EUR/CAD 1:3 RR, Worth a try
Looking at the chart, 1.465 being the critical level as it served as a support prior to the breakdown on 12/7/2016. 1.465 was tested twice on 18/7/2017 and 20/7/2017.
Worth putting this pair into your watchlist for the next couple of days or weeks. If it breaks and closes above 1.465, go long, TP 1.481 (160pips). But my bias is it is going to stay below 1.465, target @1.45 and stop @1.469 (150pips vs 40pips).
Lets see how it goes!
Worth putting this pair into your watchlist for the next couple of days or weeks. If it breaks and closes above 1.465, go long, TP 1.481 (160pips). But my bias is it is going to stay below 1.465, target @1.45 and stop @1.469 (150pips vs 40pips).
Lets see how it goes!
Trade active
wow, almost touched the stop at 1.469. trading at 1.45928 as we speak. 130 pips at the moment. SL has been moved to BE. Risk FreeTrade closed: stop reached
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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.