EURCAD trade ideas
EURCAD - Follow the Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURCAD has been overall bearish , trading within the falling red channel and it is currently retesting the upper bound of the channel.
Moreover, it is rejecting a weekly resistance marked in blue.
📚 As per my trading style:
As #EURCAD is around the red circle zone, I will be looking for trend-following sell setups on lower timeframes. (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.
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 Buyers In Panic! SELL!
My dear friends,
My technical analysis for EURCAD is below:
The market is trading on 1.6005 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.5956
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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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WISH YOU ALL LUCK
BUY EURCAD now for 4h time frame bullish trend continuationBUY EURCAD now for 4h time frame bullish trend continuation ...............
STOP LOSS: 1.5933
This buy trade setup is based on hidden bullish divergence trend continuation trading pattern ...
Always remember, the trend is your friend, so whenever you can get a signal that the trend will continue, then good for you to be part of it
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 looks great for buysOn the monthly timeframe, price recently broke and closed above a key resistance level, showing clear bullish direction in the bigger picture. The weekly chart confirms this bullish bias with a clean rejection of a strong Fibonacci support zone and weekly pivot area, highlighting solid buyer interest.
On the 4-hour chart, the pair broke out from a descending channel pattern, retested the breakout zone around the weekly pivot area, and bounced strongly. This re-test confirms buyer interest. Additionally, price is trading above both the 50 and 200 SMAs, indicating a strong bullish sentiment on lower timeframes.
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 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
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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HEAD & SHOULDER PATTERN SPOTTED IN EUR/CADHead & Shoulder Pattern Spotted in EUR/CAD – Bearish Trend Expected
The EUR/CAD pair has recently formed a Head & Shoulder (H&S) pattern, a classic reversal signal that often indicates a shift from an uptrend to a downtrend. This pattern, combined with the formation of lower lows, suggests increasing bearish momentum in the market.
Current Market Structure
Price action has been moving within a secondary (corrective) trend, which appears to be nearing its end. Once this phase completes, sellers are expected to regain control, pushing the pair downward. The recent lower lows reinforce the weakening bullish sentiment, increasing the likelihood of a bearish continuation.
Key Levels to Watch
- Resistance Level (1.61100): This level is critical for sellers. If price approaches this zone and gets rejected, it could confirm the bearish outlook and trigger a downward move.
- Support/Target (1.58000): If the bearish momentum strengthens, the pair could decline toward 1.58000, aligning with the measured move of the H&S pattern.
Conclusion
With the Head & Shoulder pattern and lower lows in place, EUR/CAD is showing signs of an impending bearish move. Traders should watch 1.61100 for resistance and 1.58000 as a potential downside target. A confirmed breakdown could present a strong selling opportunity in the coming sessions.
EURCAD Forming Bullish ContinuationEURCAD has recently respected a key demand zone and is now beginning to show early signs of bullish continuation. After a clean breakout above the 1.5900 resistance level earlier this month, price retested this structure and held strongly, creating a textbook bullish rejection wick. This price behavior suggests the pair is gearing up for another impulsive leg to the upside. I'm watching for follow-through momentum targeting the 1.6390–1.6400 zone in the coming weeks, aligning with the risk-to-reward setup visible on the chart.
From a fundamental perspective, the euro remains relatively supported following recent ECB comments signaling a more patient stance on future rate cuts. While inflation in the Eurozone has shown some signs of easing, policymakers remain cautious, especially with energy prices fluctuating again. On the other side, the Canadian dollar has been under pressure due to weaker-than-expected domestic growth and the Bank of Canada’s more dovish tone. Crude oil, which typically supports CAD, has been consolidating with no strong bullish drive lately, limiting CAD’s upside potential.
Technically, the current structure favors bullish continuation. The clean rejection from the previous resistance-turned-support, combined with bullish price action forming a higher low, reinforces the bullish setup. As long as the 1.5900 zone holds, this remains a high-probability long trade setup with potential to deliver strong profits in alignment with the trend.
Watch for daily closures above 1.6000 to confirm the next leg higher. Momentum indicators are flattening, and with liquidity sweeping both sides recently, it’s primed for a move. EURCAD remains on my radar for a swing buy opportunity, with the setup offering excellent technical confluence and favorable fundamental backing.
EURCAD (SMC BASED)TRADE SETUP EXPLANATION (SMC BASED):
PAIR: EURCAD
TIMEFRAME: 2H Chart (Entry Confirmation on 15M / 5M)
SETUP LOGIC (SMC STRATEGY):
BOS (Break of Structure) Confirmed — market is in bullish structure.
Price is retracing towards:
IMB (Imbalance zone)
POI 1H (Point of Interest - Demand Zone)
Liquidity (LIQ-$$$$) Sweep Expected Before Reaction.
TRIGGER CONDITION FOR ENTRY:
✅ After price enters the POI 1H Demand Zone, wait for:
→ CHoCH (Change of Character) confirmation on 15 min or 5 min timeframe.
→ CHoCH indicates buyers taking control after sweep and mitigation.
ENTRY PLAN:
🔹 Enter BUY trade after 15M / 5M CHoCH.
🔹 Stop Loss (SL) below POI zone.
🔹 Target previous high marked near 1.60296.
RISK-REWARD:
🎯 Aim for minimum 1:3 RR as visible on the chart.
KEY NOTES:
No entry directly at POI.
Entry only after confirmation (CHoCH) in lower timeframe.
Trade respects Smart Money Concepts (SMC) rules of BOS, Liquidity sweep, and POI reaction.