vlad.adrian
Long

EURCAD - close to continue the longer uptrend

FX:EURCAD   Euro Fx/Canadian Dollar
159 3 3
The daily chart of EURCAD             appears to have bottomed, but there is no confirmation yet, as the impulse is still red. I believe that if it's going to bottom, a strong rally should be expected. I know everybody sells the euro             , but on many pairs the euro             looks bullish . In this case, combined with Canadian dollar             weakness, there might be a nice rally coming.
I already established a small position and I'm going to increase it at the first confirmation signal.
As USDCAD enterred bullish trending again, it all depends on EUR recovery. May be a good risk-reward to buy, even if it goes only upto 1,4680-1,4700 and then stucks in a range.
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vlad.adrian PRO Kumowizard
2 years ago
Yes I'm planning to play hourly charts to 1.47 if I see daily confirmation
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Exited on the breakdown
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