EURCAD Long Trade Setup

Mar 19, 2021

We may have a complete weekly corrective structure. Actually, I was expecting for another drop, but instead of that, it broke the trendline, and now, it's making a correction after the break-out. A new low is still possible, but in this case, we will probably have a bigger correction first. So I want to take a long trade. If it goes up, we will have a quite big impulse. In the case of a correction, I'll hedge my trade and buy again after the new low. Now, I'm waiting for a reversal pattern to place a pending order.