Get started
Fxprotrader

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

Long
Euro / Canadian Dollar (FX:EURCAD)  
Fxprotrader Updated   
FX:EURCAD   Euro / Canadian Dollar
EURCAD Wedge
52
8
eurcad wedgepattern
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.
Comment:
Price has broken above the wedge pattern and it's now retracing. We should now watch for a buy setup
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.
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

Related Ideas

Fxprotrader
How To Trade Harmonic Patterns The Right Way (Educational)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.