Trade idea - EURCAD Long
Updated
4H
Corrective approach towards entry zone.
Price approaching entry zone in a Bull Flag formation.
-68 Fibonacci completion aligning with entry zone.
= Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
Corrective approach towards entry zone.
Price approaching entry zone in a Bull Flag formation.
-68 Fibonacci completion aligning with entry zone.
= Buy limit.
1.5% risk.
Aiming to take full profit at Daily TP.
Note
MONTHLY
Bullish M pattern potentially in play.
Clear support & resistance zone is there.
Note
WEEKLY
Inverse Head & Shoulders pattern can potentially play out.
Clear support & resistance zone is there.
Note
DAILY
Bullish impulse / new HH: indication.
Bullish M pattern: confirmation.
Clear support & resistance zone is there.
Trade active
Involved. Trade closed: stop reached
-1.5%.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.