Trade Idea - ENB
Updating my short-term assessment on ENB of last week. I'm targeting ENB to hit the area between the level 1 of the fib extension from the last rally and the 0.618 fib retracement level from this year's highs, after the last retracement rally already gone through the 0.382 level, I think it's time to go for the 0.618. There should be some resistance around 43
CAD though.
Target 45-46CAD / Stop Loss 39.50CAD. 4/1 reward-risk ratio. Upside 12%+
CAD though. Target 45-46
CAD / Stop Loss 39.50CAD. 4/1 reward-risk ratio. Upside 12%+Note
So far, so good. Trade remains in play.Trade closed: target reached
Good trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.