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EURCAD trade ideas

EURCAD – Over a Decade of Rejections Finally Breaking the Cycle?EURCAD is once again testing the legendary multi-year resistance between 1.60 and 1.6150, a zone that has caused at least 5 major rejections since 2014. Each of those led to significant drawdowns — yet this time, price is pressing deeper into it, potentially signaling a macro regime shift if bulls follow through. Key Technical Observations Timeframe: 1W “Multi-Year Supply Zone” or “Overhead Resistance Zone”: 1.60 – 1.6150 Historical Reaction Dates: 🔸 17 Mar 2014 🔸 18 Jan 2016 🔸 19 Mar 2018 🔸 16 Mar 2020 🔸 27 Jul 2020 Current Candle (30 Jun 2025): Pierced the zone briefly — now hovering just inside Volume: Noticeable uptick in the last few weeks — interest is real Structure Below: Strong accumulation base breakout around 1.5280, serving as major support now TLDR EURCAD is testing a monster historical supply zone (1.60–1.6150) for the 6th time in 11 years. This could be the breakout that changes the macro trend, but without confirmation, it's still a zone to respect. Disclaimer This is for educational purposes only. Not financial advice.
by SLPHOBIA
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
Short
by BALE_FX
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
Long
by Gamblers-Fallacy
Second buy entry..BUY EURCAD now for a four hour time frame bulBUY EURCAD now for a four hour time frame bullish trend continuation ............... STOP LOSS: 1.5969 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
Long
by BALE_FX
BUY EURCAD now for a four hour time frame bullish trend continuBUY EURCAD now for a four hour time frame bullish trend continuation ............... STOP LOSS: 1.60037 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
Long
by BALE_FX
How a Triple Breakout and Daily Reversal Signal Point to a 25%..How a Triple Breakout and Daily Reversal Signal Point to a 25% Bullish Opportunity on EURCAD Introduction A strong bullish signal has formed on the EURCAD currency pair, capturing the attention of traders using a combination of breakout confirmation and daily chart reversal signals. With a clear confluence across the 4-hour, daily, and weekly timeframes, this technical setup offers a well-supported case for a buy position with an estimated 25% upside, targeting the 1.6100 level. Whether traded intraday or held for a few days, the structure of this trade offers exceptional technical clarity and reward potential. ✅ Key Technical Highlights 🔹 4-Hour Breakout Confirmation The EURCAD pair has broken decisively above a recent range high on the 4-hour chart. This breakout occurred on increased volume, which validates the move as more than a false spike. Price action shows bullish momentum building as candles close strongly above the 50-period EMA, indicating short-term strength. 🔹 Weekly Chart Breakout Structure Zooming out, the weekly chart reveals that EURCAD has cleanly broken through a key resistance zone, which had previously capped price several times. The breakout aligns with the long-term trend shift, reinforcing the bullish narrative from a macro perspective. Support now sits firmly below at previous resistance. 🔹 Daily Chart Reversal Signal The daily chart offers the most critical insight: a strong reversal pattern, potentially a bullish engulfing or morning star, has formed near the breakout area. This suggests a change in sentiment and invites buying pressure as traders react to the clear reversal signal after a recent pullback. This reversal provides timing precision for the trade. 🎯 Take-Profit and Target Projection The price target is placed at 1.6100, which corresponds to: A previous structural high A Fibonacci extension zone A round psychological number respected historically The move to this level offers a potential 25% profit window, depending on entry price and lot size. This makes it attractive for both day traders and short-term swing traders. 🕒 Trade Duration Outlook While this breakout setup is forming across the weekly and daily charts, the 4-hour entry makes it highly suitable for day trading. Traders who prefer intraday execution can look for a pullback to breakout support for entry, followed by momentum confirmation from RSI or volume spikes. Swing traders may hold the position over several days, aiming for the full stretch to the 1.6100 target, while trailing stops to lock in profits. ⚠️ Risk and News Awareness Traders must remain cautious of: Oil price movements, which directly impact CAD strength Economic data from the Eurozone or Canada (GDP, employment, interest rate updates) Central bank speeches that may introduce volatility Risk should be limited by placing stop-loss orders just below the 4-hour breakout level or the low of the daily reversal candle. 📌 Why This EURCAD Setup Matters This setup is more than just a breakout—it combines: Multi-timeframe confirmation Momentum breakout on the 4-hour chart Weekly structure validation Daily chart reversal timing These factors build a strong technical case for bullish continuation and provide high confidence for experienced and new traders alike. Conclusion EURCAD presents a powerful trading opportunity backed by clear technical signals across major timeframes. With a 25% upside and precise entry timing from a daily reversal pattern, this is the kind of setup traders seek for both fast profits and well-structured trades. Whether approached as a day trade or a swing play, the EURCAD breakout is one to watch. Disclaimer: This content is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any financial instrument. Use a simulation trading account before you trade with real money and learn risk management and profit taking strategies.
Long
by lubosi
EURCAD: Liquidity taken, imbalance left behindPrice swept the liquidity above the previous day’s high and then broke structure to the downside. That’s often a sign that smart money was hunting stops before shifting direction. Now I’m watching for price to come back and fill the imbalance (FVG) it left after the break. If that happens and price respects the FVG zone, we could see a continuation lower with the next target being the previous day’s low where more liquidity is likely sitting. I’ve also added the 50 EMA here as confluence. It helps keep me trading in line with the broader market flow and stops me from fighting the trend. This is one of those spots where patience is key . Let the market return to the zone on its own terms, wait for a reaction, and keep protecting your mindset just as carefully as your capital.
Short
by J4mesWick
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.
Short
by Brillant_Capital
EURCAD – Two Key Levels, One Solid PlanOn this pair, we have two important levels: 🟡 The first level might act as a trap (stop hunting). So don’t rush to buy — wait for confirmation. 🟢 The second level offers a safer buy opportunity. As always, our plan stays firm — we don’t tell the market what to do, we follow it. 🔻 If a clean break and valid pullback occurs on the first level, a short trade toward the lower level is possible. ⚠️ This pullback short scenario is only valid until price reaches the lower level. If price hits the lower level and starts moving up, any short position becomes much riskier. Discipline > Prediction.
Long
by ForexCSP