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IvanLabrie
30 Th05 2015 19:47

EURCAD: Picture perfect long setup Giá lên

Euro Fx/Canadian DollarFXCM

Mô tả

I don't need to say anything, this is an absolutely gorgeous setup.
Entering long at market during Sunday open with a wide enough stop below the 16 bar mode should work really well. I'll look into scaling in every chance I get from the 4h chart here.
Initial target is the triangle's top by June 22nd, potentially extending to meet the balance point, which matches a retest of the weekly downtrend mode.

What else can you ask for?

Cheers,
Ivan.

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Bình luận
IvanLabrie
Confirmed daily setup in an hour, I'm looking to scale in here.

moorekapital
It (TAM) continues to build higher.....
IvanLabrie
Yes, it's a strong bullish trend. Trading long swings off 4h or 1h is a good idea but takes too much of my time so sticking to daily mostly.
IvanLabrie
Trade is active, entry: 1.36694. Risking 2% to the stop.
BoonOng
nice analysis by understanding the long entry.
Cheers!
Andyle
Thanks Ivan. I've already long EURCAD after Canada GDP showed up lower than expected. Your idea made me more confident about this long position
IvanLabrie
Great!
Exactly, when both technical and fundamental elements agree, you get interesting setups.
CoreyInvesFB
Ivan i am unclear of where you say the stop loss is?
MCMozambique
I interpreted the 16 bar mode as under the lowest of the last 16 bars, but I am also uncertain.
IvanLabrie
There are at least 2 or 3 spots with 16 bars at the same price. I'm using the highest for reference here.
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