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Canadian Dollar/Euro

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CADEUR trade ideas

EURCAD - 4hrs ( Sell Trade Target Range 150 PIP )🟢Pair Name : EUR/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— ✅Bearish Break 1.50600 Area Reasons ✅- Major Turn level ✅- Visible Range Lvn ✅- Pattern Break ✅- inner Choch Zone ✅- Fixed Value ✅-Fibo Golden ✅Bullish Reversal 1.48800 Area
Short
by GentleGoldenEngine
EURCAD → One step away from a rally. High chance to break 1.5100FX:EURCAD exited from the accumulation of the “descending triangle” format, which is a favorable signal for the continuation of the trend. A promising bullish structure is forming on W1. Euro, despite the ECB interest rate cuts, is growing and the growth is mostly related to the dollar, which is falling after Friday's news of PPI and Initial Jobless Claims. Now it is not the fact of the action itself that is being discussed, but how much it will be cut... Technically, the currency pair is consolidating in front of the global resistance at 1.51000. The strong level has been holding the market in the bearish zone for several years, but the fundamental background gives a chance to break and move into the realization and growth phase. Resistance levels: 1.5051, 1.51000 Support levels: 1750238, 1.4935 The primary reaction at 1.505 may end with a rebound, but most likely the bulls will manage to keep the defense above 1.5023 - 1.505, which may have a very favorable impact on the further growth of the trend. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURCAD ;) Regards R. Linda!
Long
by RLinda
8
EURCAD - 4hrs ( Buy Trade Target Range 200 PIP ) Pair Name : EUR/CAD Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Buy Opportunity ) Type : Mid Term Swing ——————————— 💠Bullish Break 1.51150 💠Chance of Successful break out of this level 80 % This level have 7 Bounces And Respect the break Out 💠mention key level with numbers / and why Our Key level of Break Out is so strong 1.51150 Price already retested it many time's and this level have no fake outs 💠mention is there a crosses ( trend or Channel ) with level and why ? yes - our break out level have cross with Channel Break Out in same area and this channel have best shape 2 bounce From The upper band and 3 Bounce From the lower band and middle line play a key level also And also break out of trend / 2 bounces 💠mention is there a volume in this level yes we have a very good volume in this area that's make the price move fast and far away after break out 💠mention is there a sociological numbers with number and why yes our break out area is a sociological Daily Major Area 💠mention the back ground is bullish or bearish and why yes our back Ground is bullish Cuz we have a very healthy break out candle also we have Fib Golden zone already broke out with visible range Volume Our Target Range For this Trade IS 200 PIP
Long
by GentleGoldenEngine