EurCad Big Bullish Potential of 600 pips

8 sept. 2016

XA Is the initial Breakout Impuls of the multimonth Flag Pattern.
ABCD We are seeing another Breakout Flag pattern above the larger one.
ABCD also can be seen as a textbook Gartley pattern.

Natural target would be around 1.50 level.

My entries are: Buy 1.4485 Stop 1.4380 Target 1.4990

To be honest, i am liking this setup very much, and i also think the fundamentals could be in favor of this trade.

Good Luck!

10 sept. 2016

Note

Looking good for now, i guess we will see a small consolidation around this levels, before continuing towards the 1.50 handle.

I am keeping my position opened.

13 sept. 2016

Note

Taking 30% of my position off @ 1.4750 for a 265 pip profit.
Moving my stop for the remaining position to 1.4635 locking in 150 pips.

13 sept. 2016

Note

Took another 20% off @ 1.4810 for 325 pips. Letting the remaining 50% run.

19 sept. 2016

Note

Okay, i am closing the remaining 50% of my position at 1.4770 with a 285 pip gain.