Updating my short-term assessment on ENB of last week. I'm targeting ENB to hit the area between the level 1 of the fib extension from the last rally and the 0.618 fib retracement level from this year's highs, after the last retracement rally already gone through the 0.382 level, I think it's time to go for the 0.618. There should be some resistance around 43$CAD though.
Target 45-46$CAD / Stop Loss 39.50$CAD. 4/1 reward-risk ratio. Upside 12%+
Target 45-46$CAD / Stop Loss 39.50$CAD. 4/1 reward-risk ratio. Upside 12%+
Comment:
So far, so good. Trade remains in play.
Trade closed: target reached:
Good trade.