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EURCAD trade ideas

EUR/CAD LONG Investment OpportunityHello, I am Forex Trader Andrea Russo and today I want to talk to you about an interesting trade on EUR/CAD. In the world of Forex, every trade is a combination of analysis, strategy and intuition. Today I decided to open a buy position (BUY) on EUR/CAD based on the 4-hour timeframe. This choice comes from technical and fundamental signals that indicate potential favorable movements. The details of my trade: Entry Price (Entry Point): 1.53771 Stop Loss (SL): 1.52444 Take Profit (TP): 1.55621 I set the Stop Loss at 1.52444 to manage the risk effectively. It is essential to protect the capital, especially in a volatile market like the currency market. At the same time, the Take Profit is set at 1.55621, aiming to capture a significant positive movement. Why EUR/CAD? EUR/CAD has an interesting market dynamic influenced by European and Canadian economic factors. At the moment, technical indicators such as support and resistance, along with trend analysis and candlestick patterns, suggest a possible growth opportunity for the Euro against the Canadian Dollar. Conclusion Every trade is a step towards knowledge and experience. Although the outcome may vary, disciplined approach and risk management are always at the heart of every decision. I will update you on the results of this trade and continue to share my trading strategies and ideas.
Long
by Andrea_Russo_SwipeUP
2
EUR/USD (2H Timeframe) Trade PlanEUR/USD (2H Timeframe) Trade Plan 🔹 Trade Setup: Bullish Breakout & Retest Since the price has broken the downtrend and is testing a key level, the plan is to enter on a retest confirmation. 📌 Entry Strategy Entry Point: Wait for a retest of 1.0820 - 1.0840 zone. Look for bullish rejection signals such as: Bullish engulfing candle Pin bar (long wick rejecting downside) Break and close above 1.0840 on smaller timeframes (15M or 1H) 🎯 Target Levels (Take Profit - TP) TP1: 1.0900 (psychological level) TP2: 1.0960 (major resistance) 🛑 Stop-Loss (SL) & Risk Management Stop-Loss (SL): Below 1.0800 (~20-30 pips below support) Risk-Reward Ratio (RRR): 1:2 (if TP1 is reached) 1:3 - 1:4 (if TP2 is reached) 📊 Position Sizing Example (Based on $1,000 account & 2% risk rule) If SL = 30 pips and risk per trade = $20 (2% of $1,000) Lot Size = 0.1 (Mini Lot) for EUR/USD ⚠️ Invalidation & Risk Management If price closes below 1.0800, the bullish setup is invalid. Adjust SL to breakeven once price reaches 1.0880 for risk-free trade. ✅ Final Thoughts Plan: Buy on a retest of 1.0820 - 1.0840, targeting 1.0900 - 1.0960 Confirmation: Bullish rejection at support Risk-Reward: Minimum 1:2, ideally 1:3 - 1:4 Risk Per Trade: 2% max
Long
by aziezieam
3
EUR/CAD BEARISH BIAS RIGHT NOW| SHORT Hello, Friends! EUR/CAD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. 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 1.542 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 long setup (Falling wedge pattern)**EUR/CAD (Euro/Canadian Dollar) currency pair** on a **1-hour timeframe**. Here are the key details: **Chart Analysis:** 1. **Pattern Identified:** - A **falling wedge** pattern has been detected, which is generally a **bullish reversal** signal. - The price has broken out of the wedge, confirming the reversal. 2. **Exponential Moving Averages (EMAs):** - **EMA 7 (Purple):** 1.54373 - **EMA 21 (Blue):** 1.54117 - **EMA 50 (Yellow):** 1.54102 - Price is now **above these EMAs**, indicating a possible uptrend continuation. 3. **Price Action:** - The breakout has led to a strong bullish move. - The **target** is marked above the breakout point, suggesting further upside potential. - Current price: **1.54411** 4. **Volume Insight:** - Volume increased during the breakout, confirming buying pressure. **Conclusion:** - The falling wedge breakout suggests **bullish momentum** in EUR/CAD. - If price sustains above the EMAs, it could reach the marked **target zone**. - Watch for **support at 1.541** and resistance near the **target level**. The **target** after the **falling wedge breakout** is marked on the chart and appears to be around **1.5480 - 1.5500**. **Key Levels to Watch:** - **Support:** 1.5410 (EMA 50) - **Resistance/Target:** Around **1.5480 - 1.5500** If momentum continues, price may reach this **target zone**. The ideal **stop-loss (SL)** for this EUR/CAD trade should be placed **below the breakout zone** of the falling wedge to minimize risk. **Suggested SL Levels:** 1. **Conservative SL:** **1.5400** (Below EMA 50 & breakout structure) 2. **Aggressive SL:** **1.5375** (Below the last swing low inside the wedge)
Long
by TradingStar090
EURCAD , Successful Trendline Break , Ready for BullHello Traders In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET today EURCAD analysis 👆 🟢This Chart includes_ (EURCAD market update) 🟢What is The Next Opportunity on EURCAD 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
EURCAD Massive Long! BUY! My dear subscribers, EURCAD looks like it will make a good move, and here are the details: The market is trading on 1.5441 pivot level. Bias - Bullish My Stop Loss - 1.5341 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.5603 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURCAD Long Bias ! chart shows a potential buy setup after a pullback. Price found support around 1.5350, which lines up with key Fibonacci levels, making it a strong area for a possible bounce. Buyers have stepped in, pushing the price back above 1.5500. The idea here is to target 1.5850 while keeping a stop loss below 1.5350. As long as price stays above 1.5500, the bullish outlook makes sense. But if it drops below 1.5350, the setup could fail, leading to more downside. The overall momentum suggests a good chance of continuation upwards.
Long
by Justfxtrades
EURCAD Resistance , All eyes on SellingHello Traders In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET today EURCAD analysis 👆 🟢This Chart includes_ (EURCAD market update) 🟢What is The Next Opportunity on EURCAD 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
Bearish reversal off pulback resistance?EUR/CAD is rising towards the resistance level which is a pullback resistance that line sup with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.5548 Why we like it: There is a pullback resistance level that line sup with the 38.2% Fibonacci retracement. Stop loss: 1.5695 Why we like it: There is a pullback resistance level that line sup with the 71% Fibonacci retracement. Take profit: 1.5340 Why we like it: There is a pullback support 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.
Short
by VantageMarkets