Watch the eclipse area in 4H TF for the price action. If retested lower line of the bullish trend and it was rejected you can enter for a short position. Otherwise, If a candle was closed above this line, a long entry would be appropriate.
HIGHER RISK TRADE: Long NOW since the CAD is weaker than EUR ATM
Long-term outlook: In weekly timeframe I'm seeing a XABCD setup having the price currently at C location. Therefore, EURCAD is expected to rise up to 1.64 in long-term.
NOTE: Use low leverage.
HIGHER RISK TRADE: Long NOW since the CAD is weaker than EUR ATM
Long-term outlook: In weekly timeframe I'm seeing a XABCD setup having the price currently at C location. Therefore, EURCAD is expected to rise up to 1.64 in long-term.
NOTE: Use low leverage.
Comment:
There is currently a 30PIP difference between ASK & BID price. 🤔 Let's see what happens!
Comment:
If you have open long positions, be careful with your SL. SL hunters are watching you 😉
Comment:
Price is currently testing the lower line of the bullish trend. Have your eyes on the price action.
Trade active:
EURCAD has now a candle closed (4H TF) at the bottom of the bullish trend. As we have anticipated previously, a long entry would be appropriate now with a good R:W.
TP1: 1.5038 (180+ PIP)
TP2: 1.5167 (280+ PIP)
SL1: 1.4760
SL2: 1.4822
As noted before, be careful with your SL.
TP1: 1.5038 (180+ PIP)
TP2: 1.5167 (280+ PIP)
SL1: 1.4760
SL2: 1.4822
As noted before, be careful with your SL.
