Hi traders,
Planing different trades this week! I see a nice buy set up in EURCAD
I think we have a clear structure in both 1H and 4H charts, looks like a triangle correction from a past impulse.
We had 4 moves already so the fifth move is likely to happen due to the formation of a flag.
If we trade the breaout of the flag we will have the chance of a 140 pip trade and a nice risk reward.
Carlos
Planing different trades this week! I see a nice buy set up in EURCAD
I think we have a clear structure in both 1H and 4H charts, looks like a triangle correction from a past impulse.
We had 4 moves already so the fifth move is likely to happen due to the formation of a flag.
If we trade the breaout of the flag we will have the chance of a 140 pip trade and a nice risk reward.
Carlos
Comment:
I still believe in the buy, we have a big consolidation on top of the lower trendline, it might break uptrend whenever it's finished.
Order cancelled:
Planing a sell now!
