EUR/CAD long opportunity

Dec 28, 2017

Oscillating up-trend market
50/20 EMA support
+6 S/R touches
Phase: Pullback
Decreasing momentum
MACD Divergence
More than 1:1 win ratio (TP @ previous pullback )

Dec 28, 2017

Order cancelled

Order cancelled because of the price formation on the weekly chart. Since it's a conflict pair with my GBP/CAD setup anyway i don't split my trades and stick to my GBP/CAD setup instead.

Dec 28, 2017

Order cancelled

On the weekly chart you can identify a double top pattern with bearish candlestick formations and decreasing momentum.

Dec 28, 2017

Note

I decided to take this trade on the EUR/CAD because of a strong Euro. Since i also trade GBP/CAD i splitted my position size into 50/50.

Dec 28, 2017

Order cancelled