EURCAD Long setup

FX:EURCAD   Euro / Canadian Dollar
Potential EURCAD             long setup:

Price is finding support at the 800EMA, but might dip lower down to retest the previous support. Look for long opportunities on lower timeframes (4hr & 1hr).

Look to enter long at a 50% retrace from most recent swing low to swing high (around 1,4280) OR wait for price to retest swing around 1.4080. This is the type of setup where scaling into your position would work well.

Stop: Below recent swing low or at 1,3980

Profit: If price moves north, expect to find resistance at the 200 EMA and previous trendline . This is a good place to set your stop to break-even if you entered long near the 800EMA.

Aim to target Resistance Zone #2, as price retests previous swing high.

Happy trading!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out