A trading opportunity to Buy in EURCAD

Midterm forecast:
. While the price is above the support 1.4750, beginning of uptrend is expected.
. We make sure when the resistance at 1.5360 breaks.
. If the support at 1.4750 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:
. The RSI resistance #1 at 48 is broken, so the probability of beginning of uptrend is increased.
. A trough is formed in daily chart at 1.4879 on 02/22/2019, so more gains to resistance(s) 1.5115, 1.5190, 1.5285 and maximum to Major Resistance (1.5360) is expected.
. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index (RSI) is 56.

Trading suggestion:
There is possibility of temporary retracement to suggested Buy Zone (1.4915 to 1.4860). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

Beginning of entry zone (1.4915)
Ending of entry zone (1.4860)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:

Trade Setup:
We opened 8 BUY trade(s) @ 1.51047 based on "Valley" entry method at 03.04.2019.

Take Profits:
TP1 = @1.5115
TP2 = @1.5190
TP3 = @1.5285
TP4 = @1.5360
TP5 = @1.5450
TP6 = @1.5640
TP7 = @1.6150
TP8 = Free