CurrenciesCurrencies PremiumForming Harmonic PatternsFX MINORS Trade Ideas PremiumHarmonic Patterns PremiumHarmonic Shark PatternIntraday Forex SignalsPremiumTalking ChartsTrade Setups

EURCAD Potential Bullish Shark and Long Opportunities

EURCAD Potential Bullish Shark and Long Opportunities

Description: We have two potential Bullish Shark Pattern Formation on the M30 and H1 chart timeframes. If the pair breaks below 1.49000, the target will be 1.48700. We have a bullish shark pattern which would be completed at 1.48700. If the pattern does not work at 1.48700, it is likely to test 1.48300 – 1.48250 region another shark pattern at the extension. So we have two potential setups as described below:

Trade 1:

Trade Period: Intraday

Pair / Instrument: EURCAD

Time Frame: M30

The trend in the Timeframe: Bearish

The trend in the Daily Chart:  Bearish

Trade Based On: The Bullish Shark Pattern

Accuracy: %83

Recommended Lot Size: 0.04@ 10 K Account with 1:100 Leverage

Trade:  Long

The Area Of The Entry: 1.48700

Stop Loss: 1.48200

Target 1: 1.49000

Target 2: 1.49300

Target 3: 1.49620

Trade 2:

Trade Period: Intraday

Pair / Instrument: EURCAD

Time Frame: H1

The trend in the Timeframe: Bearish

The trend in the Daily Chart:  Bearish

Trade Based On: The Bullish Shark Pattern

Accuracy: %96

Recommended Lot Size: 0.04@ 10 K Account with 1:100 Leverage

Trade:  Long

The Area Of The Entry: 1.48300 – 1.48250

Stop Loss: 1.48000

Target 1: 1.48700

Target 2: 1.49000

Target 3: 1.49620

You can follow the setup : EURCAD Bullish Shark

Subscribe to our services free of charge

 SUBSCRIBE FREE

Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.

Chaetreaderpro.com
Forex Signals

JOIN OUR TRADING FLOOR

 

 

If you find our content useful, you can donate via PayPal.

Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

You can contact us via Skype User Name: Chartreaderpro

DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

EURCAD Bullish Shark Pattern: 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.

Show More

Related Articles

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Close

Adblock Detected

Please consider supporting us by disabling your ad blocker