EURCAD trade ideas
EURCAD LONG
📈 EURCAD 55m Long Setup – Breakout Continuation in Play
Technical Overview:
EURCAD has confirmed a breakout above descending structure on the 55-minute chart, followed by a clean retest. Price action is supported by bullish divergence on RSI and MACD, with volume expansion signaling institutional interest. EMAs are aligned bullishly, and the corrective phase appears complete.
Trade Parameters:
- Entry: 1.46850
- Stop-Loss: 1.46490 (below structure base and EMA cluster)
- Take-Profit 1: 1.47420 (first resistance zone, fib extension)
- Take-Profit 2: 1.47880 (prior swing high, psychological level)
- Risk/Reward: TP1 ≈ 1:1.58 | TP2 ≈ 1:2.86
- ROI:
- TP1: +158%
- TP2: +286%
Strategic Notes:
This setup qualifies as a Breakout Continuation with high tactical confidence. Ideal for journaling under “Legacy Trades” and dashboarding with CrocoBot or ECLIPS overlays. Consider trailing stop recalibration post-TP1 and tagging this as a conviction trade.
Overlay Ideas:
- Annotate breakout zone with “Retest Confirmed” label
- Deploy impulse tracker module with fib-based TP zones
- Use momentum confirmation toggle (RSI > 55, MACD histogram rising)
- Visual theme: Iron Pulse or Momentum Surge
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EURCAD ShortBroader Market Structure (EUR/CAD 15M):
The broader structure is bearish. After printing a high at 1.62571, price shifted downward with a strong selloff, creating a new Change of Character (CHoCH) to the downside and confirming a Break of Structure (BOS) below earlier lows. This signaled that sellers regained control. The current upward push is corrective in nature, as it hasn’t yet broken the main bearish structure, suggesting continuation lower remains more likely.
Supply and Demand Analysis:
The upper supply zone around 1.6240–1.6250 is strong, as price previously dropped sharply from this area, showing clear selling pressure. A mid-level demand zone sits near 1.6225–1.6230, but since price sliced through it earlier without much reaction, it is relatively weak. The deeper demand zone around 1.6185–1.6195 is more significant, as buyers stepped in aggressively from there and created the current retracement. That zone remains the key area to test if sellers push back down.
Price Action Within Marked Region:
Right now, price is pushing up toward the overhead supply zone. Candles are showing strength on the climb, but this aligns with corrective retracement behavior rather than a trend reversal. The projection indicates sellers likely defending supply, leading to a push lower toward the 1.6185 demand zone.
Current Trade Bias & Outlook:
The bias is bearish, with the expectation that once price taps into supply near 1.6240–1.6250, it will reverse lower. The target is the deeper demand zone around 1.6185. The invalidation level for this outlook is a clean break and close above 1.6257, which would erase the bearish structure and open space for further upside.
Momentum & Candlestick Behavior:
Short-term momentum currently favors buyers during this retracement, but the broader flow still favors sellers. No strong bullish reversal pattern has formed, only corrective price action. If rejection candles appear at supply, it would confirm continuation down.
Potential rising Wedge on 1D TimeframeCurrently for EUR/CAD Price has been climbing steadily since February of 2025. With the initial weakness on the CAD due to Tariffs and then the Strength on EUR in late march of 2025 causing a 4 -5% increase in value across most EUR pairs. Now if we look at the daily timeframe we can see price is still making slow gains BUT!! we can start to see a formation of a rising wedge last Fridays poor NFP data Caused the DXY to plumet and in turn cause the EXY to rise as a result. Canadas poor unemployment and PMI fueled the strength in Fridays gains in the EUR/CAD.
While yes we made a new high on Friday at 1.62578 we did not however maintain and close above the previous high of August 22nd at 1.62084 we ended up closing at 1.62036. If you also take a look at RSI we are starting to show Clear as day divergence as price is showing a climb and RSI is showing a fall. This paired with the potential rising wedge has me looking for potential sell setups in the near term.
EURCAD Will Go Up! Buy!
Please, check our technical outlook for EURCAD.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.605.
The above observations make me that the market will inevitably achieve 1.619 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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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EURCADEURCAD (8H) — Bias: Buy-the-dip within rising channel
Structure: Price is trending up inside an ascending channel and just broke above recent range highs, leaving a fair value gap (FVG) below—classic setup for a pullback then continuation.
Flow/Momentum: Impulsive breakout candle, RSI turning up → buyers in control unless the breakout fails.
Idea: Look for a retrace into the FVG / prior ceiling turned support, form a higher-low, then continuation toward the upper channel rail.
Triggers: 1) Bullish rejection in the FVG; or 2) Break–retest holds with 1H/4H turning back up (5–15–30m align long).
Invalidation: An 8H close back inside the old range / sustained loss of the channel midline → neutralize the long bias.
