Could the price drop from here?EUR/CAD has reacted off the pivot and could drop to the 1st support level which acts as an overlap support.
Pivot: 1.5866
1st Support: 1.5545
1st Resistance: 1.5995
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.
CADEUR trade ideas
The way forward for the EURCAD currency pairThe EURCAD price trend after the current upward trend is in the range of 1.58, even with partial downward corrections!
Please note that the chart is on the weekly time frame.
In addition, the analysis performed on this chart does not consider the trading entry position and is only considered to express the price target.
Good luck.
MJ.REZAEI
short. extremely overdone.. wick highs = reshorts.short. extremely overdone.. wick highs = reshorts.
Check out our socials for some nice insights.
Let us know if there're any pair you like to see or if this is something you like.
Do ask if you have any question
Not as refined as our direct trade setups. More for advanced active traders.
information created and published doesn't constitute investment advice!
NOT financial advice
Bullish Continuation Pattern (Bullish Flag)Bullish Continuation Pattern, Bullish Flag
🔹 Bullish Flag – The price had a strong upward move, followed by a slight consolidation. If it breaks above resistance, it could continue the uptrend.
📊 Key Levels to Watch:
Target 1.57000
Stop Loss 1.55300
Support: Around 1.555
Resistance: Around 1.561 - 1.565
If price breaks above resistance with volume, it could indicate a strong bullish move! 🚀
⚠️ Risk Management: Always use 1-2% risk per trade to protect capital.
📌 Trade Wisely & Stick to Plan! 🚀
EURCAD chart shows a Bullish Flag PatternThis EURCAD chart shows a **Bullish Flag Pattern**, as indicated on the chart.
**Key Observations:**
- **Bullish Flag Pattern**: This is a continuation pattern that typically signals a potential upward breakout after consolidation.
- **Resistance Zone**: Around **1.56200 - 1.56400**.
- **Support Zone**: Around **1.55600 - 1.55700**.
- **Moving Averages**: Price is trading above the moving averages, indicating bullish momentum.
- **Volume Analysis**: Increased volume on the breakout suggests strong buying pressure.
### **Trading Plan:**
- **Entry**: If price retraces to support and shows bullish confirmation, a buy trade can be placed near **1.55700 - 1.55800**.
- **Stop Loss (SL)**: Below **1.55400** to minimize risk.
- **Take Profit (TP)**: Around **1.57000 - 1.57500** in case of a breakout.
Is CAD tariff premium overpriced?Will Trump really go with 25% tariffs for Canada?
Still days before Feb 1st and too much uncertainty
with current info available it does not justify tariff premium to be priced as such, waiting for EURCAD breakdown for a short
always wait for market to show u the signs and only enter with LTF confirmation
Note this is counter trend mean reversion trade idea so be mindful of potential pip and ATR range.
Second hedgepoint setupsmacro traders will know what announcement we waiting for
second stacked hedge point after our shared eurusd
short hedges
same thing LTF breakdown or a wick up crash
already in hedge flow zone
Check out our socials for some nice insights.
Let us know if there're any pair you like to see or if this is something you like.
information created and published doesn't constitute investment advice!
NOT financial advice
EURCAD Daily Trade Setup – Targeting Buy-Side Liquidity! 🔹 Daily FVG Mitigation: Price is currently in a Fair Value Gap (FVG) on the daily timeframe, indicating potential institutional interest.
🔹 Change of Character (ChoCH) on Daily: A bullish shift in structure suggests that smart money may be accumulating positions for an upward move.
🔹 Liquidity Target: The next expected move is towards Buy-Side Liquidity, where stop-loss clusters and pending orders reside.
📊 Trade Plan:
✅ Entry Confirmation: Lower timeframe (H4/M15) Break of Structure (BOS) + Order Block (OB) Retest
✅ Stop Loss: Below the last swing low or OB for proper risk management
✅ Take Profit: Buy-side liquidity level / Key resistance zones
✅ Risk-to-Reward Ratio: Minimum 1:3 to maximize potential gains
🔍 Key Considerations:
📈 Volume Confirmation: Institutional volume alignment (POC, HVN) for strong confirmation
⏳ London & NY Sessions: Best execution timings for high-probability moves
📅 Upcoming News Events: Watch for high-impact events that may influence EUR or CAD
⚠️ Risk Disclaimer: This is for educational purposes only, not financial advice. Manage your risk accordingly!
