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ForecastCity
May 6, 2020 4:01 PM

Don't miss the great buy opportunity in EURCAD Long

Euro Fx/Canadian DollarFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.5218). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURCAD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 49.

Take Profits:
TP1= @ 1.5340
TP2= @ 1.5490
TP3= @ 1.5650

SL= Break below S2
Comments
Pro_Trader_007
thanks for your ideas
ForecastCity
@Pro_Trader_007, You're welcome! 🙏
itsurboytwist
Again this is great
ForecastCity
@itsurboytwist, thanks for following us. we appreciate your support.
caxr30
Great analysis
ForecastCity
@caxr30, thanks . 🙏
Mehmetozdemi
Great analysis
ForecastCity
@Mehmetozdemi, thanks. we're glad you liked it
pitsowarona
I also have the same set up too, been following you closely and most of the times you nail it.
ForecastCity
@pitsowarona, Thanks for sharing your point of view with us.
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