ForexTrendline

EURCAD | Fast 200 pips?

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FX_IDC:EURCAD   ユーロ/加ドル
Hello, after a series of successful EURUSD trades , today we will look at a very good EURCAD opportunity.
EUR is generally performing steadily for all pairs and we expect a further increase.
A good opportunity is an increase in EURCAD.

On the daily chart we see the momentum from the beginning of this year and the long-term correction that reaches 50% Fibonacci.

There the price found support from which it repelled and now we expect an increase.

1) D1 pin bar from support level

At the same time we have a very good trend of H1

2) Entry by trend

We expect the price to initially reach 1.5474!
In case of a breakdown we can see higher values.

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