{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/eurcad-winds-up-after-huge-move-higher-31-oct-2013\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/eurcad-winds-up-after-huge-move-higher-31-oct-2013\/","headline":"EURCAD Winds Up After Huge Move Higher | 31 Oct 2013","name":"EURCAD Winds Up After Huge Move Higher | 31 Oct 2013","description":"The EURCAD has started to wind up and has now formed an inside bar (IB) with the daily charts candle having the low and high being fully contained within the previous candle. Price has been roaring higher on this pair since it broke out of what was a very tight ranging box area. Price had […]","datePublished":"2013-10-31","dateModified":"2019-08-05","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/10\/b.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2013\/10\/b.png","height":"587","width":"1062"},"url":"https:\/\/forexschoolonline.com\/eurcad-winds-up-after-huge-move-higher-31-oct-2013\/","about":["Price Action Charts in Focus"],"wordCount":264,"articleBody":"The EURCAD has started to wind up and has now formed an inside bar (IB) with the daily charts candle having the low and high being fully contained within the previous candle. Price has been roaring higher on this pair since it broke out of what was a very tight ranging box area. Price had been struggling to move anywhere and as we often talk about in this blog; the longer the price struggles to break out and goes on winding up, normally the more explosive the break out is when it occurs.The key to breaking out of the range was price closing above the old resistance. Once price broke and closed above it, price zoomed higher. After this huge move price is now consolidating. As we talk about in this strategy article\u00a0HERE, one of the key patterns of the market is that price will move and then consolidate and at the moment we are seeing consolidation in this pair before price makes it’s next move.Because price made such as strong and powerful move higher, the odds are higher that price will continue on higher after this winding up breaks out. Traders can start watching this pair for breakout trades and to get long with this strong momentum. If price does make a break lower the major support is the old resistance of the break out area. This area could look to hold as a new support and could be a super area to look for long trades should price fall all the way back lower. EURCAD Daily Chart"}