Wave channel: EURCAD

In a nutshell:

• Wave channel is based on 1H
  
  
• Wave is losing momentum
  
  
• EMA 200 daily (dotted ray) provides some support
  
  
• EMA 200 weekly 400 pips below current price
  
  
• TP & SL will not be published for this trade
  

Enjoy the ride.

FYI: This is not an advise, just my personal opinion; perform your own risk/money management.

Trade active:

Trade is active since 1.5105 (2pm)

Comment:

It´s time to cash in the first 70 pips and to adjust SL/start trailing.

I am closing the trade since from now on it is on Auto-Pilot.

Cheers :)

Trade closed: target reached