EURCAD Midterm Trade Plan

Looking at the EURCAD H4 Chart, we find out several trade opportunities.

Short Trade Opportunites:

Breakout and close below 1.51400 will carry the price 1.50500 support. After the breakout of 1.50500, we predict the price to complete the Bearish Bat Harmonic pattern at D. Our target of the short trade will be 1.49000 where the upper level of the area of the long  entry.

Long Trade Opportunities:

As described above, we will look for a Long opportunity at D. Area of the entry is 1.49000- 1.48610.
If the pair fails to break below 1.51400, we will look for a LONG opportunity at the breakout of the Trend Line as shown on the chart. Our targets will be 1.52420 and 1.53100.

Entry notifications will be sent to members.

Comment:

1.53100 target reached. Trade Closed.