EUR/CAD - Long Term Bullish Opportunity

May 1, 2019

EUR/CAD has been in consolidation on the 8H chart for now 3 weeks.

It's failing to make a move down. Bulls are getting in and preparing for the bullish move thus preventing the pair to make a move down to a lower low.

Leave 80-100 pips SL and double the TP.

You will have to hold this position for arround a week or more.

Trade safe.

May 3, 2019

Note

Early entry but SL is down enough. If the 1.50 support is unable to hold, then this would be a turning point of the long term move. It'll just fall down.

I am keeping my position open, expecting a bounce back up. If it's not able to, then I will look for a shorter further below. No confirmation yet that it's going to fall.

May 3, 2019

Note

If the 1.50 fails, then aim for 200 EMA on weekly.

May 3, 2019

Note

How this can turn out if the 1.50 holds strong.

May 3, 2019

Note

Prices moved back up to last 1H support. It might consolidate there for a while until it can break it back and find support on top of it anew.

I closed my trade for the weekend. Next weeks, depending on how it goes, I will either long term buy or long term short. One thing is certain, a big move is going to happen within next 2 weeks.

May 5, 2019

Note

Resistance to support pattern:
GBPCAD 1H: prntscr.com/nkqnxk
USDGD 4H: prntscr.com/nkqob4
EURCAD 4H: prntscr.com/nkqor7

For EURCAD to happen, the support on 1.50 must hold strong. Prices have to make a push up and low test to confirm it can't go down. Then we have our confirmation for the push up.

May 6, 2019

Note

All is going as expected. Waiting for the 4H low test to catch the move.

May 6, 2019

Note

Low test is going on, let's wait for the confirmation that the support is strong and go for the buy again!

May 8, 2019

Note

EUR/CAD making one last low test before the move up. Let's see how it holds.

May 9, 2019

Note

Trade is running strong...