EUR/CAD: Launching Long! Layered Entry Strategy For Gains💸 EUR/CAD "Euro vs Loonie" Bank Plan (Swing / Scalping) 📊
🎯 Trading Plan (Thief Layering Strategy)
Asset: EUR/CAD
Setup: Bullish Hull Moving Average breakout + retest 🟢
Entry (Layering Style): Multiple buy limit orders at
1.60800
1.60900
1.61000
1.61200
(You can expand layers based on your own risk preference)
Stop Loss (SL): Thief SL @ 1.60600 (adjust to your own risk strategy) 🛡️
Target (TP): Resistance "police barricade" around 1.62200 🏁
⚠️ Note: This is not financial advice — manage your own TP and risk as per your trading plan.
🔍 Why This Plan? (Fundamental + Macro + Sentiment + Thief Blend)
📈 Real-Time Snapshot (Sept 5, 2025)
EUR/CAD Spot Rate: 1.6025
Daily Change: +0.12%
52-Week Range: 1.4650 – 1.6350
👥 Trader Sentiment
Retail Traders: 42% Long 🐂 | 58% Short 🐻
Institutions: 55% Long 🐂 | 45% Short 🐻
😱 Investor Mood (Fear & Greed)
Index: 48/100 → Neutral ⚖️ (leaning fear due to global trade + US jobs data)
📋 Fundamentals
Score: 62/100 🟢
Drivers:
Eurozone growth resilient, ECB steady at 2% 🏦
Canada facing weak jobs data, BoC at 2.75% 🛢️
Oil prices steady, modest CAD support ⚡
🌍 Macro Score
Score: 58/100 🟡
Factors:
Global trade tensions weigh on CAD 🛡️
Eurozone recovery boosts EUR 💪
US policy uncertainty adds volatility 🌪️
🧭 Overall Market Outlook
Bias: Neutral → Slightly Bullish Tilt 📈
Why: ECB support + Eurozone recovery outweigh CAD’s oil-linked strength. Range likely 1.60 – 1.63 short-term.
🚦 Related Pairs to Watch
FX:EURUSD , OANDA:USDCAD , OANDA:GBPCAD , OANDA:EURGBP
Keep an eye on BLACKBULL:WTI (Oil) for CAD correlation.
✨ “If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!”
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First Day Of Going Part-Time In A 10% WeekQuick breakdown of my EUR/CAD position from last week combined with two other positions that could have yielded a 10+% return this week. Also it is my first day of going part time and it feels surreal doing trading work while my colleagues are at work.
Have fun watching and let me know if you enjoyed this series!
EUR/CAD BEST PLACE TO SELL FROM|SHORT
EUR/CAD SIGNAL
Trade Direction: short
Entry Level: 1.610
Target Level: 1.600
Stop Loss: 1.616
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
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?EUR/CAD is reacting off the pivot and could reverse to the 1st support, which acts as a pullback support.
Pivot: 1.61193
1st Support: 1.60319
1st Resistance: 1.62159
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.
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EURCAD: Market of Sellers
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURCAD pair which is likely to be pushed down by the bears so we will sell!
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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Will EUR/CAD Hold This Breakdown or Fake Us Out?🚨 What’s Cooking on EUR/CAD (4H)?
The market already whispered the next move... are you listening?
EUR/CAD gave us a clean bearish divergence, and it played out beautifully. But here’s the kicker — since then, the market flipped from higher highs to lower highs and lower lows. Classic bearish behavior.
Now it’s dancing around the last Lower Low (LL). We’re waiting for that breakout confirmation. If it drops below? That’s our green light. If it doesn’t? We walk away clean.
This trade setup isn’t just technical — it’s backed by solid sentiment and simple macro logic. Here’s the full breakdown:
📌 EUR/CAD (4H TF) Trade Snapshot
Trend: Bearish
Divergence: None (Already played out before)
Current Pattern: LH and LL forming (bearish structure)
Bias: Bearish
Sentiment (myfxbook): 69% traders are short
SL: 1.61308
Entry (Sell Stop): 1.60047
Take Profit (TP1): 1.58786
Lot Size: 0.2
Risk/Reward: 1:1
Risk/Reward Amount: $200 / $200
📉 Why This Setup Makes Sense (Simple Fundamentals)
1.EUR is Weak
*The Euro is losing strength across multiple pairs.
*Europe’s economy isn’t looking strong, and investors are stepping back.
2.CAD is Holding Steady
*Canada’s dollar is neutral — not surging, but not dropping either.
*Stable oil prices support CAD.
This gives the bearish trade idea even more weight.
🛡️ Why This Strategy Is Smart
We're not just jumping in blind.
❗ We only enter if the market confirms by breaking the previous Lower Low.
❗ No confirmation = no trade = no loss.
✅ If it breaks, we ride the wave down with strong risk control and clear targets.
It’s all about patience and precision.
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⚠️ Disclaimer:
This is not financial advice. For educational purposes only. Trade at your own risk.
EURCAD Will Explode! BUY!
My dear friends,
Please, find my technical outlook for EURCAD below:
The price is coiling around a solid key level - 1.6058
Bias - Bullish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.6083
Safe Stop Loss - 1.6042
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