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EURCAD trade ideas

EURCAD: Bearish Continuation from Supply ZoneThe EURCAD pair is trading within a descending channel, indicating a bearish market structure. The price is currently approaching a key supply zone, which aligns with the channel's upper boundary. If the price confirms rejection at the supply zone, I anticipate a bearish move targeting the 1.46527 level, which represents a logical target for this setup. This setup suggests a continuation of the bearish trend. Traders should watch for confirmation signals, such as bearish candlestick patterns or rejections around the supply zone, before considering short positions.
Short
by DanieIM
1
EURCAD: Bearish Setup at Key ResistanceEURCAD is consolidating after a sharp rebound from lower levels, but the overall structure still hints at a bearish setup. The price is now approaching a key resistance zone around 1.5000–1.5120, a level where sellers have historically shown strong activity. Will the resistance hold, or will buyers push further? The reaction here will be critical. The current setup suggests that the price may retest the resistance zone before being rejected and starting a move toward the support at 1.4862. A break and consolidation below this level could open the way toward deeper support around 1.4700 and potentially lower. However, a breakout and consolidation above 1.5120 would invalidate the bearish scenario and signal a potential continuation of the bullish trend.
Short
by TrendDiva
Trade Idea: EURCAD SellTrade Idea: EURCAD Sell Higher Timeframe Context (HTF): Identify a premium supply zone or an imbalance (FVG) on the 4H or daily timeframe where price is likely to reverse. Confirm this zone aligns with a significant resistance area or HTF order block (OB). Price Action Confirmation: On the lower timeframe (1H or 15M), wait for price to enter the HTF premium zone. Look for bearish market structure shifts (MSS) such as: Break of a short-term low. Formation of swing highs (liquidity above). Verify liquidity grab (e.g., price takes out a key high before reversing). Entry Criteria: Refine your entry around a mitigation zone like a smaller OB or FVG inside the HTF premium array. Place the stop-loss above the liquidity grab or HTF premium zone. Targeting Liquidity: Set your first target at an obvious equal low or liquidity pool on the HTF. Extend the final target to an unmitigated demand zone or imbalance below the initial target. Risk Management: Use a low-risk entry (e.g., 1-2% of account balance). Ensure at least a 1:3 risk-to-reward ratio before executing the trade.
Short
by Asif_Brain_Waves
EURCAD Will Go Higher! Buy! Please, check our technical outlook for EURCAD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 1.476. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.480 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1