Kevabatai
Long

Potential Long setup

FX:EURCAD   Euro Fx/Canadian Dollar
512 10 5
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.
snapshot


Follow up chart for more bigger view, and target 2.
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hey your eurjpy achieved 140 in just one week great buy signal given
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Kevabatai PRO bharatest
snapshot


If you still keep longing EURJPY, my 2nd target is 152.00
Reply
if you moving target to 152 than where should be stop lose
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Kevabatai PRO bharatest
Normally I do trailing :: 100 pip under it.
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bharatest Kevabatai
Thank you very much for reply.
Reply
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.
Reply
Neel_K PRO Kevabatai
Probably the cheap oil prices helping it buy the fuel for the rocket ! May the force be with it!
+1 Reply
Beautiful analysis. Thanks for sharing. I wish I'd spotted it a month ago when you posted it.
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