AndreVanBui
Long

EURCAD Another long.

FX:EURCAD   Euro Fx/Canadian Dollar
34 0 1
This isn't a perfect setup, but i will trty it anyway. The daily candle is now closing above the 1.55547 level which has been acting as major resistance. The pair has previously been rejected a numbered of times and the last week created a small consolidation.

As always, keep it simple!

- Above 200 SMA on the daily and weekly
- Daily candle broke the major resistance.

My TP and SL are approximation.

I will wait until the candle closes before i place the trade.
Comment: Daily candle closed very weak above the major resistance level, I will enter with a very small amount with a SL of 300 pips. Good luck those who agrees with me. Although I see that the majority of the pro's says short.
Comment: Closing 50% of my positions,
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