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ceoajones

EURCAD Candlestick/Fibonacci/Trend Line Technical Analysis

Long
Euro / Canadian Dollar (FX:EURCAD)  
ceoajones Updated   
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Chart Patterns
1
0
trendanalysis chartpattern
EURCAD is currently in an uptrend. 1.56000 is a daily resistance level. Wait for the candlestick to close above this level then utilize the breakout strategy on 4H time frame. Profit target should be placed on @ 1.56250 ( which is closes to a double top on the 4H time frame. 4H time frame also consists of three bullish candles which signals an uptrend.
Trade closed: target reached:
My target profit was fulfilled on February 22
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