nahidik
Long

EURCAD Getting ready for long

FX:EURCAD   Euro Fx/Canadian Dollar
210 0 5
Price is at the bottom of what appears to be the 5th wave. It should break out to the upside. However there is a strong area of support just below it may penetrate.

Please educate yourself, create a trade plan, validate your thoughts with other traders ideas. Take responsibility for your trades. Be sure you understand the trade. If not ask questions until you do.
Comment: As it is Friday and the trade has not triggered I will remove trade and reassess next week. I feel it is better to miss a trade than have the potential for a gap down through your SL.
Comment: I am not convinced off this being the breakout. It looks more like a correction. I took a trade when it broke the trend line and corrected. 1.439. I have just moved my SL to BE,
snapshot
Trade closed: target reached: The target was the green daily trend line which it has hit. Seriously I was not still in this trade but thought I should close it off.
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