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EURCAD trade ideas

EURCAD H2 Best Level to SHORT/HOLD +100/+200 pips🏆 EURCAD Market Update H2 chart 📊 Technical Outlook 🔸broke down on high vol 🔸compression BEAR FLAG 🔸Mid-term: BEARS 5500 🔸Status: compression/dump 🔸5710/5720 heavy S/R BEARS 🔸5520/5540 key s/r zones below 🔸Price Target Bears: 5520 🔸final pump possible 🔸strategy: SHORT SELL 5710/5720 🔸SL 40 pips TP1 +100 pips TP2 +200 pips 🔸swing trade setup for patient traders 📊 Forex Market Update (May 7, 2025) 🇪🇺 EUR/USD 📉 Price: \~1.1370 USD strength ahead of Fed dampens Euro German HCOB Services PMI fell in April; ECB rate-cut bets rising Key Levels: Support 1.1320 | Resistance 1.1380 🇬🇧 GBP/USD 📉 Price: \~1.3320 (slid from recent highs) Modest USD buying ahead of Fed decision BoE policy caution keeps Pound in check Key Levels: Support 1.3300 | Resistance 1.3400 🇺🇸 DXY (US Dollar Index) 📈 Price: \~99.39 Supported by rising U.S. yields and Fed rate-cut delays Pressured by strategic uncertainty and trade tensions Key Levels: Support 98.00 | Resistance 100.00
Short
by ProjectSyndicate
35
EURCAD - Overextended and Ready to Reverse?The EURCAD pair is showing clear signs of exhaustion in its bullish trend on the monthly chart, with an overextended price that has already liquidated a significant high. Futures market analysis confirms the accumulation of short positions, suggesting a potential bearish movement driven by institutional players. On the daily chart, the price has shifted to a clear downtrend. Technical Analysis: 🔹 Monthly Chart: The price has reached overextended levels, signaling a possible reversal. A key high has been liquidated, indicating potential demand exhaustion. 🔹 Futures Market Data: Short positions are accumulating, showing that major market participants are positioning for a bearish move. Commercial market conditions reflect a weakening bullish sentiment. 🔹 Daily Chart: Structural change confirms a bearish trend. Possible selling opportunities on pullbacks to recent resistance levels.
Short
by Wiiso
2
EURCAD BULLISH OR BEARISH DETAILED ANALYSISEURCAD is currently trading around 1.5600 and is consolidating within a textbook ascending triangle pattern on the daily timeframe. This setup signals a strong bullish bias as the pair continues to form higher lows, tightening under a key horizontal resistance zone between 1.5730 and 1.5770. Price is respecting the ascending trendline very well, indicating buyer strength. A breakout above this resistance zone could open the doors for a clean rally toward the 1.6400 psychological level, offering a strong risk-to-reward opportunity. From a fundamental standpoint, the euro is gaining traction as recent Eurozone economic indicators suggest improving sentiment and a potential shift in ECB tone toward neutral. Meanwhile, the Canadian dollar remains pressured by falling crude oil prices and softening domestic data, including disappointing employment numbers this week. This divergence in fundamentals aligns well with the bullish technical structure for EURCAD, creating a high-probability scenario for buyers. Looking ahead, a confirmed breakout above 1.5770 with volume could trigger a strong bullish impulse. The measured move from the triangle’s base supports a projection toward the 1.6400 area, making this setup attractive for swing traders aiming to ride the next leg higher. Risk should remain controlled below 1.5440, where the ascending structure would be invalidated. I’m closely monitoring the price action near the breakout zone. Patience is key, but once we see bullish momentum pushing through the resistance, this trade setup has the potential to deliver a solid upside run. EURCAD remains one of my top bullish forex plays going into mid-May.
