EUR/CAD has been forming a large Symmetrical Triangel since April 2023. And now, the price is moving towards the apex. Once we get a strong breakout above we could see the EUR/CAD rally big time up to EUR 1.5810 First we wait then it breaks!
The daily HA chart of EURCAD is showing a clear cup and handle where the EURCAD would take off again. The weekly HA Chart of EURCAD shows continuous bullish EURCAD - beautifully shown strength of this currency pair. It could be due to 1. weakness in commodities (esp oil) prices pulling down the CAD. 2. Europe is decoupling from the US-China conflict with France...
Buy OANDA:EURCAD . Looks like a great set up tight stops as always
Long Eurocad tp1:1.5147 target1.52137
EURCAD Setup: SB+RE Confluence: CRS SR Flip Entry: Buy @ 1.4570 SL @ 1.4530 TP @ 1.4800
Buy EURCAD - 1.5077 SL - 1.5063 TP - 1.5154 RRR - 1:5.41 If first order will closed by SL - next Buy EURCAD order will be here: BuyLimit 1.5052 SL - 1.5038 TP - 1.5154 RRR - 1:7
i am long on eurcad for 2 taget first 1.5260 and secon 1.5290 i will go in 2x 1lot in case if not go 1.5290 first lot will be cut at1.5260 and the second will made a SL at the entry point for secure loss and benefit