Fxprotrader
Long

EURCAD A Big Move Is About To End, A Bigger One Is Coming

FX:EURCAD   Euro Fx/Canadian Dollar
935 8 52
5 months ago
After a great trade, catching a big down move (click the link on the chart) price is now testing the lower bond of a larger degree correction. We should now be patient and wait for price to break above the wedge pattern it' been moving in for a while. If price breaks above, we should watch for a buy setup and go long with EURCAD             .
5 months ago
Comment: Price has broken above the wedge pattern and it's now retracing. We should now watch for a buy setup
5 months ago
Comment: Price is heading as expected to the upper bond of the corrective structure. If we have a breakout above this trendline we should keep an eye for a buy setup before buying.
5 months ago
Comment: Price has more room to the upside but we might have a small retracement before going up. That's another good buy opportunity
snapshot
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Metafora
5 months ago
What kind of signals or indicator do you use to go for it in your setups? Candlestick, MacD, Ichimoku,..?
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Eliofrancesco
5 months ago
thank you , well spotted
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Fxprotrader PRO Eliofrancesco
5 months ago
Thank you..!
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yeocs93
5 months ago
Hi, what stop loss and Take profit would you put if I were to enter at current price (1.4400)?
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Fxprotrader PRO yeocs93
5 months ago
For stoploss It depends on your strategy.. As for profit target i always set it looking at structure.
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yeocs93 Fxprotrader
5 months ago
Followed your trade previously, it was awesome but didnt know how to set SL and TP to maximise my profit. In this case, are we looking at 1.4670?
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marcus123
5 months ago
nice trade, caught that one just right!
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Fxprotrader PRO marcus123
5 months ago
Thank you marcus
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