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EURCAD trade ideas

EURCAD Approaching Major Resistance - Will Sellers Step In?OANDA:EURCAD is approaching a key resistance level, marked by significant selling pressure. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reaction if sellers step in again. The current market structure suggests that if the price confirms a rejection from this resistance level, there is a high probability of a downward move. I anticipate that if rejection occurs, the market may head lower toward the 1.57500 level, which serves as a logical target within the current market structure. However, a break above this resistance would invalidate the bearish bias and could lead to further upside. This setup reflects the potential for a retracement after an impulsive move, supported by the confluence of previous price behavior and the current structure. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
Short
by DanieIM
48
EURCAD at 2009 Highs – Is a Massive 1,000 Pip Sell-Off Imminent?It's been a while since my last idea! (Too busy traveling lately 😅) Today, we're zeroing in on a high-probability short setup on EURCAD. This pair has surged strongly since the start of the year, fueled by all the Trump-related market chaos. Once we smashed through 1.52—last year's key resistance (a level where we previously banked over 600 pips on a massive drop)—the market has been steaming towards the next major SELL zone between 1.58 and 1.615. This area has been rock-solid resistance since 2009, causing significant sell-offs each time we've tested it. Can history repeat itself? Let’s dive into the charts. Weekly Chart: After the initial spike into our key zone in early March, we saw an immediate 600-pip rejection, but buyers quickly regrouped and drove the pair to fresh highs near 1.60. Crucially, we're now seeing a lack of follow-through on recent highs, which is a classic sign of buyer exhaustion. Even more telling, this week's candle is a spinning top—a textbook reversal signal. Daily Chart: Zooming into the daily timeframe, price action is becoming increasingly choppy with multiple rejection candles at the highs—clear signs that sellers are starting to step in. Additionally, MACD divergence is glaringly obvious, reinforcing the bearish setup. 4-Hour Chart: At the 4-hour level, the market is now trapped in a tight sideways range between 1.57 (floor) and just above 1.58 (ceiling). The MACD continues to signal divergence—another strong indication that the bullish momentum is losing steam and a reversal is likely imminent. How I'm Trading It: Given all these signals, I'm using my TRFX indicator to build a long-term short position, targeting sell signals on the 8-hour and daily charts. The daily chart alone has been flashing multiple sell signals already (see below): One last thing: Don’t be surprised by a quick fake-out spike toward the upper bound at 1.615—it’s very common in setups like these. Any sharp spike up should get quickly rejected, giving us another great selling opportunity. Targets: First Target: Last year's major resistance at 1.52—expect a reaction and possibly a bounce here. Second Target: Longer term, I'm eyeing a deeper move toward the major support level around 1.43, offering a huge profit potential if the reversal fully plays out. That's my game plan—let me know your thoughts below! 😊
Short
by TheFxAce
2
(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 Wave Analysis – 17 April 2025- EURCAD reversed from long-term resistance level 1.5840 - Likely to fall to support level 1.5400 EURCAD currency pair recently reversed down from the long-term resistance level 1.5840 (which has been reversing the price from the start of 2020) standing close to the upper daily Bollinger Band and the resistance trendline of the weekly up channel from 2022. This is the 3rd consecutive failure to break above the major resistance level 1.5840 by this currency pair from the start of this year. Given the strength of the resistance level 1.5840, overbought weekly Stochastic and the bullish Canadian dollar sentiment seen today, EURCAD currency pair can be expected to fall to the next support level 1.5400.
Short
by FxProGlobal
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
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
1
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 8H 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 1.569 area. 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 COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
EUR CAD #0005 Short Position Trading - The hunt of liquidity is in process. - Monthly Chart indicating an order block beneath the last Monthly HIGH - The order block price to be fulfilled - making the basis of this position trading. - The TP is subjective, however we emphasized pragmatism and work with the closest Liquidity Pool (LP) area - LP = closest HIGHS and LOWS. -Weekly latest HIGHs previously penetrated the order Monthly Order Block. - Position Trading limit order is in place. - We're going for a long ride, comrade!
Short
by NaimEdelweissFX
2
EUR/CAD SELLERS WILL DOMINATE THE MARKET|SHORT Hello, Friends! EUR-CAD uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 1.562 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the EUR/CAD pair. 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 COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
EURCAD Breakdown Watch–Bearish Divergence + Fundamental WeaknessEURCAD rallied into a key turncoat zone (former resistance → support) Currently consolidating within this zone and showing clear RSI bearish divergence on both 1H and 4H timeframes. Price is losing momentum while macro and seasonal factors align for a short bias. 🔍 Macro & Seasonality Confluence: EUR Fundamentals: Worsening LEI, Endogenous & Exogenous scores CAD Stability: Mildly bearish, but stronger than EUR Seasonal Bias: EURCAD turns bearish after April 15
Short
by wajahatarif
1