Long
by AndrewsMarket-Mastery
2
EURCAD Will Go Lower From Resistance! Sell! Please, check our technical outlook for EURCAD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.567. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.565 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
EURCAD: Still Bearish Outlook 🇪🇺🇨🇦 Last week, we discussed a confirmed bearish breakout of a major horizontal support on EURCAD. The broken structure was retested, and I see a strong bearish intraday price action on an hourly time frame. Probabilities will be high to see a down movement at least to 1.558 level today. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by VasilyTrader
1
Bearish drop?EUR/CAD has reacted off the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support. Pivot: 1.57044 1st Support: 1.54315 1st Resistance: 1.57990 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EURCAD Set To Fall! SELL! My dear followers, This is my opinion on the EURCAD next move: The asset is approaching an important pivot point 1.5672 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.5648 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Bearish drop off pullback resistance?EUR/CAD is reacting off the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.56797 Why we like it: There is a pullback resistance level that line sup with the 38.2% Fibonacci retracement. Stop loss: 1.58016 Why we like it: There is a pullback resistance level. Take profit: 1.54362 Why we like it: There is a pullback support level that aligns with the 100% Fibonacci projection. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURCAD SELL TRADE PLAN📈 🔥 EURCAD TRADE PLAN 🔥
 📅 Date: May 05, 2025
 📋 Trade Plan Overview: * Type: Intra-Day * Direction: Sell * Confidence: ⭐⭐⭐⭐ (82%) * Risk:Reward: 3.1:1 * Status: Awaiting Confirmation Guidance:
Prioritize this plan due to high structural and volume alignment + sentiment skew. Total portfolio risk = 0.50%. Primary Trade Plan: Intra-Day – Sell 📈 Market Bias & Trade Type * Bias: Bearish * Trade Type: Continuation * 🔰 Confidence Level * ⭐⭐⭐⭐ (82%) * Reason: H4 OB + liquidity sweep + internal BOS + D1 bearish structure * Breakdown: OB 30%, Liquidity 22%, Volume spike 15%, Macro 15% * 📌 Status
Awaiting Confirmation 📍 Entry Zones
 🟥 Primary Sell Zone: 1.5675–1.5695 (H4 OB + 61.8% Fib)
 🟧 Secondary Zone: 1.5715–1.5740 (FVG + inducement) ❗ Stop Loss
1.5758 (Above OB + 1x H1 ATR buffer ~60 pips risk) 🎯 Take Profit Targets * 🥇 TP1: 1.5580 (95 pips, 1.6:1, internal liquidity) * 🥈 TP2: 1.5490 (185 pips, 3.1:1, clean liquidity pool) * 🥉 TP3: 1.5400 (275 pips, 4.5:1, D1 swing low) 📏 Risk:Reward * TP2: 3.1:1 * TP3: 4.5:1 🧠 Management Strategy * Risk 0.50% of $ ($ , lots) * SL to breakeven after TP1 * TP1 = 50%, TP2 = 30%, TP3 = 20% trailed * Exit if H4 BOS against plan or VIX > 25 * Max portfolio risk capped at 3% ⚠️ Confirmation Criteria * H1 bearish engulfing inside zone * Volume spike on H1/M30 * Optional: RSI div on M30 * Ideal Entry: London session (2–5 AM NY) * Avoid 1hr before/after CAD news ⏳ Validity * Intra-Day Plan: Valid 12–18 hrs from tap * Expires: May 06, 2025 (NY close if not triggered) ❌ Invalidation * 1H close above 1.5760 * Macro CAD sentiment shift or DXY flips direction 🌐 Fundamental & Sentiment Snapshot * COT: EUR heavy long, CAD neutral * DXY: Softening bias (risk-on) * Retail: 74% long EURCAD (contrarian) * Cross-Pair: EURUSD unaligned, GBPCAD bearish * Cross-Market: Crude Oil firm, supports CAD * Macro: No ECB/BoC news today * Sentiment Score: +7/10 * Historical Win Rate (setup type): ~78% 📋 Final Trade Summary
EURCAD is in a bearish continuation with clean structural rejection zones forming on H4. Liquidity sweep + OB confluence + bearish order flow aligns with CAD macro stability. Execution pending confirmation via H1 candle + volume. Maintain strict risk and avoid news overlap.
Short
by jibkhan111
EURCADThere’s a solid opportunity for a sell trade on EURCAD. Although it's a relatively volatile pair, I'm planning to take the trade. 🔍 Criteria: ✔️ Timeframe: 15M ✔️ Risk-to-Reward Ratio: 1:1.50 ✔️ Trade Direction: Sell ✔️ Entry Price: 1.56350 ✔️ Take Profit: 1.56077 ✔️ Stop Loss: 1.56532 🔔 Disclaimer: This is not financial advice. It's a trade I’m taking based on my own system, shared purely for educational purposes. 📌 If you're also interested in systematic and data-driven trading strategies: 💡 Don’t forget to follow the page and subscribe to stay updated on future analyses.
Short
by Nurlan_PT
Will EURCAD rise from a strong Support LevelHello Traders In This Chart EURCAD HOURLY Forex Forecast By FOREX PLANET today Gold 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
Long
by ForexMasters2000
EURCAD is key level could next big moveEURCAD Overview forecast from Mr Martin Dates 08 Thursday 2025 EUR/CAD is showing signs of a bullish reversal, as price action has established a strong support zone, previously tested during the bearish leg. Unlike earlier breakdowns, the pair now consolidates at this level, suggesting buyer accumulation. This range formation near support often precedes a move higher, reinforcing the bullish bias. Traders may look for confirmation via a breakout above the range or bullish candlestick formations, indicating that buyers are stepping in to defend the zone. You may find more details in the Chart Thanks for supporting if you want to find this idea then share your mind's a love to each other.
Long
by MrMartin_11