EURCAD trade ideas
eurcad sell tradeThe Relative Strength Index (RSI) is showing a downward trend, indicating weakening momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bearish crossover, further supporting the potential for a downward move
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.
IDEA EURCAD SHORT POSITION Hi Traders
Pair: EURCAD
📈 Position: SHORT (SELL )
✅ Entry: 1.50300
🔺 SL: 1.50600
🎯 Take Profits:
• TP 1: 1.50000
• TP 2: 1.49700
• TP 3: 1.49400 (Trailing SL)
EURCAD LongWith price rejecting twice. I will be looking for entries to buy on the 1hr
Comment your thought.
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.
IDAE EURCAD SHORT POSITION Hi Traders
Pair: EURPCAD
📈 Position: SHORT (SELL )
✅ Entry: 1.50300
🔺 SL: 1.50600
🎯 Take Profits:
• TP 1: 1.50000
• TP 2: 1.49700
• TP 3: 1.49400 (Trailing SL)
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: Potential for Further Growth📈EURCAD has surpassed a significant daily and intraday resistance level, with the previously highlighted blue zone now serving as support.
The upward momentum is likely to persist in the near term, with the next key targets at 1.5092 and 1.5140.
EURCAD: More Growth Ahead📈EURCAD has broken through a key daily/intraday resistance level and the previously marked blue area is now acting as a support.
There is a strong possibility that the upward trend will continue in the near future. The next targets to watch for are 1.5092 and 1.5140.
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!
Comment and subscribe to help us grow!
Check out other forecasts below too!
EUR/CAD LONG VIEWKey Observations:
Chart Type: This appears to be a 5-minute chart for EUR/CAD.
Moving Averages (MA):
21-period MA (orange line): Tracks shorter-term price trends.
200-period MA (green line): Represents a longer-term trend.
Current price is above both moving averages, indicating an upward trend.
Price Levels:
Current Price: 1.50984.
Key Resistance Levels:
1.51976
1.51489
Key Support Levels:
1.50829
1.50392
1.50344
1.49945
Indicators Used:
LuxAlgo Master Pattern Indicator: Likely highlights potential reversal or continuation patterns.
RSI Divergence Indicator:
RSI is at 71.27, suggesting the market is in the overbought territory.
Bearish divergences are marked ("Bear" labels), signaling potential weakening in bullish momentum.
A "Bull" signal in the past shows prior bullish momentum.
Volume:
Moderate volume activity with spikes aligning with price movements.
Trade Setup:
Long Trade (Green Zone): Likely initiated with an entry near support levels, targeting resistance at 1.51976.
Stop Loss (Red Zone): Below 1.50392.
The trade seems active and nearing its target.
Analysis:
Trend: The overall trend is bullish, supported by higher highs and higher lows.
Potential Reversal: RSI bearish divergence and overbought levels suggest caution. A pullback to support levels like 1.50829 or 1.50392 is possible.
Confirmation: If the price sustains above 1.51489, the bullish trend could continue toward 1.51976.
Recommendation:
If already long, monitor for a breakout above 1.51489 to add positions or tighten stop losses.
If considering a short, look for confirmation of bearish divergence with a break below 1.50829.
EURCAD SHARK PATTERNHarmonic Pattern Trading Strategy:
1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy.
2. Implement proper risk management.
3. Limit exposure to 3% of capital per trade.
4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity.
5. Conduct thorough diligence and analysis before trading.
Disciplined approach = Enhanced edge.
EURCAD Short From Resistance!
HI,Traders !
EUR-CAD keeps growing
And the pair is locally
Oversold so after it hits
A horizontal resistance
Of 1.51446 from where
We will be expecting a
Local bearish correction !
Comment and subscribe to help us grow !
EURCAD range bound tradeHere is another possible range bound trade based solely on the fact that price has constantly struggled to overcome that weekly strong resistance area between 1.51 and 1.519. If you are patient with the trade and it continues the range bound price action, the RR ratio is spot on (3 to 1). In these cases, for me, it is always worth taking the trade, starting with a conservative position and building into it if price action gives you that opportunity.
SellWe ade approaching a strong resistant zone that tested 3rice and we have bearish ob at same place i confidence with trendline let pend at the place and apply risk management
