EURCAD - Great trade opportunity

Jul 22, 2021

Watch the eclipse area in 4H TF for the price action. If retested lower line of the bullish trend and it was rejected you can enter for a short position. Otherwise, If a candle was closed above this line, a long entry would be appropriate.

HIGHER RISK TRADE: Long NOW since the CAD is weaker than EUR ATM
Long-term outlook: In weekly timeframe I'm seeing a XABCD setup having the price currently at C location. Therefore, EURCAD is expected to rise up to 1.64 in long-term.
NOTE: Use low leverage.

Jul 22, 2021

Note

There is currently a 30PIP difference between ASK & BID price. 🤔 Let's see what happens!

Jul 22, 2021

Note

If you have open long positions, be careful with your SL. SL hunters are watching you 😉

Jul 27, 2021

Note

Price is currently testing the lower line of the bullish trend. Have your eyes on the price action.

Jul 27, 2021

Trade active

EURCAD has now a candle closed (4H TF) at the bottom of the bullish trend. As we have anticipated previously, a long entry would be appropriate now with a good R:W.
TP1: 1.5038 (180+ PIP)
TP2: 1.5167 (280+ PIP)
SL1: 1.4760
SL2: 1.4822

As noted before, be careful with your SL.