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EURCAD trade ideas

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
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
EURCAD Wave Analysis – 4 July 2025- EURCAD reversed from support level 1.5950 - Likely to rise to resistance level 1.6100 EURCAD currency pair recently reversed up from the strong support level 1.5950 (former double top from April, acting as the support after it was broken). The upward reversal from the support level 1.5950 continues the active short-term impulse wave 5 of the intermediate impulse wave (3) from last November. Given the strong daily uptrend and the strongly bullish euro sentiment seen today, EURCAD currency pair can be expected to rise to the next resistance level 1.6100.
Long
by FxProGlobal
EURCAD: Sell signal on Double Channel Up Top.EURCAD is bullish on its 1D technical outlook (RSI = 63.955, MACD = 0.010, ADX = 41.562) having peaked on two Channel Up patterns at the same time. Technically it should now start the new bearish wave to test the bottom a little below the 1D MA50. Short, TP = 1.57000. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
EUR/CAD: Wave 5 Trade SetupEUR/CAD is presenting a compelling long setup as what appears to be a five-wave impulse from the June lows looks ready for its final leg higher. The structure shows a classic wave 4 correction that has found support right where Elliott Wave theory suggests it should—setting up a potential wave 5 that could deliver solid risk-to-reward for patient traders. What the Current Structure Shows (Primary Scenario) Clean Five-Wave Impulse in Progress: The move up from the June 2025 lows has unfolded in a textbook impulsive pattern, with waves 1, 2, and 3 clearly defined and wave 4 appearing to have completed its correction. Wave 4 Finds Support: The correction has retraced to a level that respects the typical boundaries for a fourth wave—not too deep to overlap with wave 1, but enough to provide a healthy pullback before the final push. Wave 5 Setup: With wave 4 likely complete, the structure points to wave 5 beginning, targeting the equality relationship with wave 1 at 1.6170. Why the Count Is Labeled This Way The initial surge from the lows shows strong, impulsive characteristics with clear five-wave subdivisions. Wave 3 extended beyond the typical 1.618 relationship with wave 1, which is common in strong trends. The current level, at around 1.5927, represents a logical support zone where wave 4 should find its footing. Trade Setup: Riding the Final Wave Entry: Current levels, with wave 4 appearing to have bottomed. Stop Loss: Below 1.5952—if price breaks this level, the wave count is invalidated and suggests wave 4 may be more complex or the entire structure needs reassessment. Target: 1.6170, where wave 5 achieves equality with wave 1. This is a classic Elliott Wave projection when wave 3 has been the extended wave in the sequence. What to Watch Next (Confirmation or Invalidation) Confirmation: A break of the B wave termination point at 160.50 would be confirmation that wave 5 may have started. Invalidation: A break below 1.5928 would suggest wave 4 is not complete and may be forming a more complex correction. After Wave 5: Once the target is reached, expect a significant correction as the entire five-wave sequence from the June lows completes. Alternate Count If the current support fails, wave 4 could extend into a more complex correction—possibly a triangle or double zigzag—before wave 5 begins. This would delay but not necessarily invalidate the bullish scenario.
Long
by TheSignalService
1
EURCAD Wave Analysis – 3 July 2025- EURCAD reversed from resistance zone - Likely to fall to support level 1.5800 EURCAD currency pair recently reversed down from the major resistance zone located between the strong resistance level 1.6150 (former yearly high from 2018) and the resistance level 1.5965 (former Double Top from 2020). The downward reversal from this resistance zone stopped the previous impulse waves 5 and (3). Given the strength of the resistance level 1.6150 and the bearish divergence on the weekly Stochastic indicator, EURCAD currency pair can be expected to fall further to the next support level 1.5800.
Short
by FxProGlobal
EUR/CAD 4H Technical Analysis – Trend Continuation Signal ForminIn today’s 4-hour analysis of the EUR/CAD currency pair, we uncover a classic trend continuation setup supported by both price structure and oscillator signals. This kind of setup is a favorite among professional traders because it combines momentum, market psychology, and technical precision. If you’re a trader looking for clarity during pullbacks, this strategy offers a high-probability entry based on simple but effective tools: EMA crossover, Stochastic RSI, and clean candlestick behavior. --- Market Structure: A Textbook Uptrend The EUR/CAD pair has shown exceptional strength over the last few weeks. The current 4-hour chart reveals a clear higher high, higher low structure, with price comfortably trading above both the 50 EMA and 200 EMA. This isn’t just noise. It’s a strong institutional trend fueled by euro strength and CAD weakness — possibly linked to recent oil weakness or shifts in eurozone inflation sentiment. The market is currently undergoing a natural pullback — and this pullback may be offering savvy traders a prime entry opportunity. --- Indicator Confirmation: Stochastic RSI Resetting Let’s dig into the Stochastic RSI, set at (3, 3, 14, 14), a powerful tool to detect momentum reversals within trends. * The oscillator has dipped into oversold