K_Budu

EURCAD - TIME FOR A BULLISH RUN?

Lång
FOREXCOM:EURCAD   Euro / Kanadensisk dollar
We've seen EURCAD decline for a couple of weeks now, plummeting over 500 pips from 1.5 (LQP). At recent, the market is approaching a demand zone around 1.44. The pair is still within Bearish market conditions i.e from the 4H time-frame the market structure is bearish. A shift in MS from Bearish to bullish around the target zone will trigger a bullish run. We should see the market retrace to either the 50.0% or 61.8% (Golden ratio) Fibonacci retracement level on the impulse run.

Swing Trade with an insane risk:reward ratio.
TP1 @1.4500 and TP2 @ 1.750
SL max 50pips below entry level.

Happy Trading Week!!
Please like, comment and follow if you found this helpful!!

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.