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EUR/CAD (OANDA EU Clients)

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EURCAD.PRO.OTMS trade ideas

new operations in EURCADD In my daily analysis of the EUR/CAD pair, it's clear that we are currently on the verge of a significant bullish breakout. The Euro has reached the 1.49 Canadian Dollar level in the early hours, and it seems to be attempting to break above the short-term resistance we observed. If successful, the market might head towards the next logical target, the 1.50 Canadian Dollar level. This is a big, round, and psychologically significant figure, likely to attract attention due to options markets and the general appeal of large, round numbers.
by JoelFinancial
EURCAD long Opportunity Uptrend : The EUR/CAD pair is in a strong uptrend, characterized by higher highs and higher lows. Support and Resistance Levels : The pair has broken a key resistance level around 1.49561, which now acts as support. The next significant resistance is at 1.50450. Moving Average : The current price is above the 200-period SMA, indicating long-term bullish momentum. The position aims to capitalize on the continuation of the uptrend following the break of resistance at 1.49561. The stop loss is placed below the recent support to minimize risk in case of a trend reversal. The take profit is set at 1.50450, aligned with the next potential resistance zone.
Long
by Metow1sw
EURCAD Can Fall Fall Further DownThe last standard W pattern had failed. EURCAD completed an extended W pattern. It showed some rejection from the top. We have a support level in there. If this support levels is broken and confirmed with a bearish signal, we can see a good short opportunity. Targets are on the screen: If you found this interesting please consider supporting this analysis by liking, commenting, and sharing with friends, colleagues, traders, and trading communities. Thanks👍🙂
Short
by vikinsa
Sell EUR/CAD Channel BreakoutThe EUR/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.4932, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.4880 2nd Support – 1.4853 Stop-Loss: To manage risk, place a stop-loss order above 1.4965. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_FOREX_TRADING
2
Shorting EURCAD: From Eiffel Tower to Canadian Beaver Tails- Your One-Way Ticket to Profits LOL The Eurozone's got more cracks than a sidewalk after a monster truck rally. Seriously, their economy's shakier than a chihuahua with a sugar rush. Canadian loonie's about to get stronger than a hockey player after a double-bacon poutine. Get ready for the maple syrup to flow like profits into your account! Europe's on vacation mode, but their currency ain't invited. While they're sipping piña coladas, the loonie's gonna be working overtime, leaving the Euro in the dust. Shorting EURCAD is like betting on a snail race against a cheetah. It's pretty much a guaranteed win (unless that snail has a hidden jetpack, which, let's be honest, is unlikely). Imagine all the maple syrup-flavored Lamborghinis you can buy with your EURCAD short profits! Okay, maybe not Lamborghinis, but definitely enough poutine to make your taste buds do a happy dance. So there you have it, folks. Shorting EURCAD is a recipe for financial fun (and maybe a slight case of diabetes from all the poutine you'll be eating). But hey, winning trades and delicious Canadian treats? Sounds like a sweet deal to me!
Short
by FtradeFXArabic