Mirandole
Long

EURCAD : Is the trend reversing up ?

FX:EURCAD   Euro Fx/Canadian Dollar
Hi everybody !

Since my monumentally failed last trade on CHF due to an unexpected SNB's decision , I come back with this trade which could be, I hope, a good one this time.
Considering the situation with Greece which seems to get better we could see a nice move up on EURCAD             .

On the technical view, we are at the bottom of a falling wedge which could end with a strong move up. Moreover, the MACD starts to reversing up supporting my long view on EURCAD             .

We have to monitor 1.34 level considering a break above this resistance could lead to a nice uptrend to 1.44 level.

View on 4H timeframe :

snapshot

Best Regards,
Serge
Mirandole
2 years ago
Hi !

The week's resistance has been broken, the uptrend may continue to 1.33670.

snapshot


Best Regards,
Serge
Reply
Nightwish Mirandole
2 years ago
agree mate. welcome back.
Reply
Mirandole Nightwish
2 years ago
Hi Nightwish !

Thank you ! That means alot to me coming from you.

Best Regards,
Serge
Reply
Nightwish Mirandole
2 years ago
Just have in mind possible ABCD trade and that price might retest breakout level. cheers
Reply
Nightwish Nightwish
2 years ago
snapshot
Reply
Mirandole Nightwish
2 years ago
We've got a nice pullback on 1.3239 level. It may keep on climbing.

snapshot


Best Regards,
Serge
Reply
Mirandole
2 years ago
First target hit !

snapshot
Reply
Mirandole
2 years ago
Second target reached.

snapshot
Reply
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