Long EURCAD with high conviction (+++)
Entry: 1.51675
SL: 1.51325
TP: 1.52800
We continue to see upwards momentum given the EMAs.
Also, market has formed a flag pattern with a breakout to the upside.
Similarly, market has surpassed descending trendline resistance (now support) to the upside.
Based on price action, market failed to make LH and LL. This shows a reversal in the directional price movement.
As such, I am waiting for a pullback towards my entry before an explosive move upside.
Will continue to monitor this.
Note: I already have a prior LONG position on this pair. This trade is just to add on to my position.
Entry: 1.51675
SL: 1.51325
TP: 1.52800
We continue to see upwards momentum given the EMAs.
Also, market has formed a flag pattern with a breakout to the upside.
Similarly, market has surpassed descending trendline resistance (now support) to the upside.
Based on price action, market failed to make LH and LL. This shows a reversal in the directional price movement.
As such, I am waiting for a pullback towards my entry before an explosive move upside.
Will continue to monitor this.
Note: I already have a prior LONG position on this pair. This trade is just to add on to my position.
Trade active
Market pulled back to entry as expected. Long trade entered.Trade closed manually
Market structure failed. Closed trade.
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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.
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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.