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EURCAD trade ideas

Bullish bounce?EUR/CAD has bounced off the pivot and could rise to the 1st resistance. Pivot: 1.4800 1st Support: 1.4745 1st Resistance: 1.4895 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.
Long
by ICmarkets
Bullish rise?EUR/CAD has bounced off the support level which is an overlap support and could potentially rise from this level to our take profit. Entry: 1.48004 Why we like it: There is an overlap support level. Stop loss: 1.4743 Why we like it: There is a pullback support level. Take profit: 1.4894 Why we like it: There is a pullback resistance level. 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.
Long
by VantageMarkets
EUR/CAD - 1H Trade Setup Must Follow🔹 Pair: EUR/CAD 🔹 Timeframe: 1H 🔹 Analysis Type: Break & Retest 📊 Market Structure: The price was respecting an ascending trendline but has now broken below it, indicating a possible trend reversal. A bearish break of structure has occurred, confirming a shift to the downside. Key Supply Zone around 1.48775, acting as resistance. Key Demand Zone around 1.47516, a potential target area. 📉 Trade Setup (Short Position): ✅ Entry: After the break of the trendline and a bearish retest near 1.48400 - 1.48775. 📍 Stop Loss: Above the recent high (1.48775). 🎯 Take Profit: 1.47516, aligning with the next demand zone. 📏 Risk-Reward Ratio: 1:2 ⚠️ Confirmation Checklist: ✅ Break & Retest of trendline ✅ Rejection from Supply Zone ✅ Momentum shift to bearish 📌 Keep an eye on price action around 1.48400; if price shows rejection with bearish confirmations, this setup remains valid. 🚀 Good luck & trade safe!
Short
by naumanfx_
EURCAD: Wave 4 Nearing Completion, Wave 5 on the HorizonIt looks like we have completed or are close to completing wave 4 for EURCAD. Since wave 2 retraced to the 61.8% Fibonacci level, the fourth wave should be shallower, with a likely completion around the 38.2% Fibonacci retracement level. Additionally, the formation of wave 4 aligns with a price channel connecting the first three waves, reinforcing the overall structure. Once wave 4 is confirmed, I expect further market growth in wave 5, continuing the broader trend.
Long
by The_Traders_Memoirs
EURCAD Daily Trade Setup – Targeting Buy-Side Liquidity! 🔹 Daily FVG Mitigation: Price is currently in a Fair Value Gap (FVG) on the daily timeframe, indicating potential institutional interest. 🔹 Change of Character (ChoCH) on Daily: A bullish shift in structure suggests that smart money may be accumulating positions for an upward move. 🔹 Liquidity Target: The next expected move is towards Buy-Side Liquidity, where stop-loss clusters and pending orders reside. 📊 Trade Plan: ✅ Entry Confirmation: Lower timeframe (H4/M15) Break of Structure (BOS) + Order Block (OB) Retest ✅ Stop Loss: Below the last swing low or OB for proper risk management ✅ Take Profit: Buy-side liquidity level / Key resistance zones ✅ Risk-to-Reward Ratio: Minimum 1:3 to maximize potential gains 🔍 Key Considerations: 📈 Volume Confirmation: Institutional volume alignment (POC, HVN) for strong confirmation ⏳ London & NY Sessions: Best execution timings for high-probability moves 📅 Upcoming News Events: Watch for high-impact events that may influence EUR or CAD ⚠️ Risk Disclaimer: This is for educational purposes only, not financial advice. Manage your risk accordingly! 📊 What’s your bias on EURCAD? Comment below! 👇💬 #EURCAD #SmartMoneyConcepts #SMC #ICT #ForexTrading #LiquidityHunt #OrderBlocks #FairValueGap #ForexAnalysis 🚀📉
Long
by twb1122
EURCAD is in a Bullish Pattern After Testing SupportHello 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
