Get started
jammyguy98

EURCAD LONG&SHORT OPPORTUNITY 100+PIPS DAILY+4HR TIMEFRAME

Long
Euro / Canadian Dollar (FX:EURCAD)  
jammyguy98  
FX:EURCAD   Euro / Canadian Dollar
Support and Resistance Supply and Demand Trend Lines
6
0
supportandresistance supplyanddemand trendline
As you can see here EURCAD has formed a wedge pattern, This is a daily time frame i would expect to see it bounce off the support and resistance lines multiple times which means theres quite a-lot of trading opportunities for both longs and shorts while it is in this pattern. Once it does break I expect it to go long but i will have to wait for price action to be certain. The two areas I have marked are supply zones (heavy resistance zones) which the price may or may not break through or bounce off and come back down. The arrows I have marked are to show the way this pair could behave over the next week or two. I hope people can catch some nice pips from this trade :)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.