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EURCAD trade ideas

Potential bullish rise?EUR/CAD has reacted off the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 1.48202 1st Support: 1.47236 1st Resistance: 1.49775 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. 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.
Long
by ICmarkets
EURCAD Technical Analysis: Swing Sell SignalEURCAD Technical Analysis: Swing Sell Signal Market Outlook: Bearish Trend Confirmation The EURCAD pair is presenting a compelling bearish setup, with multiple technical indicators suggesting a potential downward movement. Traders should carefully analyze the key levels and market dynamics supporting this sell signal. Trade Specifications - Action: SELL - Entry Point: 1.4882 - Stop Loss: 1.4976 - Take Profit: 1.3870 - Risk Parameters: - Stop Loss Distance: 94 pips - Potential Profit Target: 1,012 pips - Potential Risk-Reward Ratio: Approximately 1:10.8 Technical Analysis Market Structure The current market structure indicates a bearish momentum building up in the EURCAD pair. The sell signal is supported by several key technical observations: - Potential completion of a corrective bullish pattern - Clear resistance level established at the current price point - Confluence of technical indicators suggesting downward pressure Entry Point Rationale The entry point at 1.4882 represents a strategic selling opportunity, characterized by: - Rejection of recent highs - Potential bearish reversal pattern - Confluence with key resistance levels Stop Loss Placement The stop loss at 1.4976 provides: - Protection against minor price fluctuations - Clear invalidation point for the trade setup - Reasonable buffer above the entry point Take Profit Target The take profit level at 1.3870 is strategically positioned: - Targets a significant support zone - Aligns with potential long-term bearish trend - Offers substantial profit potential Trading Strategy Considerations 1. Entry Confirmation - Wait for additional confirmation before executing the trade - Look for bearish candlestick patterns - Confirm with momentum indicators 2. Risk Management - Never risk more than 1-2% of trading capital on a single trade - Use proper position sizing - Consider scaling out of the position at intermediate support levels 3. Market Context - Monitor broader economic indicators - Pay attention to ECB and Bank of Canada monetary policies - Consider correlation with other currency pairs and market sentiment Technical Indicators to Watch - Relative Strength Index (RSI) - Moving Average Convergence Divergence (MACD) - Fibonacci retracement levels - Key support and resistance zones Potential Challenges - Volatility in forex markets - Unexpected economic announcements - Potential for trend reversal - Impact of global economic events Psychological Aspects - Maintain discipline in trade execution - Stick to predefined trading plan - Avoid emotional decision-making - Be prepared for both winning and losing trades The EURCAD pair presents a technically sound sell opportunity with a favorable risk-reward profile. Traders should approach the trade with caution, implementing robust risk management strategies. Disclaimer - This analysis is for educational purposes only - Market conditions can change rapidly - Always conduct your own due diligence - Consult with a financial advisor before making trading decisions - Past performance does not guarantee future results Trade responsibly and manage your risk carefully.
Short
by Akshulive
Bearish drop?EUR/CAD is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 1.4890 Why we like it: There is an overlap resistance level that lines up with the 50% Fibonacci retracement. Stop loss: 1.4980 Why we like it: There is an overlap resistance level. Take profit: 1.4726 Why we like it: There is a pullback support level that aligns with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURCAD My Opinion! SELL! My dear followers, I analysed this chart on EURCAD My Opinion! SELL! and concluded the following: The market is trading on 1.4924 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.4827 Safe Stop Loss - 1.4981 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. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURCAD SELLEUR/CAD 4-hour timeframe with respect to Wyckoff market cycle stages and current price action. Here's the step-by-step evaluation: Wyckoff Analysis Distribution Phase: The chart shows a prolonged sideways range at the top (above 1.50), suggesting a distribution phase. This is evident from the multiple rejections at the resistance zone around 1.51679. The volume during this range shows spikes on bearish candles, indicating selling pressure by smart money. Markdown Phase: Following the breakdown from the range, the price formed a clear impulsive downtrend, completing a 5-wave Elliott pattern (labeled as 1 to 5 in the chart). The markdown culminated near 1.44886, which aligns with strong support and Fibonacci extension levels (1.618 at 1.45131). Volume increased significantly.
Short
by HoratiuBogdan
1
Bullish bounce off overlap support?EUR/CAD has reacted off the pivot and could rise to the 1st resistance which acts as an overlap resistance. Pivot: 1.48895 1st Support: 1.48252 1st Resistance: 1.50070 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. 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.
Long
by ICmarkets
EUR/CAD BUY OPPORTUNITY . DESCRIPTION OF TRADE AS we can clearly identify head and shoulder pattern and retest of the neckline of the pattern , which gives us a text book confluence of the pattern . And so , inline with the chart pattern we now look for market structure to look for potential trade we could get . Atm, i am looking only for buy opportunity and in line with the market structure. My trade confluences are : 1 Market structure in in line with overall swing structure 2 Supply and demand 3 Liquidity 4 Premium / Discount area. Note : With confluences there are other key factors that will help me decide to take trades e.g. time of the trade , live market footprint etc .
Long
by rubinGrg
Potential bullish rise?EUR/CAD has reacted off the pivot which acts as a pullback support that aligns with the 61.8% Fibonacci retracement and could rise to the 1st resistance. Pivot: 1.48202 1st Support: 1.47236 1st Resistance: 1.49775 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. 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.
Long
by ICmarkets
EURCAD Resistance , All eyes on SellingHello Traders In This Chart nzdcad HOURLY Forex Forecast By FOREX PLANET today NZDCAD analysis 👆 🟢This Chart includes_ (NZDCAD market update) 🟢What is The Next Opportunity on NZDCAD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1