Get started

Canadian Dollar/Euro

No trades
See on Supercharts
OverviewIdeasMindsTechnicalsSeasonalsEconomic Calendar

Trade ideas

EURCAD – Buyers Gaining ControlPrice has formed what looks like an inverse head and shoulders pattern after an extended bearish leg, a strong sign of potential reversal. The left shoulder, head, and right shoulder structure all show selling pressure fading and buyers gradually stepping in. We’ve now seen a clean breakout above the neckline, confirming the shift in momentum. I’m watching for a short-term pullback toward the neckline for a possible retest before continuation. As long as price holds above that level, the bullish bias remains intact. Next upside target sits around 1.6318, aligning with the next resistance zone and measured move projection from the pattern.
Long
by TrendDiva
34
EUR/CAD: Bullish Outlook📈EURCAD formed a significant inverted head and shoulders pattern on a 4-hour timeframe. The neckline for this pattern is identified between 1.6226 and 1.6210. Should the price successfully break and close above this neckline, it would indicate a strong bullish signal. In such a scenario, the market could potentially advance towards the 1.6560 level. Please note that the neckline currently acts as a robust demand area. Shorting opportunities should only be considered after a confirmed breakout of this level.
Long
by linofx1
17
EURCAD Reveals a Stunning Reversal You Can’t IgnoreHey everyone, Erik here. EURCAD has been in a strong downtrend, though that bearish momentum is starting to lose its intensity. The market is now shaping what appears to be an inverse head and shoulders pattern, a classic sign that sellers may be running out of strength while buyers are beginning to show interest. After the right shoulder formed, buyers made a confident move above the neckline, signaling a possible shift in market structure from bearish to bullish. At the moment, I’m watching for a short-term pullback toward the neckline area, a healthy retest that could confirm the strength of this move before any continuation higher. As long as price holds above that level, the bullish scenario remains valid. The next upside target is around 1.63185, which aligns with the next resistance zone and the projected move derived from the pattern. This setup is clean, logical, and full of potential. It illustrates how market momentum can shift naturally from exhaustion to recovery, hinting at the early stages of a possible trend reversal.
Long
by Erikk_Kraft
13
EURCAD - Buy the Bounce at Confluence!📈EURCAD remains in a steady rising channel on the daily. Price has pulled back into a strong support zone that perfectly aligns with the channel’s lower bound and the base of the recent micro wedge. 🏹As long as this confluence holds, I’ll be looking for trend-following longs from here, aiming first for the recent highs, then the channel top. ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📊All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
2
EurCad Chart AnalysisAnalyzing the EUR/CAD chart, price action has reached a key support level and is currently consolidating within a narrow range, itself contained within a broader consolidation pattern. While the next directional move remains uncertain, my strategy is as follows: Entry Plan: Initiating a small long position at current levels If price declines to the lower support zone, I'll scale into the position with additional size Overall bias remains bullish, anticipating upward movement Support Level Significance: Support 1: Established since early September 2024 Support 2: Established since early March 2024 Given the length of time and the respect the price has for support levels, it would require significant selling pressure to breach both zones. This reinforces the long bias with a scaled entry approach. *This is NOT financial advice
Long
by Harry_0_0_
1
Is EUR/CAD Ready for Takeoff After the ATR Pullback?💶💰 EUR/CAD: The Pullback Heist Setup | Swing/Day Trade 🎯 THE SETUP Pair: EUR/CAD (Euro vs Canadian Dollar) Market: Forex | Timeframe: Flexible (Swing/Day Trade) Bias: 📈 BULLISH — Confirmed via ATR Pullback Retest 📊 GAME PLAN The setup identifies a bullish pullback retest structure with ATR (Average True Range) confirmation, creating a high-probability entry zone. This is your "heist opportunity" — multiple entry layers maximize your chances of catching the move. 🎬 ENTRY STRATEGY: LAYERED LIMIT ORDERS Think of it like stacking chips at the table — multiple small bets beat one big bet: 🔴 Layer 1 at price level 1.61400 — First reconnaissance move to test the waters and gauge initial momentum. 🔴 Layer 2 at price level 1.61600 — Confirm momentum building as price holds and retests the zone. 🔴 Layer 3 at price level 1.61800 — Build your core position as conviction strengthens with each layer filled. 🔴 Layer 4 at price level 1.62000 — Final accumulation layer to complete your position size. Note: Adjust layers based on your position sizing and risk tolerance. Start with what fits your account! 🛑 STOP LOSS PLACEMENT Thief SL: 1.61000 ⚠️ Risk Disclaimer: Stop loss is your safety net, not a guaranteed protection. Set it based on your personal risk management rules and account capital. Your risk, your rules! 🎁 PROFIT TARGETS 🟢 TARGET 1 (TP1) at 1.63200 — This is where the Hull MA acts as an overbought zone, signaling time to lock in 60% of your position. This is your first checkpoint to secure profits before things get spicy. 