EURCAD (BUY or SELL) trade Setup.
Updated
Strong Support ahead @ 1.5100 If price closes below it's a sell. Targets and SL given in chart.
If bounces back it's a buy But wait for confirmation, After testing yellow live market should break the purple channel and close above it. Buy trade seems a bit risky.
1.5115 is the strong support line it may set a new short term trend. if you want to trade this idea please wait for market to confirm after hitting 1.5115 zone.
Buy and sell Ideas with Stop-loss and target are mentioned in the chart.
Naked chart without indicators.
Goodluck.
Please note that it's my own analysis. Always do your own research before entering the market.
If bounces back it's a buy But wait for confirmation, After testing yellow live market should break the purple channel and close above it. Buy trade seems a bit risky.
1.5115 is the strong support line it may set a new short term trend. if you want to trade this idea please wait for market to confirm after hitting 1.5115 zone.
Buy and sell Ideas with Stop-loss and target are mentioned in the chart.
Naked chart without indicators.
Goodluck.
Please note that it's my own analysis. Always do your own research before entering the market.
Trade active
Sell trade is active at 1.5107. H4 closed below the resistance line.
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