Euro / Dollar KanadaDiupdate 11/22- 11/27 EUR/CAD Potential Bull Flag SWING
DISCLAIMER: I've already entered this trade on Friday, I've posted a previous idea for a potential buy below and i've BEEN PLOTTING on this. Eur/Cad has been in a sideways downtrend ever since August (white line) & we are coming up for another test of the trend line. Feel free to make this chart yours. ALERTS ARE SET ON MY TREND LINES... So for this to continue, these are what im looking for:
1. A break of my white box to the upside, holding this 1.553 (green dotted line) area as support
2. Break of the white dashed line into my red line (1.5585)
3. MOST IMPORTANTLY for the hold.. end the week above the white or red line
Blue line is a previous Head & Shoulder neckline that is unique. it acted as support and resistance along this trend dating all the way back to June 2019... as we in closer that will be my target.
Orange Price Boxes are my TP's
Right off the bat going into London we have MAJOR volatility news with the EURO PMI data coming out.. that's kinda when im expecting this to make a decision..
This trade is at break even. if we can't break i'll close.
1. A break of my white box to the upside, holding this 1.553 (green dotted line) area as support
2. Break of the white dashed line into my red line (1.5585)
3. MOST IMPORTANTLY for the hold.. end the week above the white or red line
Blue line is a previous Head & Shoulder neckline that is unique. it acted as support and resistance along this trend dating all the way back to June 2019... as we in closer that will be my target.
Orange Price Boxes are my TP's
Right off the bat going into London we have MAJOR volatility news with the EURO PMI data coming out.. that's kinda when im expecting this to make a decision..
This trade is at break even. if we can't break i'll close.
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