EURCAD - Technical Aspect: Friday quick trade idea!
Pattern: Triangle Formation
Resistance: 1.53825, 1.53940, 1.54120
Support: 1.53610, 1.53500, 1.53390
A break towards upside of resistance areas, target area of 200 EMA or 1.53940 area.
A break towards downside of support areas, target areas 1.53500 will come into play.
How to approach this trade idea?
Add an alert
Feeling confident - Add limit order
Key tip: I give you my analysis, add your own trade plan towards my approach - add further confluence!
All the best,
Trade Journal
(Just trade idea, not a recommendation)
Pattern: Triangle Formation
Resistance: 1.53825, 1.53940, 1.54120
Support: 1.53610, 1.53500, 1.53390
A break towards upside of resistance areas, target area of 200 EMA or 1.53940 area.
A break towards downside of support areas, target areas 1.53500 will come into play.
How to approach this trade idea?
Add an alert
Feeling confident - Add limit order
Key tip: I give you my analysis, add your own trade plan towards my approach - add further confluence!
All the best,
Trade Journal
(Just trade idea, not a recommendation)
Trade closed: target reached:
Long - Took 40% off letting the rest run to nice resistance areas! I like trading quick intra-day trades on Friday - Great way to end the week!
Trade closed: target reached:
Closed it early due to price action. Overall positive outcome.