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.
Eurcadforcast
EURCAD longHi traders,
this is my view of EURCAD for the next months. I will wait for a new higher low as right shoulder to complete the
inverted head and shoulder pattern to go swing long.
Use riskmanagement and moneymanagement to earn consistent money with forex.
If the price has a distance of 70 Pips to your entry in your favor then set the trade break even and let it run.
Risk Ratio 1:5
Risk 90 Pips to earn 450 Pips Swingtrade.
Have a good trading week and be patient for the right setups.
Stefan Forex
EURCAD Forex cross pair sell opportunities at new supply levelsEURCAD Forex cross pair sell opportunities with monthly and weekly supply levels in control. Monthly supply imbalance at 1.5645 has gained control together with weekly supply level around 1.5563. EURCAD has reacted very strongly to these new supply level created a few months ago creating new daily supply levels on the way down while eliminating demand levels as it dropped.
There is a clear short bias, short opportunities being created on the way down on EURCAD Forex Cross pair.