Long EURCAD with high conviction (+++)
Entry: 1.51675
SL: 1.51325
TP: 1.52800
We continue to see upwards momentum given the EMAs.
Also, market has formed a flag pattern with a breakout to the upside.
Similarly, market has surpassed descending trendline resistance (now support) to the upside.
Based on price action, market failed to make LH and LL. This shows a reversal in the directional price movement.
As such, I am waiting for a pullback towards my entry before an explosive move upside.
Will continue to monitor this.
Note: I already have a prior LONG position on this pair. This trade is just to add on to my position.
Entry: 1.51675
SL: 1.51325
TP: 1.52800
We continue to see upwards momentum given the EMAs.
Also, market has formed a flag pattern with a breakout to the upside.
Similarly, market has surpassed descending trendline resistance (now support) to the upside.
Based on price action, market failed to make LH and LL. This shows a reversal in the directional price movement.
As such, I am waiting for a pullback towards my entry before an explosive move upside.
Will continue to monitor this.
Note: I already have a prior LONG position on this pair. This trade is just to add on to my position.
Trade active:
Market pulled back to entry as expected. Long trade entered.
Trade closed manually:
Market structure failed. Closed trade.
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28