EURCAD - Long
Why are we entering?
- Price is in a descending ABCDE wedge and we are approaching the weekly structure level (1.43)
- Expecting CAD weakness & EUR strength = EURCAD Long
- Keep looking for buys everytime price goes to the bottom
What are we waiting for to happen?
- Bounce off the bottom
- CAD index to become bearish and EUR index to turn bullish
What is our confirmation?
- CAD index to continue reversing
Entry
No Safe Entry.
Risk Entry: Bounce off the bottom
Once entered, where will our Stoploss be?
- Below the lows
Where do we take profits?
- First TP: 1.472
- Second TP: 1.5
Why are we entering?
- Price is in a descending ABCDE wedge and we are approaching the weekly structure level (1.43)
- Expecting CAD weakness & EUR strength = EURCAD Long
- Keep looking for buys everytime price goes to the bottom
What are we waiting for to happen?
- Bounce off the bottom
- CAD index to become bearish and EUR index to turn bullish
What is our confirmation?
- CAD index to continue reversing
Entry
No Safe Entry.
Risk Entry: Bounce off the bottom
Once entered, where will our Stoploss be?
- Below the lows
Where do we take profits?
- First TP: 1.472
- Second TP: 1.5
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.