Potential Trade Setup For Swing Trade Long
Happy to be returning to the weekly trade setups!
EURCAD is showing a really beautiful setup for the long on the monthly chart. We are currently forming a hammer candle on the monthly and the RSI is at rock bottom. So I will be placing a position trade once I have full confirmation for a buy as a swing trade.
On the 4hr chart, we are sitting on a daily SR level, so this will be a critical point for a pivot this week if the bull run begins this week. I also have a potential MA 4/50 crossover forming for the bull as well on this chart.
So the run will either just setup or begin this week and I'm waiting to see if we have the full take off next month. Here are the potential TPs until there is confirmation for the swing trade bull to begin.
BEAR TPS:
BULL TPS:
EURCAD is showing a really beautiful setup for the long on the monthly chart. We are currently forming a hammer candle on the monthly and the RSI is at rock bottom. So I will be placing a position trade once I have full confirmation for a buy as a swing trade.
On the 4hr chart, we are sitting on a daily SR level, so this will be a critical point for a pivot this week if the bull run begins this week. I also have a potential MA 4/50 crossover forming for the bull as well on this chart.
So the run will either just setup or begin this week and I'm waiting to see if we have the full take off next month. Here are the potential TPs until there is confirmation for the swing trade bull to begin.
BEAR TPS:
- 1.45569
- 1.45103
- 1.44613
BULL TPS:
- 1.46452
- 1.46795
- 1.47072
- 1.47494
- 1.47935