EURCAD Buy Setup

FX:EURCAD   Euro / Canadian Dollar
284 6
EURCAD heading towards oversold area. Best to enter long after watching priceaction with momentum. Dont enter during consolidation.
Ok I will cancel it but when I can take it buy ?
Buy limit I trust you ;) but what is the best to
Daniel-Malik AlajmiFOREX
As i said in chart, please dont enter while consolidation, so only enter after watching priceaction. I dont recommend keeping buy limit orders. Happy trading!
How many times when it rebounds from the Support or Resistance that makes it a worthy of noticing it as a strong support or resistance - Is there a set number? What makes you decide that 1.4408 is a better buy zone than 1.4288?
please advise
In Trading market, no set numbers can be given. Market is very dynamic and we should never mistake to predict it, we can only watch its action and act accordingly. According to current momentum, volumes and considering previous high support level at 1.4408 i view it as a potential and likely buy zone. However, its my view only.
+1 Reply
aa2016 Daniel-Malik
Thank you
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