I like the way EURCAD is trading

Written by Raul Lopez on . Posted in Trades & Analysis

I think it is clear, on the long term charts it is trading in a bullish condition, it was rejected from an important LT support level, its nearly halfway the range but it still has some room left before it reaches the next resistance level (I’m talking about 370+ pips).

On the short term charts, it is trading in a very well defined range, but since it is in a bullish condition (I always trade in the direction of the long term charts) only long opportunities are in play:

So you know what I’m doing here… I’m looking for long opportunities.

Trade Safe!

Raul Lopez
Forex Course

email

Tags: ,

Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.
StraightForex
Raul Lopez Forex

Trading should be simple

I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Coaching. Read more about me.

If you have any question about anything, please feel free to contact me at: info@straightforex.com or call +1 518 300 3828

StraightForex on Facebook StraightForex on Twitter Call me on Skype Grab my RSS StraightForex on Google+ StraightForex on YouTube