EURCAD - LONG ENTRY
EURCAD OUTLOOK
Price is currently ranging in between 1.45700 (resistance) & 1.44650 (support). Trades within the range is possible via the ‘bounce’ strategy, where shorts can be opened at the resistance, and longs can be opened at the support. Should price break out of the resistance of the range, it is expected to move towards the next resistance level at the 1.46000 psychological level. Should price break out of the support of the range, it is expected to move towards the next support level at the 1.44000 level.
Since price is currently near the support of the range, impulse long entries are possible now.
SL will be placed below the support, final TP will be placed at the resistance of the range.
BUY BY ENTRY
R:R - 1:3
E/P: 1.44869
S/L: 1.44500
T/P: 1.45869
Price is currently ranging in between 1.45700 (resistance) & 1.44650 (support). Trades within the range is possible via the ‘bounce’ strategy, where shorts can be opened at the resistance, and longs can be opened at the support. Should price break out of the resistance of the range, it is expected to move towards the next resistance level at the 1.46000 psychological level. Should price break out of the support of the range, it is expected to move towards the next support level at the 1.44000 level.
Since price is currently near the support of the range, impulse long entries are possible now.
SL will be placed below the support, final TP will be placed at the resistance of the range.
BUY BY ENTRY
R:R - 1:3
E/P: 1.44869
S/L: 1.44500
T/P: 1.45869
Trade active
Running in 30 pips, BE set.Trade closed manually
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