After a first bearish impulse,
EURCAD
is retracing back towards the 0.50 Fib level. A good opportunity to go short on what could be an ABCD model, direction towards the final target of 1.366 (on the daily and weekly structures).
Entry level (short): between 1.4624 and 1.4688
Stop Loss: 1.48
Final Target: 1.366.
Updates on intermediate targets will follow.
Trade with care.
Please like my post if you think my analyses can be of help in your trading strategies.
EURCAD
is retracing back towards the 0.50 Fib level. A good opportunity to go short on what could be an ABCD model, direction towards the final target of 1.366 (on the daily and weekly structures). Entry level (short): between 1.4624 and 1.4688
Stop Loss: 1.48
Final Target: 1.366.
Updates on intermediate targets will follow.
Trade with care.
Please like my post if you think my analyses can be of help in your trading strategies.
Comment:
Comment:
This was a great trade we did last week (from "A" to "B" on the daily structure).
Now there is a chance to go short again on the greater weekly structure, with a final target many pips away, for an excellent profit.
Now there is a chance to go short again on the greater weekly structure, with a final target many pips away, for an excellent profit.