📊 What’s your bias on EURCAD? Comment below! 👇💬
#EURCAD #SmartMoneyConcepts #SMC #ICT #ForexTrading #LiquidityHunt #OrderBlocks #FairValueGap #ForexAnalysis 🚀📉
EURCAD NEW SELL PLAN (UPDATED)📌 EUR/CAD TRADE ANALYSIS & EXECUTION PLAN 🎯
🔥 Primary Sell Trade – High-Conviction Institutional Setup
🔹 Entry Zone 1: Sell Limit at 1.5500 (Liquidity Grab + Supply Zone).
🔹 Entry Zone 2: Sell Limit at 1.5550 (Final liquidity sweep before rejection).
🔹 Confirmation Entry (H1/H4):
✅ H4 Bearish Engulfing Bar (Major sign of institutional selling).
✅ M30/H1 Bearish Divergence (Momentum weakening at highs).
✅ Volume Spike at Highs (Liquidity grab & Smart Money distribution).
📍 Stop Loss & Take Profits:
✅ Ultra-Safe SL: Above 1.5600 (Liquidity grab invalidation).
✅ Safe SL: Above 1.5570 (Structure invalidation).
✅ TP1: 1.5350 (First reaction zone – move SL to breakeven).
✅ TP2: 1.5250 (Institutional demand zone).
✅ TP3: 1.5150 (Full move completion).
🎯 Confidence Level: ✅✅✅✅ (80-90%) – High Probability Trade
📍 Why This Sell Setup?
🔹 H4 Bearish Engulfing Bar: Strong rejection with institutional sell momentum at highs.
🔹 Bearish Divergence (M30/H1): Momentum exhaustion as price made higher highs while RSI/MACD failed to confirm.
🔹 Liquidity Grab Above 1.5450: Stop hunts triggered before a selloff, confirming Smart Money involvement.
🔹 Key Resistance Zone (1.5500-1.5550): Historical supply area where previous reversals occurred.
🔹 Overextended Rally: Price surged from 1.4900 to 1.5500 with no proper retracement – high probability for correction.
🚨 Trade Invalidation Criteria:
❌ Close above 1.5600 (Ultra-Safe SL hit).
❌ H4 bullish structure shift (Break & close above 1.5620+).
❌ Fundamental shift favoring EUR strength (Major news event).
📢 H4 engulfing bar + M30/H1 divergence confirm Smart Money selling! Watch for reaction at 1.5500-1.5550! 🚀
eurcad look for short continuation in LTFeurcad look for short continuation in LTF
long cad or short eur
Check out our socials for some nice insights.
Let us know if there're any pair you like to see or if this is something you like.
Do ask if you have any question
Not as refined as our direct trade setups. More for advanced active traders.
information created and published doesn't constitute investment advice!
NOT financial advice
Digesting the US & Canada job numbers The numbers are out and, so far, the market is reacting logically. Let's dig in!
NASDAQ:AMD
NASDAQ:AVGO
NASDAQ:NVDA
MARKETSCOM:GOLD
MARKETSCOM:EURUSD
MARKETSCOM:DOLLARINDEX
MARKETSCOM:USDCAD
Let us know what you think in the comments below.
Thank you.
74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
EURCAD POSSIBLE BUY CONTINUATION Price just broke a resistance level of 1.55469 a retest to this level will provide a good opportunity to go long. Fundamentally, the just released Canada unemployment rate came out worse than expected which further increase the probability of buy opportunity to emerge.
EURCAD Is Very Bullish! Long!
Please, check our technical outlook for EURCAD.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.552.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.561 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.
Like and subscribe and comment my ideas if you enjoy them!