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EUR/CAD | Possible Bullish Continuation

EUR/CAD Long-Term Trend: Bullish

TradingView Chart

Key Resistance Levels: 1.43597, 1.44263, 1.44859

Key Support Levels: 1.41673, 1.41355, 1.41002

4-Hour Chart:

We saw a breach of the long term diagonal resistance line and fell back under it. I believe that was an initial test of the breakout and we may now begin to accumulate for another attempt.

EUR/CAD Medium-Term Trend: Bullish

TradingView Chart

1-Hour Chart:

We have seen what may be the first bullish impulse followed by a pull back. We are now trading what may be another local bottom, followed by a possible bullish extension.

Signal Idea:

Buy Market order @ 1.42028

TP 1 @ 1.43597

TP 2 @ 1.46169

Stop Loss @ 1.41008

Trade Safely 🙂

About Patrick Mwenge

A chartered accountant and trader, Patrick has 7 years of financial market experience, covering commodities,FX, equities as well as crypto currencies. Patrick leverages both long term Elliot wave analysis alongside volume and time price opportunity to explore trading opportunities on both long and short term timeframes.

One comment

  1. Umberto Diotalevi

    Does Patrick mwenge ever take a profit?

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