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EURCAD Correction Set-up
Euro / Canadian Dollar
Long
EURCAD Correction Set-up
By TheForexTraderoom
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May 12, 2021
1
Cheer
Cheer
May 12, 2021
Price is below the 1.27 extention the the 1hr and 4 hr charts, after a very shallow retracement.
I am looking for a correction to come on this pair.
Rules for entry:
1. swing low formation
2. trend line break.
If these two rules are met, I will enter this trade and take it to the 38.2 retracement level.
eurcadlong
Technical Indicators
Trend Analysis
Trend Line Break
Wave Analysis
TheForexTraderoom
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