Buy EURCAD - 280+ PIP - Low Risk - Good Risk:Reward ratio
EURCAD has now a candle closed (4H TF) at the bottom of the bullish trend. As we have anticipated previously, a long entry would be appropriate now with a good R:W.
TP1: 1.5038 (180+ PIP)
TP2: 1.5167 (280+ PIP)
SL1: 1.4760
SL2: 1.4822
Long-term outlook: In weekly timeframe I'm seeing a XABCD setup having the price currently at C location. Therefore, EURCAD is expected to rise up to 1.64 in long-term.
NOTE 1: Use low leverage.
NOTE 2: Be careful with your SL. SL hunters are watching you 😉
TP1: 1.5038 (180+ PIP)
TP2: 1.5167 (280+ PIP)
SL1: 1.4760
SL2: 1.4822
Long-term outlook: In weekly timeframe I'm seeing a XABCD setup having the price currently at C location. Therefore, EURCAD is expected to rise up to 1.64 in long-term.
NOTE 1: Use low leverage.
NOTE 2: Be careful with your SL. SL hunters are watching you 😉
Comment:
Price is going to retest the black trend line. If rejected, you can consider a re-entry or increasing volume.
Comment:
Our SL1 has NOT been touched yet with a difference of 13 points 😀
Trade closed: stop reached:
Long-term trade is still valid but our SL for short-term trade had been reached.
