EUR/CAD Price Forecast: Bullish continuation pattern formingWithin a 100K Account Balance the split on Trade & Risk Management = 1/10% - 1/20% margin as an Execution Range, to set up an Order Entry and select a per Trade on Average, to avoid any drawdown hit regarding to Stop Loss & to execute Risk on Management Specifics. Trail Stop efforts are a Focus of Attention to the set up in general when Volatile-Price-Action is involved, mainly because of the usage of an Intraday-Scalp-Position tool on behalf on the Trade Plan in general
Key indicators on Trade Set Up in general;
1. Push Set Up
2. Range Set Up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
-EUR/CAD is tipped to go higher if a bullish continuation pattern completes
-The price pattern is enhanced by the ADX indicator rising strongly above 20
-EUR/CAD could reach 1.5000 and beyond if it continues bullish momentum
-EUR/CAD is rising strongly as diverging interest-rate expectations favor the Euro(EUR) over the Canadian Dollar(CAD)
The Average Directional Indicator (ADX) is used to assess the strength of the trend and it is rising at above 20 further confirming the likelihood of the bull trend continuing
If the pattern completes – as looks highly likely – the pair will probably rise to roughly 1.5000, where it will encounter resistance. It is also possible it could continue even higher to the resistance line at 1.5040. A decline below 1.4839, however, would invalidate the pattern
Conclusion | Trade Plan Execution & Risk Management on Demand;
EUR/CAD Price Analysis: Probably completing a large Symmetrical Triangle
