Euro / Canadian Dollar
Long
Updated

EUR/CAD Bullish Momentum: Targeting 1.51+ !?

πŸ“Œ Key Observations:

1. Support Rejection βœ…: The price has bounced off the support zone (highlighted in red), which was a critical level for a bullish continuation. This level is now acting as a launchpad for further upside.


2. Bullish Momentum πŸ“ˆ: The market structure suggests a strong uptrend, with recent bullish candles breaking through resistance.


3. Next Target 🎯: The green resistance zone at 1.51+ is the main target for buyers. The blue arrow indicates a potential move towards this level.


4. EMA 200 πŸ“‰ (Red Line @ 1.48721): The price has successfully traded above the 200-day EMA, reinforcing bullish sentiment.


5. RSI (14) at 58.89 πŸ“Š: The RSI is approaching the 60 level, showing bullish strength, but not yet overbought (above 70), meaning there’s still room for an upward move.



πŸ”Ž Potential Scenarios:

If the price breaks 1.51, we could see a further push towards new highs. πŸš€

If the price rejects from 1.51, a retracement to 1.50 or lower might happen before another attempt upwards. πŸ”„


🎯 Conclusion: The market is currently bullish, with a high probability of hitting the next resistance zone. Watch for confirmation near 1.51β€”a breakout could mean further gains, while rejection could signal a pullback.
Trade active
snapshot

βœ… EUR/CAD Analysis Playing Out! πŸš€ βœ…

Our first target hit successfully 🎯, and now the price is pulling back for a retest! This is a critical momentβ€”stay cautious and manage your trades wisely! ⚠️

πŸ” What to Watch:
πŸ“Œ Retest Zone: Potential support/resistance reaction
πŸ“Œ Break or Bounce? A confirmed move will set the next direction

Hope you secured your profits! πŸ’° Stay sharp, and trade safe! πŸ”₯ #EURCAD #Forex #RiskManagement







Trade closed: target reached
snapshot

🎯 EUR/CAD Target Hit – Mission Complete! βœ…πŸ”₯

EUR/CAD has successfully reached all targets, wrapping up a perfect trade! πŸ“ˆπŸ’° Patience paid off, and the plan played out smoothly! πŸš€

πŸ” Key Takeaways:
βœ… All Targets Achieved – Trade executed perfectly
βœ… Great Precision – Market respected key levels
βœ… Time to Secure Profits & Move Forward!

Hope you all made the most of this move! On to the next setup! πŸ“ŠπŸ’‘ #EURCAD #Forex #TradingView

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