EUR/CAD, Open buy after fake broke of 10-Month Low.I will open buy after fake broke of key level 1.47548:
- 1.47548 is a 10-Month Low.
- Many retail traders set their stop losses below such historical lows. Big players hunt for such places to accumulate volume.
- Potential profit will be in 5...10 times bigger than risk
Eurcadforcast
EURCAD FOR A SELL AFTER A PULLBACKWe can see price gapped bearish to a price level of support and we are currently filling the gap. There is potential for price to retrace to our entry marked with the grey line as a means of gaining momentum before price continues bearish .
Grey line - entry
Red line - stop loss
Green line - take profit
Risk exposure - 1%
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EURCAD - BIG LONG TRADEEUR/CAD is preparing itself for a big upmove.
Recovering with 2 candles only after hitting the daily support and now failing to enter into a reversal phase, it is finding its support for a bigger up move in this consolidation phase.
Keep this pair in your watchlist and look for a buy on the next low test.
This is a very good looking setup. Highly probable move coming up next if the support holds and prices keeps rejecting the lows.
As the prices make its push up and breaks the 200 ema on the daily, we'll have the beginning of the bullish weekly trend.
Trade safe.
EUR/CAD - Long Term Bullish OpportunityEUR/CAD has been in consolidation on the 8H chart for now 3 weeks.
It's failing to make a move down. Bulls are getting in and preparing for the bullish move thus preventing the pair to make a move down to a lower low.
Leave 80-100 pips SL and double the TP.
You will have to hold this position for arround a week or more.
Trade safe.