EURCAD - Support held, higher prices coming
We have this massive channel on the EURCAD. Support was tested during Trump's speech, but prices wouldn't stay below (no liquidity below support). This pair should continue to grid higher and reach the top of the channel.
I am long @ 1.3912. I thought others might like this trade as well. Hence the post. My stop is @ 1.3809 (just below the last swing low and my target is the top of the channel @ 1.4290 (just below 4300). The yellow line is where I expect prices to go.
Keep an eye on the EU. When the EU drops, this pair usually moves higher. Not 100% sure why, but it does. :D
I am long @ 1.3912. I thought others might like this trade as well. Hence the post. My stop is @ 1.3809 (just below the last swing low and my target is the top of the channel @ 1.4290 (just below 4300). The yellow line is where I expect prices to go.
Keep an eye on the EU. When the EU drops, this pair usually moves higher. Not 100% sure why, but it does. :D
