EURCAD - Long Target +2,500 Pips - Weekly

٢١ ديسمبر ٢٠١٤

Before I begin my analysis, let me emphasis this is a long term play. I am seeing some good confluence setup on EUR/CAD weekly chart. The EUR has been bullish since summer of 2013, against the CAD. Recently, it has made a retracement of 50% of its move (C). At C, we are seeing consolidation, which means Smart Money is loading up at these prices before it moves back up to D; which sees many confluences (outlined on the chart). I will post a daily setup as well, on how to scale into this trade and actively manage positions.