[Signal] EURCAD: Strength Likely from Multi Supports
Updated
EURCADTimeframe: 1D
Direction: Long
Confluences for Trade:
- Price action bouncing off Triangle support
- Stochastic Oversold momentum
- Wide EMA gap
- There are alot of support trendlines below and can provide as a strong support
- DXY has diverged from alot of other currency pair strengths
Suggested Trade:
Entry @ Area of Interest 1.4835 - 1.4990
SL: 1.4693
TP1: 1.5100
TP2: 1.5312
RR: Approx. 2.13 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Note
TP1 achieved. Move SL to BE. Run remaining position totally risk-free.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
Related publications
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.