territory, with values at 0.44 and 0.29. * In the context of a strong uptrend, this suggests a healthy pause, not a reversal — meaning the market is likely reloading before its next upward move. * Traders often refer to this behavior as a “reset within a trend” — a critical moment when fear shakes out weak hands and invites disciplined entries. --- Dynamic Support Holding Firm The 50 EMA, currently near 1.59792, is acting as dynamic support, catching price dips and rejecting strong bearish moves. Below that, the 200 EMA sits at 1.57965, further confirming a deep support zone. This kind of dual-EMA structure is a hallmark of trend strength. Price sitting above both with clean spacing means the trend is still maturing and has more room to go. --- Trade Setup: Buying the Pullback If you’re planning an entry, here’s a simple, structured idea: Entry Zone: Between 1.59800 and 1.60000, once a bullish candlestick confirms support (look for pin bars or engulfing candles). Stop Loss: Below 1.59500 (under swing low and below the 50 EMA to allow breathing space). Take Profit Levels: * TP1: 1.61000 (recent swing high) * TP2: 1.61800 (next Fibonacci extension and psychological round number) This trade idea supports a 1:2 or 1:3 reward-to-risk ratio, depending on your exit management — ideal for both intraday and short-swing traders. --- Why This Trade Matters Many traders struggle with knowing when to enter a trend after they “miss the move.” This is where understanding pullbacks becomes a skill edge. Instead of chasing highs, this strategy teaches patience — wait for the crowd to panic on a dip, then ride the institutional wave. This setup works not because of magic indicators, but because it respects market rhythm and trend psychology. You’re not fighting the market. You’re listening to it. --- Educational Takeaway If you’re learning how to trade trends, study this EUR/CAD 4H chart. Here’s what to take away: * Let price lead, not indicators. * Look for alignment between EMAs and oscillator resets. * Enter at key zones — not at the top, not too early. * Be patient. The best setups are the ones that make sense even to the eye. Trading is not about being perfect. It’s about consistency, discipline, and only acting when the odds are in your favor. --- Risk Disclaimer This analysis is shared for educational purposes only and does not constitute financial advice. Always use risk management, protect your capital, and never trade with money you cannot afford to lose. Past performance does not guarantee future results. --- Final Thoughts The EUR/CAD chart is offering more than a setup — it’s offering a lesson in trading discipline. With the right entry signal near support and the current structure holding, this pair has the potential to deliver a clean continuation toward 1.6100 and possibly beyond. Watch for confirmation. Respect your plan. Trade smart. --- Have you traded EUR/CAD recently? Do you see the same opportunity forming? Drop your thoughts in the comments — let’s learn together.
Long
by lubosi
The Top 3 Candlestick Patterns In Buying This Forex PairThis will be the first time of me trading a breakout strategy. This breakout pattern happened on the week. Looking back within this 4 hour time frame.What do you see? -Doji -Hanging Man -Bullish Engulfing These 3 patterns are working together..How?? let me explain: The bullish engulfing is showing the surpport level of this price action.Then comes in the hanging man. The hanging man shows you the resistance level. Its very clear to see on this chart that the price has broken resistance and this is a very clear breakout. That is what my mentor Tim Sykes usually says.Because he loves clear breakouts. This 4 hour time frame is the key to entry positions in short term trading. Rocket boost this content to learn more. Disclaimer:Trading is risky please learn risk management and profit taking strategies.Also feel free to use a simulation trading account before you trade with real money. Also do not use margin.
Long
by lubosi
EUR/CAD Raid Alert: Last Chance to Loot This Bullish Breakout!🏴‍☠️ EUR/CAD LOOT ALERT: Can We Steal 100 Pips Before the Trap Springs? (Thief Trading Blueprint) 🌟 Hola! Bonjour! Ciao! Hallo! Marhaba! 🌟 Attention Forex Bandits & Loonie Raiders! 💶🦫💰 🔥 Thief Trading Intel: We're targeting EUR/CAD for a MA breakout heist! Long entry only - eyeing that 1.57200 breakout level. High-risk MA Zone ahead: overbought, consolidating, perfect for our ambush. "Take your pips and vanish - this steal's on the house!" 💨💵 🚪 ENTRY: The Trap is Set! 📈 "Wait for MA breakout at 1.57200 - then STRIKE!" Option 1: Buy Stop above MA (breakout confirmation) Option 2: Buy Limit at swing levels (15-30 min TF) 📌 Pro Thief Move: SET THOSE ALERTS! 🛑 STOP LOSS: Escape Plan 🔊 "Listen up, rookies!" 🗣️ Breakout trades? NO SL until after confirmation! Rebels: Place wherever... but sleep with one eye open! 👁️ 📍 Smart Crew SL: Nearest swing low (1H TF) 🎯 TARGET: Loot & Scoot! 🎯 1.58200 (100 pips of pure profit!) ⚡ SCALPERS' QUICK HIT 👀 Long only! Deep pockets? Raid now Light wallet? Join swing heist Trailing SL = Your Getaway Car! 🚗💨 📢 WHY THIS HEIST? "Euro vs Loonie" showing strength! Watch for: COT data & Macro trends Intermarket analysis Sentiment shifts 🔗 Full dossier? Bio0 links below! 👉🏻☝🏻👉🏻☝🏻 ⚠️ WARNING: News = Police Raid! 📰🚨 CAD news moves fast! Protect your stash: ❌ No new trades during news 🔒 Trailing stops = Handcuff-proof profits 💖 SUPPORT THE CREW! 💥 SMASH THAT BOOST BUTTON! 💥 More boosts = bigger future scores! Stronger crew = more pips for all! Next currency heist coming soon... 💶🔫
Long
by The-Thief