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Eurcadlong

EURCAD before BoC!EURCAD is loading longs to break the current key level before BoC Interest Rate Decision(Jul 15), BoC Interest Rate Decision is announced by the Bank of Canada. If the BoC is hawkish about the inflationary outlook of the economy and rises the interest rates it is positive or bullish for the CAD. Likewise, if the BoC has a dovish view on the Canadian economy and keeps the ongoing interest rate or cuts the interest rate it is seen as negative, or bearish it more likely to remain the same. Risk Management Alert: The meaning of second target (Always take 60% profit of your first target and keep your 40% running to second target, in this case if any reversal happens your safe and secured, to make this better, move your stop loss to STOP PROFIT which is above your entry level of 10-15 pips after hitting your first target, and up to you as long as it not negative, This way you don't regret holding or exiting early. That’s 75% Profit from your idea or mine :D, Why this is good, Let's say you exited early, now you will be looking for another entry in this case you not sure if this is a reversal or a continuation of a trend and TRUST ME its not Easy to find. Most of traders just throwing ideas without explaining why, how, and when... they just draw some beautiful butterfly's, sea-waves, waterslides, matrix moves, EVEN Some HOLY GRILL indicator, at the end all comes to risk management and key levels, markets will always do what they want to do. Good luck.
Long
by binM
EURCAD long trade ideaPlan: wait for the price to bounce off from trendline or support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
EURCAD - SWING - 06. JULY. 2020Welcome to our weekly trade setup ( EURCAD )! - 1 HOUR Bullish reaction and open this week. 4 HOUR Overall waving market structure at its lows. DAILY Good long entries, prices are down and above to jump up. - FOREX SWING BUY EURCAD ENTRY LEVEL @ 1.52780 SL @ 1.52110 TP @ 1.54000 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
18