EUR/CAD long setup (Falling wedge pattern)

27 thg 3

**EUR/CAD (Euro/Canadian Dollar) currency pair** on a **1-hour timeframe**. Here are the key details:
https://www.tradingview.com/x/7ZipsXga/
**Chart Analysis:**
1. **Pattern Identified:**
- A **falling wedge** pattern has been detected, which is generally a **bullish reversal** signal.
- The price has broken out of the wedge, confirming the reversal.

2. **Exponential Moving Averages (EMAs):**
- **EMA 7 (Purple):** 1.54373
- **EMA 21 (Blue):** 1.54117
- **EMA 50 (Yellow):** 1.54102
- Price is now **above these EMAs**, indicating a possible uptrend continuation.

3. **Price Action:**
- The breakout has led to a strong bullish move.
- The **target** is marked above the breakout point, suggesting further upside potential.
- Current price: **1.54411**

4. **Volume Insight:**
- Volume increased during the breakout, confirming buying pressure.

**Conclusion:**
- The falling wedge breakout suggests **bullish momentum** in EUR/CAD.
- If price sustains above the EMAs, it could reach the marked **target zone**.
- Watch for **support at 1.541** and resistance near the **target level**.
The **target** after the **falling wedge breakout** is marked on the chart and appears to be around **1.5480 - 1.5500**.

**Key Levels to Watch:**
- **Support:** 1.5410 (EMA 50)
- **Resistance/Target:** Around **1.5480 - 1.5500**

If momentum continues, price may reach this **target zone**.
The ideal **stop-loss (SL)** for this EUR/CAD trade should be placed **below the breakout zone** of the falling wedge to minimize risk.

**Suggested SL Levels:**
1. **Conservative SL:** **1.5400** (Below EMA 50 & breakout structure)
2. **Aggressive SL:** **1.5375** (Below the last swing low inside the wedge)

31 thg 3

Đóng lệnh: đạt mục tiêu

🎉🚀 **EURCAD All Targets Hit!** 🎯💰

Congratulations! 🎊 The trade has reached all targets—**close your positions and enjoy the massive profits!** 🏆💵 Time to celebrate a successful trade! 🔥🥂