FX:EURCAD   Euro Fx/Canadian Dollar
103 4 4
10 months ago
I believe there is a long opportunity for this pair. Firstly, price has broken a key trend kind acting as resistance which, on the daily chart , is a boundary for unstructured rectangle consolidation. We have a clean pierce though on both the 4 hour and 1 hour charts with a bearish hammer and 2 bullish candles. There was also an inverse head and shoulders pattern formed recently which signifies reversal. I believe price should move to the next structure high at around 1.58128

10 months ago
Trade closed: stop reached: Target reached profit but a candle with an extremely long lower wick stopped me out. Stop might have been in the wrong place but perhaps an unlucky trade.

Related Ideas

Amina66
10 months ago
I'm in! :D thanksss.
Reply
Mandeep.Singh PRO Amina66
10 months ago
Fingers crossed!
Reply
PrasadMalandkar
10 months ago
Excellent trade
Reply
Mandeep.Singh PRO PrasadMalandkar
10 months ago
Thanks, unfortunately a long wick stopped me out but it's all good!
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out