The main reasons this seems like a very good opportunity to me are :
Trend : EURCAD is in a strong uptrend at the moment
Retail : Majority have a BEARISH sentiment on this pair
Institutions : More holdings in EUR than CAD
Structures : Equal highs up above that MAY act as a magnet
Price action : Recent breakout of a consolidation and resistance shelf
Targets : levels at round numbers
Stops : Many options to place stops below
Entries : Many options in terms of entry aswell
This is primarily for me as a reference in the future.
For educational purposes only
Trend : EURCAD is in a strong uptrend at the moment
Retail : Majority have a BEARISH sentiment on this pair
Institutions : More holdings in EUR than CAD
Structures : Equal highs up above that MAY act as a magnet
Price action : Recent breakout of a consolidation and resistance shelf
Targets : levels at round numbers
Stops : Many options to place stops below
Entries : Many options in terms of entry aswell
This is primarily for me as a reference in the future.
For educational purposes only
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.