🟢 TARGET 2 (TP2) at 1.64500 — This level is the "Police Barricade" — a strong resistance cluster with overbought conditions brewing. This is where the TRAP zone activates. Don't get greedy here! Escape with your remaining 40% of profits and live to trade another day. ⚠️ Profit Target Note: These are suggested levels based on technical structure. Your take-profit strategy is YOUR decision. Trade responsibly! 🔗 CORRELATED PAIRS TO WATCH (Use as Confluence) 📍 USD Strength Indicators 💵 FX:EURUSD — Key Correlation: Inverse relationship. If EUR/USD rallies, EUR/CAD typically strengthens (bullish for setup). When the Euro pumps against the Dollar, CAD strength becomes less relevant, giving EUR/CAD room to fly. 🍁 OANDA:USDCAD — Key Correlation: Direct inverse. USD/CAD weakness = EUR/CAD strength. Monitor USD/CAD for divergence — if it's breaking down while our setup fires, that's GOLDEN confluence. 📍 Commodity Pairs (Loonie Movement) 🛢️ OANDA:USDCAD (Oil Sensitivity) — Canadian Dollar is heavily influenced by crude oil prices. Oil strength = CAD strength = potential headwind for EUR/CAD. Check oil charts before entering! Rising oil can kill your bullish trade. 🍁 OANDA:CADJPY — Reflects broader CAD sentiment across majors. Monitor for divergence signals. If CAD is rallying across the board, EUR/CAD might struggle against the Loonie. 📍 Technical Synergy 🔄 OANDA:EURGBP — Shows Euro strength relative to other majors. If EUR/GBP is bullish, EUR/CAD confluence improves significantly. This is your Euro strength confirmation. 📉 TVC:DXY (Dollar Index) — Broader USD weakness supports Euro strength. Watch for DXY breakdown below key support — when the Dollar bleeds, the Euro typically thrives. Key Point: Use these pairs as confirmation tools, not entry signals. Multi-pair confluence = higher probability trades. 🔑 KEY TECHNICAL POINTS ✅ ATR Pullback Retest — Price returned to support + ATR shows volatility compression = reversal setup that signals buyers stepping in. ✅ Layered Entry Strategy — Reduces average entry price and eliminates emotional FOMO trading by spreading your risk intelligently. ✅ Multiple Profit Targets — Risk-to-reward ratio calculated at 1.63200 (TP1) and 1.64500 (TP2) with proper scaling strategy. ✅ Overbought Zone Identified — Hull MA and resistance cluster at 1.64500 = natural exit point before the reversal crushes your profits. ⚡ QUICK RULES FOR THIS HEIST DON'T enter all layers at once — patience is the thief's best friend. Spread them out! DO move stops to breakeven after first target hit — locks in your win and removes risk. DO scale out at resistance levels (don't hold to the end) — never let profits become losses. DON'T average down below the stop loss — that's how traders blow up accounts. DO respect the "Police Barricade" resistance — it's there for a reason and will stop you out if you ignore it! 📌 TRADE MANAGEMENT CHECKLIST Set limit orders at all 4 layers (1.61400, 1.61600, 1.61800, 1.62000) Stop loss placed at 1.61000 with proper position sizing First target exit ready at 1.63200 (60% of position) Second target exit ready at 1.64500 (remaining 40%) Risk-to-reward ratio calculated before entering Trade size appropriate for account size and risk tolerance 💡 WHY THIS SETUP WORKS The confluence of pullback retest + ATR confirmation + multi-level resistance creates a high-probability zone where smart money typically enters. By using layered entries, you're not betting the farm on one price level — you're working with market structure, not against it. This is how professionals trade without the emotional baggage. You're stacking the odds in your favor by letting price come to you through multiple layers. ✨ If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community! #EUR/CAD #ForexTrading #SwingTrading #DayTrading #ThiefOG #TechnicalAnalysis #ATR #BullishSetup #TradingStrategy #ForexSignals #PullbackRetest #LayeredEntry #RiskManagement #TradingCommunity Happy Trading, Thief OG Crew! 🎭💰
Long
by The-Thief
1
EURCAD – Channel Breakdown & Bearish Continuation FlagEURCAD has broken down from a large ascending channel on the 4H timeframe, signaling a potential shift in structure from bullish accumulation to distribution and selling pressure. After the strong impulsive breakdown, price has formed a corrective flag pattern and is retesting previous support turned resistance. This is a classic bearish continuation setup: impulse → correction → continuation. Key Technical Confluences Breakdown from major ascending channel Lower-high formation after structure break Bearish flag retest confirming seller control Clean rejection from supply zone Downside target aligns with major support around 1.5760 Entry: Retest of broken structure + flag formation Stop Loss: Above flag high / structure invalidation zone Take Profit: Previous major demand around 1.5760–1.5780 Bias: Bearish while price trades below the retest structure. This setup follows the trend continuation play after a significant structural shift. Watching for momentum continuation to the downside and trailing stops as price progresses toward target. As always, risk management is key — trading a clear structure setup with defined invalidation.
Short
by zubeyrfx20
EURCAD Sellers In Panic! BUY! My dear followers, I analysed this chart on EURCAD and concluded the following: The market is trading on 1.6164 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.6180 Safe Stop Loss - 1.6154 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. 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
Long
by AnabelSignals
1