FullTimeTrader
Long

EURCAD- update-Still remain bullish unless...........

FX:EURCAD   Euro Fx/Canadian Dollar
220 2 5
this in an update, i published this idea 12 days ago
EURCAD-Multiple reasons to go long

I took this trade on D1, price almost reached profit and retrace after some fundamental news coming from Canada
then i close all positions, with almost 200 pips gain
now i am ready to reenter, the price is bouncing again at the strong support area shown on the chart
fundamentaly, the Euro             is getting stronger against other currencies last days
my bias will change if this support breaks

Happy trading
samed.karsanbas
2 years ago
everybody has been waiting for reverse since 1.4421 :):) but when price is going through to up bears atacking and taking all bulls down. i been watching out this pair over 3 month and i got succes trade many many time to geting sell position. dont let price trick u when starts to go up it just a chance to get sell position :).short time buy strategy is fine but long term i dont belive this price can see again 1.46xx.
canada economy rising and i been following over 3 month all news shows to us canada economy rising as stable..and cad will take this pair under of 1.38xx.
Reply
FullTimeTrader samed.karsanbas
2 years ago
Thanks for your comment, the market will tell. Most importan thing is be preparead for any scenario and keep a good R/R ratio.
As i said, if the price brokes the support area i will change mi bias and look for shorts.
Happy trading.
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