26/2/19 Potential Good Long on EURCAD, waiting for the breakout
A strong and valid resistance line awaiting for the breakout.
It is falling wedge pattern but usually I dont trade on a down trend scenario..
But the pricing been testing quite some time in that range, once broken, should be able to see good momentum, profit range of 120-150pips.
Once H1 closed strongly above the trendline, the breakout will be confirmed.
Or better, wait for the H4 candlestick closed, but might miss the trend.
I will enter once the H1 closes above the trendline, and will exit the trade if H4 falls back again below the trendline, let's see how it goes.
It is falling wedge pattern but usually I dont trade on a down trend scenario..
But the pricing been testing quite some time in that range, once broken, should be able to see good momentum, profit range of 120-150pips.
Once H1 closed strongly above the trendline, the breakout will be confirmed.
Or better, wait for the H4 candlestick closed, but might miss the trend.
I will enter once the H1 closes above the trendline, and will exit the trade if H4 falls back again below the trendline, let's see how it goes.
Transaction en cours
Long breakout confirmed!Potential profit range of 160 pips.
Trade fermée: ordre d’arrêt atteint
I think the trade setup already failed, no momentum and tonight CAD news forecast is more towards CAD.Stopped out and rest now= . =
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.