LewisGlasgow
Long

EUR/CAD - Price Structure

FX:EURCAD   Euro / Canadian Dollar
Hello traders, it appears EUR/CAD has formed a triple bottom on the 4h chart. This is an excellent opportunity with a potential 400+ pip return!

You can buy from the current position or wait for a close above the neckline around 1.42300.

I hope you all have a great weekend :)
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seems like eurocad is still crawling.. do you guys think its still gonna go higher or go down again , price is at 1.3923 now
+1 Reply
@saiforex9, I can't see price breaking the support level at 1.38750, expecting a move up to at least 1.41000
Reply
saiforex9 LewisGlasgow
@lewglasgow, I'm watching the price with an eagle eye bro ..... been pretty crazy today...goes up and down and down ... at 1.3900 now, I hope it heads up ...hmmmm
Reply
saiforex9 saiforex9
@saiforex9, mate, it broke .. kinda surprised that it broke , now at 1.3870
+1 Reply
@saiforex9, I would keep an eye on a fakeout, price hasn't closed below support yet.
Reply
saiforex9 LewisGlasgow
@lewglasgow, seems like it has closed below support now aye ...
+1 Reply
AllenChen saiforex9
There's probably still a chance for upside if we don't see a close below 1.38
Reply
@saiforex9, aye definitely broke the support level!
Reply
Hey bro I think this chart makes perfect sense. I'm in now and hopefully it will bounce as expected. Long at 1.3903, TP 1.42, SL 1.38. RR looks good
+1 Reply
@AllenChen, hi mate the support level is holding extremely well, but I agree all round great opportunity. All the best to you!
Reply
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