BUY SET UP IN EURCAD - 1H CHART
Updated
Hi traders,
Planing different trades this week! I see a nice buy set up in EURCAD
I think we have a clear structure in both 1H and 4H charts, looks like a triangle correction from a past impulse.
We had 4 moves already so the fifth move is likely to happen due to the formation of a flag.
If we trade the breaout of the flag we will have the chance of a 140 pip trade and a nice risk reward.
Carlos
Planing different trades this week! I see a nice buy set up in EURCAD
I think we have a clear structure in both 1H and 4H charts, looks like a triangle correction from a past impulse.
We had 4 moves already so the fifth move is likely to happen due to the formation of a flag.
If we trade the breaout of the flag we will have the chance of a 140 pip trade and a nice risk reward.
Carlos
Note
I still believe in the buy, we have a big consolidation on top of the lower trendline, it might break uptrend whenever it's finished.Order cancelled
Planing a sell now!
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.