Jaxpx
Long

EURCAD BULLISH

OANDA:EURCAD   Euro / Canadian Dollar
Now that we've tested the weekly trend line for the 3rd time, we'll be hopefully looking to go long.

I had previously gone short on this trade on a previous idea, but I now predict the EUR will move upwards.

Related Ideas

Comments

With regards to Eurcad, a retracement is due up towards trend line that was broken around the 1.5000 area, however it is not necessarily a reversal, it appears to be more of a correction as the move down hasn’t reached the target yet. In the short term it might retrace upwards, however there more downward movement to come.
+1 Reply
Oracle79 Oracle79
@Oracle79,
*There is more downside to come
+1 Reply
Jaxpx Oracle79
@Oracle79, Yes, I understand where you're coming from now. Thank you for your opinion.
Reply
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