_VincentP_
Long

EURCAD long setup

FX:EURCAD   Euro Fx/Canadian Dollar
Looking to long EUR against the CAD for following reasons:
- Break of upper trend lone downward channel ;
- RSI and MACD were oversold on daily and now show a bullish trend ;
- Strong bullish daily candle indicating strong buying power at 1.45 region;
- On Weekly chart we are in an uptrend and lower trend line held and bounced of of it;

A buy order is placed at 1.4705 with a tight stop at 1.4650 and initial TP at about 1.5140 and if price continuous to rise a second TP is set at 1.5450.
Trade active: Order triggered at 1.4705 with TP at 1.5140, STP moved to B/E + 5 pips.
Trade closed: stop reached: Stopped out at B/E + 10 pips due to FOMC statement. Might look for new long after everything calms down.
Trade closed: stop reached: Stop reached last week at B/E + 5 pips.
Trade active: Opened a new long at 1.4720 with same TP at 1.5140. Still open.
Trade closed: stop reached: stop reached at B/E + 20 pips. Will look for an additional long next week.
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