Breaking News

EUR/CAD Potential Upward Movement

EUR/CAD Long-Term Trend: Bullish

Key Resistance Levels: 1.4438, 1.4470, 1.4557

Key Support Levels: 1.4259, 1.4207, 1.4120

Daily Time-frame:

The price on the higher time frame has shown trend reversal after bouncing back from the trendline. We have also recently seen rejection wicks in the candles and the pair has broken an upper trendline. A bullish trend should be maintained as long as the price sustains above the line.

EUR/CAD Medium-Term Trend: Bullish

1-Hour Time-frame:

On the lower time frame, the price has formed a higher-high, higher-low formation and recently the pair has broken a minor resistance at 1.4311. There is good protection from the downside. With some momentum in price, we could see a good trend continuation.

Signal Idea:

Buy Limit Order @ 1.4331

TP 1 @ 1.4435

TP 2 @ 1.4497

Stop Loss @ 1.4279

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

2 comments

  1. This was the best trade I have ever seen. So far, includes 1 week trail and 4 days of this week. What is the frequency of these type of trades.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!






Free Robot!