EUR/CAD: Testing Support with Potential for Bullish CorrectionEUR/CAD is currently testing the 1.6210 support zone following a sharp rejection from the 1.6400 resistance ceiling. Price action is completing an A-B-C corrective structure near the upward support line, suggesting a possible rebound.
As long as 1.6200 holds, a short-term recovery toward the 1.6280–1.6340 area remains likely. The broader structure points to a bullish correction developing within the context of a larger descending trend.
CADEUR trade ideas
EURCAD +3% Trade Recap 10.10.25 In this recap I break down my EURCAD short position I took yesterday morning. I fully forecast this setup in the morning as per my forecast video, and then executed later that day. Manually closing for just under 3% profit at the intended target.
Full explanation as to why I executed on this position, using the 4H to my advantage but also understanding price was due a deeper pullback, but these pullbacks do not always happen.
Any questions you have just drop them below 👇
EURCAD Wedge Break Suggests Correction AheadPrice has been climbing within a rising wedge, a pattern often showing buyer exhaustion as momentum weakens near the top.
The recent break below the lower trendline suggests that sellers are starting to step in, shifting momentum in their favor.
If price holds below this broken structure, we could see a deeper pullback. I would anticipate at around 1.6000.
Lingrid | EURCAD False Breakdown Reversal Long SetupThe price perfectly fulfilled my previous idea . FX:EURCAD is testing the 1.6210 support after a sharp rejection from the 1.6400 resistance ceiling. Price action shows an A-B-C corrective structure completing near the upward support line, hinting at potential rebound strength. As long as 1.6200 holds, short-term recovery toward 1.6280–1.6340 remains on the table. The broader setup implies a potential bullish correction inside the larger descending structure.
⚠️ Risks:
A clear break below 1.6200 could extend losses toward 1.6100 support.
Weak euro fundamentals or stronger CAD sentiment could pressure upside recovery.
Volatility around oil prices or ECB commentary may cause intraday trend distortions.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
EUR/CAD: Important BreakoutThe EURCAD pair has violated and closed below a significant support level.
A confirmed break of structure suggests a strong likelihood of a continued bearish trend.
The subsequent support level is situated at 1.6180, which could potentially serve as the next target for sellers.
EURCAD is attempting to reverse the trend. Retest of support. The ascending wedge is a bearish pattern. The currency pair is not ready to continue its growth, facing pressure from resistance. The bullish trend may enter a correction phase.
The currency pair breaks the wedge support, forming a local minimum of 1.6262, which is a support zone, the breakout of which will provoke a further decline. The reaction is weak, and the price returns to support for a retest, which only increases the chances of a further decline.
A close below 1.6262 will confirm the trend reversal
EURCAD – Waiting for the Perfect ConfluenceEURCAD remains overall bullish while trading inside a rising channel.
At the moment, price is approaching the intersection of the channel’s lower trendline and the horizontal structure zone.
That’s where I’ll be watching closely for trend-following long setups, ideally a rejection or reversal confirmation around that confluence area.
As long as this structure holds, the bulls remain in control, and we could see a continuation toward the upper bound of the channel.
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
EURCAD: How to Trade Liquidity Grab 🇪🇺🇨🇦
EURCAD is testing a significant rising trend line on a daily.
We see a trap and a false violation of that on an hourly time frame.
To confirm that was a liquidity grab, I will look for a CHoCH and
an hourly candle close above 1.6288.
It will provide a strong bullish signal.
An up movement will be expected at least to 1.63175 then.
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EURCAD BULLISH BREAKOUT|LONG|
✅EURCAD shows a clean breakout above the key level, confirming a bullish shift in market structure. ICT concepts suggest a potential retest before continuation toward 1.63000 where buy-side liquidity rests. Time Frame 3H.
LONG🚀
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EURCAD ShortHello everyone.
When I was making my Daily Market Breakdown for today I came across this possible short position on EURCAD.
On the chart we can see that price has showed a big bearish reaction from our 1.64000 level. We got 3 big
daily bearish candles indicating a lot of bearish momentum.
With al this bearish momentum we broke through the 1.62500 zone. This zone was previously used as support and resistance.
Now I am waiting for a pullback into this zone to take a possible short position.
Be carefull: as of now we are rejecting from the 1.62000 level. This is a strong level of support as well.
EURCAD Bearish Breakout!
HI,Traders !
#EURCAD made a bearish
Breakout of the rising
Support line and now
I I expect he will return Made a retest of the new
Rising resistance and made
A pullback so we are
Bearish biased and we
Will be expecting a
Further bearish move down !
Comment and subscribe to help us grow !
Bullish reversal?EUR/CAD is reacting off the pivot, which has been identified as an overlap support that aligns with the 50% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 1.62154
1st Support: 1.61276
1st Resistance: 1.63021
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.
EURCAD Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for EURCAD below:
The price is coiling around a solid key level - 1.6329
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.6360
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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
Bullish bounce off?EUR/CAD has bounced off the pivot, which is a pullback support, and could rise to the 1st resistance.
Pivot: 1.6186
1st Support: 1.6119
1st Resistance: 1.6306
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.
EUR/CAD LONG FROM SUPPORT
Hello, Friends!
EUR/CAD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 9H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.629 area.
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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Bearish reversal off pullback resistance?EUR/CAD is rising towards the resistance level, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.62549
Why we like it:
There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.6398
Why we like it:
There is a swing high resistance level.
Take profit: 1.60909
Why we like it:
There is a pullback support level that is slightly below the 127.2% Fibonacci extension.
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