EURCAD has just broken a minor downtrend on H1 & H4 Chart.
- Broken Trend Line, waiting for retracement back to Major H1 support level( 1.44784 ) & EMA 200 as EMA was also broken through.
- H4 Fibonacci level 0.5 has been rejected once.
Am not going to comment on the fundamental side of EUR&CAD as am not familiar with it, technical wise we might be seeing a bullish market, not a strong sentiment but TP1 might be taken, trade safe :)
- Broken Trend Line, waiting for retracement back to Major H1 support level( 1.44784 ) & EMA 200 as EMA was also broken through.
- H4 Fibonacci level 0.5 has been rejected once.
Am not going to comment on the fundamental side of EUR&CAD as am not familiar with it, technical wise we might be seeing a bullish market, not a strong sentiment but TP1 might be taken, trade safe :)
Trade closed: stop reached:
Trade was profiting for 30 pips, with SL on breakeven and SL was hit.