EURCAD trade ideas
EURCAD: Strong Bullish PatternObserve the price movement on 📈EURCAD.
The next buying signal will occur with a bullish breakout above the neckline of an ascending triangle pattern on the 4-hour chart.
A 4-hour candle closing above 1.6056 will confirm this breakout, with the next resistance level at 1.6105.
SELL EURCAD for bullish divergence trend reversal STOP LOSS: 1.6SELL EURCAD for bullish divergence trend reversal STOP LOSS: 1.6048
Regular Bearish Divergence
In case of Regular Bearish Divergence:
* The Indicator shows Lower Highs
* Actual Market Price shows Higher Highs
We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart.....
The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here .....
TAKE PROFIT: take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with........trading with the trend, patient and good risk management is the key to success here
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 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.
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 positions for a buy! (Intraday opportunity) From what we see in H1 timeframe price is likely to trade bullish from the H1 support Level of 1.60071 technical analysis shows how price made a low at 1.59370 and a recent pullback at 1.59797 connecting the low and recent pullback gives us a nice trendline. a buy opportunity is envisaged from the current market price.
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 .
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: 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 - Long Bias explanation and Entry/SL/TP ideasThe main reasons this seems like a very good opportunity to me are :
Trend : EURCAD is in a strong uptrend at the moment
Retail : Majority have a BEARISH sentiment on this pair
Institutions : More holdings in EUR than CAD
Structures : Equal highs up above that MAY act as a magnet
Price action : Recent breakout of a consolidation and resistance shelf
Targets : levels at round numbers
Stops : Many options to place stops below
Entries : Many options in terms of entry aswell
This is primarily for me as a reference in the future.
For educational purposes only
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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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.
EUR/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are targeting the 1.594 level area with our short trade on EUR/CAD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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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