick and MacD showing us a Bullish Histogram.
Long
by jamesibartram
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. #XAUUSD #GBPUSD #EURUSD #BTCUSD
Short
by VENRAW
1
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
Short
by VENRAW
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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1