EURCAD Respecting the Channel (Bullish in the next days)EURCAD Analysis Long Term Trade
200 TO 300 pips move
Signs of BULLISH EURCAD:
-Respecting the channel
-Weak US Oil
-Stronger EUR next to USD (weak GBP)
-Long bull candles
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Eurcadbuy
EURCAD reversal scenarioHi Folks,
We have seen a nice bearish run on this pair and now consolidating in the support zone. We have seen a nice bullish engulfing candle from the zone which suggest that me might see a bullish run soon. I have gone long on this one and marked the tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
EURCAD Market Outlook | Daily Forex Market BreakdownEURCAD
Nice push to the upside looking good. If we can maintain bullish momentum then we may sustain outside of the previous broken consolidation. We need to be cautious for fakeouts. It would be nice to see a clean pullback and see previous resistance hold as support.
Eurcad long ( Trade 3) I try to post and update my trade ideas every week. Follow me, if you like my trade ideas.
I use both fundamental and technical analysis to generate trade ideas. I don't feel comfortable to place orders based on just some random indicators. I look for strong fundamental reasons and these indicators help me to achieve a great risk to reward ratio.
May we all gain some Pips. Happy trading...
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