Potential Long setup

FX:EURCAD   Euro / Canadian Dollar
513 10
This Setup use the following confirmation.

1. Fibonacci 50% Reversal (@ 1.4000) ( On follow up monthly Chart )
2. Use round number expectation for strong support (@ 1.4000)
3. Use previous range bound between RED arrow and GREEN arrow.

Setup Configuration ::
This number come from strong physiological price number, Fibonacci support and previous daily spike
This number come from pike above 1.400 with a few extra pip as point out in chart.
This number come from previous bigger range. (will follow up on monthly chart)
This number is expecting when Fibonacci of 50% (@1.4000) is hold and revert to up side.
Beautiful analysis. Thanks for sharing. I wish I'd spotted it a month ago when you posted it.
Will Look out for this! :)
+1 Reply
Give it a time and it will work out....
In the mean time you could check the USDCAD monthly outlook. Even tho EUR is down, but CAD just goes down faster. :P

Have faith.
Neel_K Kevabatai
Probably the cheap oil prices helping it buy the fuel for the rocket ! May the force be with it!
+1 Reply
if you moving target to 152 than where should be stop lose
Kevabatai bharatest
Normally I do trailing :: 100 pip under it.
bharatest Kevabatai
Thank you very much for reply.
hey your eurjpy achieved 140 in just one week great buy signal given
Kevabatai bharatest

If you still keep longing EURJPY, my 2nd target is 152.00

Follow up chart for more bigger view, and target 2.
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