Looking to long EUR against the CAD for following reasons:
- Break of upper trend lone downward channel;
- RSI and MACD were oversold on daily and now show a bullish trend;
- Strong bullish daily candle indicating strong buying power at 1.45 region;
- On Weekly chart we are in an uptrend and lower trend line held and bounced of of it;
A buy order is placed at 1.4705 with a tight stop at 1.4650 and initial TP at about 1.5140 and if price continuous to rise a second TP is set at 1.5450.
- Break of upper trend lone downward channel;
- RSI and MACD were oversold on daily and now show a bullish trend;
- Strong bullish daily candle indicating strong buying power at 1.45 region;
- On Weekly chart we are in an uptrend and lower trend line held and bounced of of it;
A buy order is placed at 1.4705 with a tight stop at 1.4650 and initial TP at about 1.5140 and if price continuous to rise a second TP is set at 1.5450.
Trade active:
Order triggered at 1.4705 with TP at 1.5140, STP moved to B/E + 5 pips.
Trade closed: stop reached:
Stopped out at B/E + 10 pips due to FOMC statement. Might look for new long after everything calms down.
Trade closed: stop reached:
Stop reached last week at B/E + 5 pips.
Trade active:
Opened a new long at 1.4720 with same TP at 1.5140. Still open.
Trade closed: stop reached:
stop reached at B/E + 20 pips. Will look for an additional long next week.