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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.
Short
by TheSignalyst
13
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. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
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
Long
by BALE_FX
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.
Long
by fxtraderkristina
EUR/CAD Tests Resistance — Bullish Breakout in Sight?EUR/CAD appears to be showing bullish momentum and is likely heading toward the 1.6110 level. Currently, the pair is testing a key resistance zone. If the price manages to break above this resistance with strong volume or confirmation, we could see further upside continuation toward the next target at 1.6110. Traders should watch for a clear breakout and possible retest of the broken level turning into support, which could provide a good entry point for long positions.
Long
by FXTradingAnalysis
EURCAD Will Go Down! Short! Please, check our technical outlook for EURCAD. Time Frame: 15m Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 1.608. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 1.607 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. 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
1
EURCAD Wave Analysis – 24 July 2025- EURCAD reversed from support zone - Likely to rise to resistance level 1.6100 EURCAD currency pair earlier reversed up from the support zone between the key support level 1.5950 (former monthly high from April), 20-day moving average and the 38.2% Fibonacci correction of the upward impulse from May. The upward reversal from this support zone started the active minor impulse wave iii – which belongs to the intermediate impulse wave (3) from the end of 2024. Given the overriding daily uptrend, EURCAD currency pair can be expected to rise to the next resistance level 1.6100 (which stopped the previous impulse wave i in June).
Long
by FxProGlobal
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.
Long
by Lihasuu
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.
Long
by AndrewsMarket-Mastery
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
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.
Short
by MaxellAguiran