botje11

EURCAD long term trade. Part 3

FX:EURCAD   Euro / Canadian Dollar
Previous analyis went quite well, showing the small drop to the entry zone prior to the big rally. Takes some profits at the highs with the plan to re enter at the yellow circle again. Now that bear flag i showed in the last update, seems to be in play. Broke the support line and now seems to be hanging below it. Making the chances high for another move down. I still have a part of the long running, but i will wait patiently to get in again at the yellow circle, as the blue line suggests. Think we will see a double bottom shape on the lower time frame, so i might use that to re enter again.


Previous analysis:


Want to support me? My affiliates:

partner.bybit.com/b/botje12

onelink.to/quantfury
Add invite code AFTER signing up, bonus up to $250: 4JU345F3
1 trade, 30 day wait, to claim bonus

www.kucoin.com/r/af/rMQN2A5
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.