Mirandole
Long

EURCAD : Is the trend reversing up ?

FX:EURCAD   Euro / 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 :


Best Regards,
Serge
Second target reached.

Reply
First target hit !

Reply
Hi !

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



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

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

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



Best Regards,
Serge
Reply
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