EURCAD trade ideas
Eurcad Trade IdeaI posted an EA set up stating I wanted to see price break from a range to show a clear direction on whether price would go short or long to either level. Once price respected the level of resistance and shifted structures within the range I decided to wait on the pullback to confirm our move to the downside. I'll personally be looking for a 1:3rr on this set up. We'll see how this plays out.
EURCAD Technical & Order Flow Analysis (Swing Trading)Our analysis is based on multi-timeframe top-down analysis & fundamental analysis.
Based on our view the price will fall to the monthly level.
DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you.
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EURCAD SHORTInitiating a short on EUR/CAD as risk sentiment deteriorates and technicals point to a downside move. The pair has failed to break above and is forming a potential lower high, with momentum indicators showing bearish divergence. A break below adds confirmation to the
short setup.
Entry:
Stop Loss:
Take Profit:
Risk/Reward Ratio:
Timeframe:
EURCADThere’s a solid opportunity for a sell trade on EURCAD. Although it's a relatively volatile pair, I'm planning to take the trade.
🔍 Criteria:
✔️ Timeframe: 15M
✔️ Risk-to-Reward Ratio: 1:1.50
✔️ Trade Direction: Sell
✔️ Entry Price: 1.56350
✔️ Take Profit: 1.56077
✔️ Stop Loss: 1.56532
🔔 Disclaimer: This is not financial advice. It's a trade I’m taking based on my own system, shared purely for educational purposes.
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EURCAD: True Bearish Reversal?!EURCAD formed a classic head and shoulders pattern following a retesting of an important historical resistance level.
A break below the neckline, accompanied by a strong bullish candle, confirms a bearish signal.
I anticipate a corrective movement, potentially reaching as low as 1.5555.
EURCAD Is Very Bearish! Short!
Here is our detailed technical review for EURCAD.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 1.561.
The above observations make me that the market will inevitably achieve 1.529 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EURCAD Sellers In Panic! BUY!
My dear friends,
My technical analysis for EURCAD is below:
The market is trading on 1.5585 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.5728
Recommended Stop Loss - 1.5506
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
EURCAD TOP DOWN ANALYSIS DAILY TIMEFRAME On the Daily, we established the key zone still lining perfectly on the daily time frame + another wide daily divergence right at the key level + price breaking out from the rising wedge and the trend line all signaling bearish and confirming the monthly and weekly bearish bias!!
EURCAD Is Bearish! Sell!
Please, check our technical outlook for EURCAD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.564.
Considering the today's price action, probabilities will be high to see a movement to 1.543.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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!
EURCAD TOP DOWN ANALYSIS 4HR TIMEFRAMEOn the 4hr timeframe, we noted the key zone + breakout of the rising wedge and the trendline + confirmation candles for the breakout candle that formed afterwards hence we take a quick entry short in this short term retracement and our stoploss above the trendline etc. May the gains be with us all!!
EurCad = ascending channel + symmetrical triangleHere we have something that to me looks like a combination of a symmetrical triangle and an up ascending channel. It is currently evolving within, and I think it will continue to do it a bit more, especially now that is successfully broke above the symmetrical triangle. It might look like it already has broken out prior, but it wasn't fully formed. Nearer the end, it can be seen that price bounced back and forth within the triangle two times, and accurate. Now that it's broken above, I know of a potential idea which is to buy from a pullback into the level marked which I believe is demand zone.
I also think it can be normal for price to be traded as a break below and selling an ascending channel. But I think in this case it is being held up in a stronger format with support from triangle which might guide its meaning to a different turn.