EUR/CAD Breakout – Trend Reversal or Bull Trap?OANDA:EURCAD Technical Analysis – February 26, 2025 Hello traders, this is Fuinvest, and today we’ll break down the EUR/CAD pair on the 4-hour timeframe, using a combination of Price Action and key indicators. Let’s get started! 1. Trend & Market Structure Looking at the chart, EUR/CAD has made a strong breakout past its previous resistance levels and is currently trading around 1.5045. Earlier, price cleared all three key EMAs: 34 EMA (gray) – 1.4916 89 EMA (yellow) – 1.4893 200 EMA (red) – 1.4890 💡 Key Observations: After consolidating around 1.4850 – 1.4900, price exploded upward with high momentum and strong volume. The 34 EMA has crossed above the 89 EMA, signaling potential bullish continuation. A decisive break above the 200 EMA could indicate a trend shift from bearish to bullish. 2. Key Support & Resistance Levels 📍 Support Zones: 1.4916 – 1.4930 (34 & 89 EMA support zone) → A key area to watch if price pulls back. 1.4890 (200 EMA support) → If price retests and holds, the bullish trend remains intact. 📍 Resistance Zones: 1.5050 – 1.5070 → Current price region; a key test for bulls. 1.5100 – 1.5150 → If this breaks, expect further upside movement. 3. Price Action & Key Insights Strong breakout above the 200 EMA with high volume → Bulls are in control. Bullish Marubozu candle indicates strong buying pressure. Increased trading volume during the breakout → Likely institutional interest. 💡 What this means: If price stays above the 34 & 89 EMA, expect continued bullish momentum. If price rejects 1.5050 and forms a reversal pattern, we may see a short-term pullback. 4. Suggested Trading Strategies ✅ Trend-Following Buy Setup (Higher Probability) 🔹 Entry: Look for a pullback to 1.4916 – 1.4930 with a bullish confirmation. 🔹 Stop Loss: Below 1.4890 (under 200 EMA). 🔹 Target 1: 1.5050 – 1.5070. 🔹 Target 2: 1.5100 – 1.5150. 📌 Confirmation Needed: Bullish candlestick formation or price action indicating strong buyer interest. ❌ Short-Term Countertrend Sell Setup (Riskier Play) 🔹 Entry: If price struggles at 1.5050 – 1.5070 and forms a bearish reversal pattern. 🔹 Stop Loss: Above 1.5080 to avoid stop hunts. 🔹 Target: 1.4930 (89 EMA, dynamic support). 📌 Caution: This is a countertrend trade and carries higher risk. Execute only if clear bearish signals emerge. 5. Conclusion & Action Plan 🔹 The bullish breakout above the 200 EMA suggests a potential trend shift. 🔹 If price holds above 1.4930 – 1.4950, expect continuation toward 1.5100 – 1.5150. 🔹 A pullback to the 34 or 89 EMA could offer a strong buying opportunity. 🔹 If price fails at 1.5050, watch for possible bearish rejection signals. 💡 Final Advice: Don’t trade on emotions! Always have a clear risk management plan and wait for market confirmation before entering a trade. 📢 Follow Fuinvest for Daily Market Analysis! If you found this analysis helpful, FOLLOW Fuinvest to receive daily technical insights and market updates. Stay ahead of the game and never miss a trading opportunity! 🚀 🔥 Trade safe and stay profitable! 🔥
Long
by fuinvest
EURCAD BUY SETUPInstitutional Trade Plan 📌 Entry Strategy: Ideal Buy Zone: 1.4950 – 1.4920 (discount zone). Alternative Entry: If price reacts at 1.4975 FVG, a smaller position can be considered. 📌 Stop Loss (SL): Safe SL: Below 1.4900 (institutional liquidity protection). 📌 Take Profit (TP) Targets: TP1: 1.5050 (recent high). TP2: 1.5100 (BSL zone). TP3: 1.5150+ (breakout target). 📌 Confidence Level: MEDIUM Reasons: BOS confirms bullish intent. Liquidity grab below recent lows supports bullish continuation. 📌 Trade Type: Intraday / Swing If price reacts from 1.4950, it could be an intraday buy. If price goes deeper into 1.4920, it may be a swing buy. Final Institutional Decision 🚀 Conclusion: WAIT for price to retrace before entering a buy. No need to chase price at highs. Watch 1.4950–1.4920 for Smart Money reaction. If price reaches 1.5050–1.5100, watch for potential reversal. 🔥 Final Play: Buy at Discount Zone → Target Buy-Side Liquidity Above 1.5050.
Long
by jibkhan111