EUR/CAD Cup & Handle Formation...!
As I am sure you are aware, from the previous posts I've written and I will say it again: longer time frame indicators short time frame movement.
I am long term bullish on EUR, since around 1.13 half to 1.14 areas.. By seeing this formation, makes me even bullish, but I want to get in at a cheap price, because that's what will give you the greatest R/R. Now today we have Powell speaking, which could shift the market in either direction. I won't be trading whilst this even occurs, as it could go either way with increasing amount of volatility.
Technicians: Bullish formation
- Cup and Handle formation
- Bullish Flag forming
- Keep support areas to keep an eye on
Be sure to follow your trading plan, add your own technical analysis indicators.
I'd wait for key pull back or break out of the bullish flag forming then pull back then add further risk towards the bullish momentum occurring.
Just a trade idea, not a recommendation.
All the best,
Trade Journal
As I am sure you are aware, from the previous posts I've written and I will say it again: longer time frame indicators short time frame movement.
I am long term bullish on EUR, since around 1.13 half to 1.14 areas.. By seeing this formation, makes me even bullish, but I want to get in at a cheap price, because that's what will give you the greatest R/R. Now today we have Powell speaking, which could shift the market in either direction. I won't be trading whilst this even occurs, as it could go either way with increasing amount of volatility.
Technicians: Bullish formation
- Cup and Handle formation
- Bullish Flag forming
- Keep support areas to keep an eye on
Be sure to follow your trading plan, add your own technical analysis indicators.
I'd wait for key pull back or break out of the bullish flag forming then pull back then add further risk towards the bullish momentum occurring.
Just a trade idea, not a recommendation.
All the best,
Trade Journal