EURCAD: Bearish Continuation & Short Signal
EURCAD
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell EURCAD
Entry - 1.5063
Stop - 1.5120
Take - 1.4959
Our Risk - 1%
Start protection of your profits from lower levels
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CADEUR trade ideas
EURCAD - 28 Jan 2025 SetupEURCAD Market structure are making N pattern on the market structure with strong bullish rally. Spotted demand area (Green Rectangle). its a very good demand area structure after the price creating a higher high.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Coffee Trade Team
EURCAD BULLISH FOR 100PIPSTechnical Analysis: Look for key support and resistance levels, trend lines, and moving averages that might suggest the pair is in an uptrend. A break above recent resistance could signal a potential 100-pip move higher.
Economic Events: Key data releases or central bank decisions related to the Eurozone and Canada (like interest rate changes or GDP growth reports) could influence the EURCAD pair significantly.
Market Sentiment: Assess the overall market sentiment toward the Euro and Canadian Dollar. If the market is generally bullish on the Euro or bearish on the CAD (e.g., due to weak oil prices, which affect the CAD), the pair could see upward momentum.
Price Action: Monitor for bullish candlestick patterns such as bullish engulfing or pin bars around support levels, as these may signal a continuation of the bullish trend.
EUR/CAD SHORT FROM RESISTANCE
Hello, Friends!
EUR/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.465 area.
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Bearish drop off 38.2% Fibonacci resistance?EUR/CAD is rising towards the pivot which has been identified as a pullback resistance and could drop to the overlap support.
Pivot: 1.50485
1st Support: 1.49224
1st Resistance: 1.51355
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.
THIS FORECAST EURCAD FOR OVERNIGHT RATE LATERThis EURCAD FORECAST
Opportunity for EURCAD. This setup is my trading idea/plan, if you want to follow: trade at your own risk (TAYOR).
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
EURCAD"Hello, Fam! Here we are again, and today we’re taking a long position on this pair because the price has dropped below the 200 EMA on the 15-minute timeframe. We expect the price to move up to the 1.50909 level, where there’s an existing imbalance that may be filled, and it could also hit our R2 Fibonacci pivot."
Happy Trading! Peace out
Pullback resistance ahead?EUR/CAD is rising towards the pivot which acts as a pullback resistance and could reverse to the overlap support.
Pivot: 1.50485
1st Support: 1.49229
1st Resistance: 1.51335
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.
EURCAD: Sell Setup After Impulsive Move to ResistanceFOREXCOM:EURCAD is approaching a significant resistance zone, marked by historical price rejections. This level aligns with a key area of interest where sellers have previously regained control, causing substantial bearish moves.
The current market structure suggests that a potential rejection could occur if price action confirms it. If we observe bearish signals, such as a bearish engulfing candle or clear wicks rejecting the zone, the market may reverse and head lower.
I anticipate that if sellers take control, the price could move downward toward the 1.50000 level, which represents a logical target within the current market structure. This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure.
EURCAD: Bulls Will Push
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURCAD pair which is likely to be pushed up by the bulls so we will buy!
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EURCAD: Bullish Rally is Going to Continue 🇪🇺🇨🇦
EURCAD remains in a strong bullish trend for more than 2 weeks.
The violation of a key daily resistance is one more important bullish signal.
At the moment we see a local correction.
With a high probability, it will complete soon and
a rise will resume.
Next resistance - 1.5155
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EUR-CAD Strong Breakout! Buy!
Hello,Traders!
EUR-CAD is trading in an
Uptrend and the pair has
Made a bullish breakout of
The key horizontal level
Of 1.5041 and the breakout
Is confirmed so we are
Bullish biased and we
Will be expecting a further
Bullish move up
Buy!
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