💡Don't miss the great buy opportunity in EURCAD Long

Euro Fx/Canadian DollarFXCM

Description

⋅ Jan 24, 2022 5:45 PM

Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.4277).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.

Take Profits:
TP1= @ 1.4387
TP2= @ 1.4465
TP3= @ 1.4547
TP4= @ 1.4643
TP5= @ 1.4732

SL= Break below S2

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Comments

DenizKilicDeniz

⋅ Jan 24, 2022 6:26 PM

Excellent idea, I will add this to my watch list.

ForecastCity

⋅ Jan 24, 2022 6:46 PM

@DenizKilicDeniz, Thank you! Hope it's inspiring.

teddy8

⋅ Jan 24, 2022 6:05 PM

Thanks for your ideas. What do you mean by "short term" 1 week, 2 wks or More. How about long term as well? Thanks

HayeTrading

⋅ Jan 24, 2022 5:55 PM

Euro showing massive strength here, I'm on board with all bullish ideas to carry on this trend. Good stuff, thanks 👍

ForecastCity

⋅ Jan 24, 2022 6:47 PM

@HayeTrading, You're welcome! Thank you as well for your comment.