EUR/CAD - Long Term Bullish Opportunity

EUR/CAD has been in consolidation on the 8H chart for now 3 weeks.

It's failing to make a move down. Bulls are getting in and preparing for the bullish move thus preventing the pair to make a move down to a lower low.

Leave 80-100 pips SL and double the TP.

You will have to hold this position for arround a week or more.

Trade safe.

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Early entry but SL is down enough. If the 1.50 support is unable to hold, then this would be a turning point of the long term move. It'll just fall down.

I am keeping my position open, expecting a bounce back up. If it's not able to, then I will look for a shorter further below. No confirmation yet that it's going to fall.

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If the 1.50 fails, then aim for 200 EMA on weekly.

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How this can turn out if the 1.50 holds strong.

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Prices moved back up to last 1H support. It might consolidate there for a while until it can break it back and find support on top of it anew.

I closed my trade for the weekend. Next weeks, depending on how it goes, I will either long term buy or long term short. One thing is certain, a big move is going to happen within next 2 weeks.

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Resistance to support pattern:
GBPCAD 1H: prntscr.com/nkqnxk
USDGD 4H: prntscr.com/nkqob4
EURCAD 4H: prntscr.com/nkqor7

For EURCAD to happen, the support on 1.50 must hold strong. Prices have to make a push up and low test to confirm it can't go down. Then we have our confirmation for the push up.

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All is going as expected. Waiting for the 4H low test to catch the move.

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Low test is going on, let's wait for the confirmation that the support is strong and go for the buy again!

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EUR/CAD making one last low test before the move up. Let's see how it holds.

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Trade is running strong...