Deep-Peat-Shark
Long

EURCAD ~550 pips left to go

OANDA:EURCAD   Euro / Canadian Dollar
Earlier I posted this EURCAD opportunity in the Forex chat room on TradingView. There is still a good 550 pips left to gain I estimate, however if you go in now you need to wait for the pullback when EUR goes down and then time precisely for the upswing.
Trade active: Expecting a CAD crash which will cause EURCAD to rally up and then come down quickly as well. However at the same time EUR will rally so the effects may be annulled.
Trade closed manually: Latest analysis discovered CAD to rally and EURCAD therefor to drop
Arnaud Kleinveld

Comments

can you elaborate on why CAD should rally (hope it will be better than jpy ^^)
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Deep-Peat-Shark lapin_eliott
@lapin_eliott, CAD performance shows repeated rally attempts since 2016, exactly the time range many traders are watching UC as they expect it to drop. Recent detailed performance data shows CAD actually tries to get more to the upside but seems to be held back by the AUD/NZD/JPY group which in turn seems to be held back by USD sudden upside performance. Nevertheless USD is scheduled a drop it seems, like it's planned by the market and also has started to show signs of weakness. CAD had previously some bad news but now it seems to be coming back up to strength and as soon USD falls and AUD & JPY rise CAD will likely tag along as it often correlate with these two and this is a good example of when this could happen.
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