EURCAD Midterm Trading Plan and Entry Levels
Looking at the EURCAD H4 Chart, we find out several trade opportunities.
Short Trade Opportunites:
Breakout and close below 1.51400 will carry the price 1.50500 support. After the breakout of 1.50500, we predict the price to complete the Bearish Bat Harmonic pattern at D. Our target of the short trade will be 1.49000 where the upper level of the area of the long entry.
Long Trade Opportunities:
- As described above, we will look for a Long opportunity at D. Area of the entry is 1.49000- 1.48610.
- If the pair fails to break below 1.51400, we will look for a LONG opportunity at the breakout of the Trend Line as shown on the chart. Our targets will be 1.52420 and 1.53100.
Entry notifications will be sent to members.
You can follow the idea: EURCAD Trade Plan
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
EURCAD Trade Opportunites : Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.