This is a swing trade for the rest of the year - Ideally, I would only like to be buying this pair.
Analysis
12M - Bullish structure & candle stick forming
6M - Still bullish.
3M - March is the last 3rd Candle to complete this candle stick. I'd like to see this push up more so we can start looking around 1.50
1M - This will form a strong bullish candle stick for March.
W - Continuation - Forming a strong weekly Bullish candle
D - Price is currently bouncing on a strong Daily previous resistance - now support line. Continuation after Monday retest on the Daily support line. Tuesday Forming a clear bullish candle stick suggestion continuation. Just have to be cautious of any strong wicks.
No heavy news EU or CAD this week, so this should be a bless trade.
Happy Trading/Investing
Please feel free to share your view
God Bless.
Trade active
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It's been a hectic 1/2 weeks but my trade idea is still active and valid.
Hopefully, we can see this price start heading up to close the 3M candle.
No heavy CAD news, but there is a lot of EU news coming up this week. Be cautious buy I would be looking to add to my current entries.
Bless Trading
Comment
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Do not fear!!
As previously mentioned, there will be a lot of wicks/pullbacks.
This is also a long-term swing trade, so please be patient.
I have been very stubborn and have held onto this trade since 12th of March.
upon entering the last week of March, we'll start pushing up! 😅
Order cancelled
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Unfortunately, I have now been stopped out😓
I'd still like to see EC push up.
I am disappointed, but you can't win them all, unfortunately.
you bias is still valid, but I think your SL is way too tight for a swing trade
kofikevs
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@possiblechuzzy4, You'tr right, I'll be looking to enter again in the next quarter when the opportunity presents itself
Costy13
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Hi my friend, your analysis for it being overall bullish long term I see should be true, I am expecting to see a drop to the level of 1.46000 area before consolidating to then make impulse move higher, at the moment non commercials cot report just added on Euro +14,449 short to positions and -11,616 longs , so good possibility euro drops a little next week, good luck
kofikevs
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@Costy13, Hi my friend, thank you for the feedback! I also believe that long-term this trade is bullish. Could you please share where you get your fundamental news from? I trade technical, but I hope developing my fundamental skill will give me more of an edge. Thank you & God bless