glennmercer
Long

EURCAD Long: Buy The Next Impulse

FX:EURCAD   Euro Fx/Canadian Dollar
There has been a short bullish impulse out of the predicted reversal zone, indicating the potential for a completed wave (c) of the correction. This setup allows for a very tight stop behind the base of the impulse. Any drop below this level will require re-evaluation. The target is set at AB=CD but may change depending on price action. If we see a strong swift impulse I may move it higher, and if the correction seems to be continuing sideways I will either take profit at market or move the TP level down toward a potential triangle boundary. Will update as the tide rolls.
Trade active
Comment: Beautiful breakout ridden with this trade. Moving stop to B/E and keeping a close eye on price action. There is a missed monthly pivot above price that may boost the rally.

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