If you're anticipating a 100-pip bullish movement in the EUR/CAD currency pair over the next 1-5 days, here's how you might interpret and analyze that scenario:
1. Current Price Movement
You expect EUR/CAD to rise by 100 pips, which indicates a potential strengthening of the Euro against the Canadian Dollar.
For instance, if the current price is 1.5000, a 100-pip upward movement would bring the price to 1.5100.
2. Timeframe: 1-5 Days
A 1-5 day timeframe is relatively short-term, which means you're expecting this movement within a trading week. Here's how to approach this in terms of trading or analysis:
1. Current Price Movement
You expect EUR/CAD to rise by 100 pips, which indicates a potential strengthening of the Euro against the Canadian Dollar.
For instance, if the current price is 1.5000, a 100-pip upward movement would bring the price to 1.5100.
2. Timeframe: 1-5 Days
A 1-5 day timeframe is relatively short-term, which means you're expecting this movement within a trading week. Here's how to approach this in terms of trading or analysis:
Trade closed: target reached
CLosed reached goal
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.