Gooood morning ladies & gents,
EURCAD has moved down into our Buy Zone.
Today I'm looking for an entry long as price has cleared the first area of SSL, I'm anticipating either a long from here. If it drops past this area, then the next area I'm looking for longs will be 1.49710.
Looking to trade price back up to the H4 / D1 Bearish OB, at each point I'll be scaling out a portion of my position.
If it trades up from this price level, I'll be looking for a short off these areas back down to the area resting below.
Let's see what price delivers now.
Best of luck,
-AmplaFX
EURCAD has moved down into our Buy Zone.
Today I'm looking for an entry long as price has cleared the first area of SSL, I'm anticipating either a long from here. If it drops past this area, then the next area I'm looking for longs will be 1.49710.
Looking to trade price back up to the H4 / D1 Bearish OB, at each point I'll be scaling out a portion of my position.
If it trades up from this price level, I'll be looking for a short off these areas back down to the area resting below.
Let's see what price delivers now.
Best of luck,
-AmplaFX
Note
Got out of the trade in a small loss. Going to look for an entry a little lower. I'm about 90% sure that this price level won't hold.
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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.