EURCAD trade ideas
YOU MUST BE A CONFLUENCE FINDER, let me explain.......All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!!
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EURCAD Breakdown and Retest , 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
EUR/CAD: Quant-Verified ReversalThe fundamental catalyst has been triggered. The anticipated strong Canadian CPI data was released as expected, confirming the primary driver for this trade thesis. Now, the focus shifts to the technical structure, where price is showing clear exhaustion at a generational resistance wall. 🧱
Our core thesis is that the confirmed fundamental strength of the CAD will now fuel the technically-indicated bearish reversal from this critical price ceiling.
The Data-Driven Case 📊
This trade is supported by a confluence of technical, fundamental, and quantitative data points.
Primary Technical Structure: The pair is being aggressively rejected from a multi-year resistance zone (1.6000 - 1.6100). This price action is supported by a clear bearish divergence on the 4H chart's Relative Strength Index (RSI), a classic signal that indicates buying momentum is fading despite higher prices.
Internal Momentum Models: Our internal trend and momentum models have flagged a definitive bearish shift. Specifically, the MACD indicator has crossed below its signal line into negative territory, confirming that short-term momentum is now bearish. This is layered with a crossover in our moving average module, where the short-term SMA has fallen below the long-term SMA, indicating the prevailing trend structure is now downward.
Quantitative Probability & Volatility Analysis: To quantify the potential outcome of this setup, we ran a Monte Carlo simulation projecting several thousand potential price paths. The simulation returned a 79.13% probability of the trade reaching our Take Profit target before hitting the Stop Loss. Furthermore, our GARCH volatility model forecasts that the expected price fluctuations are well-contained within our defined risk parameters, reinforcing the asymmetric risk-reward profile of this trade.
The Execution Plan ✅
Based on the synthesis of all data, here is the actionable trade plan:
📉 Trade: Sell (Short) EUR/CAD
👉 Entry: 1.6030
⛔️ Stop Loss: 1.6125
🎯 Take Profit: 1.5850
The data has spoken, and the setup is active. Trade with discipline.
EURCAD: Bullish Forecast & Bullish Scenario
The price of EURCAD will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
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 - Weekly Resistance Might Shift The Momentum!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURCAD has been overall bullish trading within the rising channel marked in blue. However, it is currently approaching the upper bound of the channel.
Moreover, the red zone is a strong weekly resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and resistance.
📚 As per my trading style:
As #EURCAD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURCAD: Long Signal with Entry/SL/TP
EURCAD
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURCAD
Entry - 1.5929
Stop - 1.5899
Take - 1.5985
Our Risk - 1%
Start protection of your profits from lower levels
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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EUR_CAD GROWTH AHEAD|LONG|
✅EUR_CAD went down to retest
A horizontal support of 1.5964
Which makes me locally bullish biased
And I think that a move up
From the level is to be expected
Towards the target above at 1.6040
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Trends Report#1:Learn How To See Bullish Chart Patterns It's been a wild week.As I am strategy building.
So far I have about 3 solid trading strategies.
Then I have two more pending to learn more.
My dream as a man has always been to learn how to make money.
Staying in the financial markets because I went to college to study information and technology.
In my academic studies there was nothing close to what I learned on trading.
Financial technology software development is what I have decided to study as an academic pursue.
The education system is broken.
Look at this chart.
☝️The price is above the 50 EMA
☝️The price is above the 200 EMA
☝️The price has reversed on a Bullish Harami Candlestick pattern .
This reversal is confirmed by both the positive volume + volume oscillating tool.
To learn more 🚀 Boost This Content
Disclaimer ⚠️ Trading is risky please learn Risk Management And Profit Taking Strategies.Also feel free to use a simulation trading account before you use real money.
EUR/CAD Bears are getting strongerHI Traders.
I think when we develop more LTF correction there is a good chance that we will at least reach the buttom of the structure. I havent entered the posiition yet because i was already envolved in a EUR PAIR. But this is running in profit so i consider to enter one more when the setups plays out.
EURCAD Will Grow! Long!
Please, check our technical outlook for EURCAD.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.603.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.623 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.
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 Short Trade OANDA:EURCAD Short trade, with my back testing of this strategy, it hits multiple possible take profits, manage your position accordingly.
This is good trade, don't overload your risk like greedy, be disciplined trader, this is good trade.
Use proper risk management
Looks like good trade.
Lets monitor.
Use proper risk management.
Disclaimer: only idea, not advice
EURCAD DISCLAIMER: I am not a financial adviser. those videos and posts on my channel are for educational and entertainment purposes ONLY. I'm documenting my trading journey so that you have the potential to take ideas and inspiration from the videos that may help you within your own journey. But remember, trading/investing of any kind involves risk. Your trading/investments are solely your responsibility .