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EURCAD trade ideas

Could EUR/CAD drop from here?The price has reacted off the pivot and could potentially fall to the 1st support. Pivot: 1.51181 1st Support: 1.50414 1st Resistance: 1.52059 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.
Short
by ICmarkets
EURCAD - BULISH BIAS I’m optimistic about a continued bullish run in the EUR/CAD pair. However, always watch for signs of reversal near resistance levels and use proper risk management. If the price breaks the 1.50353 support level, we might need to reconsider the bullish bias. Keep an eye on these levels as we head into the next trading sessions. Here are the specific price levels for the targets and zones: Support Level: 1.50353 Resistance Level: 1.52152 Initial Support Zone (highlighted in blue): Approximately between 1.50353 and 1.49952 Potential Target Zone (highlighted in green): Approximately between 1.50800 and 1.52152 #SalahudinSomali #Fxtrading
Long
by SalahudinSomali
EURCAD Possible Long Position BBMA OA ZONE ZERO LOSS4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - CSAK + Entry in MALO Note: * Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Long
by GreggiBond
GBP/AUD Short, NZD/JPY Short, USD/CAD Short and EUR/CAD ShortGBP/AUD Short Minimum entry requirements: • If area of value tapped into, risk entry after a 1 hour rejection from it. NZD/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. USD/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/CAD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Short
by StewySongs
EURCAD Long IdeaMarket broke out of a SnR zone that as been rejecting price on the weekly time frame. Market broke a resistance zone came back to retest it creating a demand zone. Now market is pulling back into the demand zone at 0.5 fib level and a round number @ 1.49 where buyers can push the market back up. We will wait for BULLISH CANDLESTICK CONFIRMATION before going long from the zone. If this zone fails to hold then the next zone to watch out for will be at 0.236 fib level
Long
by Bello-swings
EURCAD Projection 1.4725EURCAD spent most of last week in retracement, following a failed breakout attempt on Friday 2nd August. A clue to this was in the Volume. At the first day of August a bullish pin bar formed on higher Volume off the 20D MAV. The Volume to breakout on the next day was lower, and yet the spread 4x's larger. This means there would not be a sustained push by the Buyers, and quickly the move fizzles out, as the Sellers take control. These false breakouts act as Bull Traps, and invariably see price reenter the consolidation. As such looking for a price move back towards the 200MAV at 1.4725. This would be at the limit of the weekly ATR (which has been 250 pips in the last 2 weeks). If we consider an Intermarket Analysis, Crude Oil seems to be in an uptick and likely to go higher next week. Given that this commodity is a close proxy for the Loonie, lends an argument to a fall in EURCAD.
by Umlingo