short of eurcadthe up trend is reversing and last HL broke and price pullback to it and we reach to a supply zone too...
EUXCAD trade ideas
Bulllish bounce off?EUR/CAD is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.5897
Why we like it:
There is a pullback support that lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.58444
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement.
Take profit: 1.60623
Why we like it:
There is a pullback resistance.
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EURCAD What Next? BUY!
My dear friends,
My technical analysis for EURCAD is below:
The market is trading on 1.5784 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.5907
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.
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WISH YOU ALL LUCK
Idea on a chart Patience.
EUR CAD we have a great set up on H4 time frame fib 78.6 zone for a sell patience.
The Dollar trims losses on Monday but remains far from last week's highs near 100.00.
The Greenback lost 1.6% on Friday as the US Nonfarm Payroll report revealed that job creation has been much lower than previously thought.
Friday's employment figures boosted hopes of immediate Fed cuts and undermined speculative demand for the USD.
The US Dollar is trimming some losses on Monday, as the market assimilates Friday’s downbeat employment figures, but remains capped below 98.50, well below last week’s highs near the 100.00 psychological levels.
BUY EURCAD 4.8.2025Confluence order: BUY at M15
Type of order: Limit order
Reason:
- The current top is not touching anything, expected to rise to the sub-key of H1 above.
Note:
- Management of money carefully at the last bottom (1,59310)
Set up entry:
- Entry buy at 1,59090
- SL at 1,58910
- TP1: 1,59310 (~1R)
- TP2: 1,59824 (~4R)
- TP3: 1,60200 (~6R)
Trading Method: Price action (No indicator, only trend and candles)
EUR/CAD..ShortPrice retraced back to a major level that once was support now resistance multiple times in the past.
EURCAD ShortConfluence
1. Break and retest of the trendline
2. Order block in 1H
3. 61.8% Fib zone
It's a good spot to catch a clean 1:2. Wait for confirmation on either 1H or 2H timeframe to enter.
Good luck...
EURCAD SELL SETUPWe should see continuations on this EURCAD to the down side from this breaker blck by next week
HEAD & SHOULDER PATTERN SPOTTED IN EUR/CADHEAD & SHOULDER PATTERN SPOTTED IN EUR/CAD.
Price is expected to remain bearish in upcoming trading sessions.
On higher side 1.61100 level may act as a key resistance level.
On lower side market may hit the target of 1.58150.
Shorts ConfirmationPrepare to sell! Be Ready! Its preparing a move like eurusd, we try to make a similiar down push, this patern is ready to drain al that liquidity downstairs
EURCAD ShortEURCAD is now net short on the regression break.
I am considering this trade as oil has move over night.
EURCAD Looking for longs after breakoutAs you can see the price its trying to be in a consolidatioon zone and gave formed a double bottom too that we can posibly get buys on tomorows london sesion
EUR/CAD ADDED TO WATCHLISTLike the other Euro markets this one is falling hard, we are watching for a possible reversal pattern to show up. Momentum is very low so we could see a rubber band effect here. Keep watching.
EURCAD 1H longEURCAD 1 H made a beatiful sharp drop, now stalling arround some good support levels.
When such a drop happens with no pullback formed yet I'm happy to buy the way down.
Because the pullback has to come soon buyers step in at the support levels.
My plan is simple I open a manual grid at the support levels I draw and aim for a 2R profit
Current grid 3 levels
1 market order
2 buy limits
Tp 2R
extra confirmation RSI is oversold
EUR/CAD: Shorting the Climactic Rally Near 1.6000The strong rally in EUR/CAD has pushed the pair into extreme territory, approaching a major psychological and structural resistance zone. While momentum has been strong, this looks like a potential climactic or "blow-off" top, offering a highly favorable risk/reward opportunity to short the pair in alignment with the weak underlying Euro fundamentals.
The Fundamental Why 📰
The core thesis remains bearish for the Euro. The European Central Bank (ECB) maintains a distinctly dovish tone, signaling a willingness to ease policy further to support a slowing Eurozone economy. This fundamental headwind suggests that extreme rallies in Euro pairs are often exhaustive and present prime shorting opportunities.
The Technical Picture 📊
Major Supply Zone: The price is entering a critical multi-month supply zone between 1.5950 and the key psychological level of 1.6000. This is a major ceiling where significant selling pressure is anticipated.
Fibonacci Extension: This area aligns with a key Fibonacci extension level (1.272) from the last major impulse wave, a common zone where trending moves become exhausted and reversals begin.
Pronounced RSI Divergence: A clear bearish divergence is forming on the daily chart. As price makes this final push to a new high, the Relative Strength Index (RSI) is making a significantly lower high, signaling a deep exhaustion of buying momentum.
The Counter-Trade Rationale 🧠
This is a high-level fade. We are positioning for a reversal at a major, technically significant ceiling. The extreme price extension, combined with clear momentum divergence, indicates that the risk of buying at these highs is substantial. By shorting here, we are betting that the powerful technical resistance and weak fundamentals will trigger a significant correction.
The Setup ✅
📉 Pair: EUR/CAD
👉 Direction: Short
⛔️ Stop Loss: 1.63230
🎯 Entry: 1.59490
✅ Take Profit: 1.52008
⚖️ Risk/Reward: ≈ 2:1
EURCAD is BearishPrice was in a strong uptrend, however now it seems that bulls are exhausted, the notion is further validated by a double top reversal pattern with bearish divergence. If previous higher low is broken with good volume, then we can expect a bearish reversal as per Dow theory. Targets are mentioned on the chart.
EURCAD - Strong Reversal Impulse off Double TopEURCAD has created bearish price action with a strong reversal impulse pushing down from the double top level. Waiting for a continuation to confirm a sell opportunity with a good R:R.
Good Luck
Daily outlook 7-28-25Daily outlook 7-28-25 - in this outlook i will tel my friend what i am gonna trade for today.
MORNING FORECASTING LESSONSIt's important to recognise that the position of our trades is just as critical as the entry point. We need to clearly understand how to get involved and have a solid grasp of our trade setups. of our trade setups!
