Roker1
Panjang

Trend Continuation on EURCAD

FX:EURCAD   Fx Euro/Dolar Kanada
Hi guys,

this time we're going with the trend and we're not anticipating any kind of reversal. Instead, since we saw a recent break and close above the Previous Resistance Level (pointed out in the chart) we're now looking to ride the trend untill we get to the next reversal point that will come all the way up to 1,5780. So i went on lower timeframes such as the hourly that you see here looking for some kind of simple pattern showing a break to the upward direction, and i've found a nice flag pattern that's recently been broken to the upside.
I'm waiting to see if the order (blue line) will get triggered. IN that case, stops below the low and targets as shown.

If you have any idea/question, feel free to comment below.
Otherwise, see you in the next chart!
Perdagangan aktif
Perdagangan tutup: sasaran tercapai: 1 target hit! Out at breakeven for the remaining part of the position
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
That was excellent predictive analysis there. I didn't have a second target in mind, but I'm following yours now. Cheers to a good trade thus far!
Balas
wow that was quick. nice trade, was luck to get in on this one nice job
Balas
Nice analysis. I'm watching this one with you. Cheers!
+1 Balas
@Risk7, thanks!
Balas
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