EURCAD: CUP & HANDLE PATTERN : LONG & SHORT
The market should test the 50% fib retracement triggering a reversal for the continuation of the downtrend in the price movement of the EURCAD over the following week.
EURCAD : LONG buy limit
E: 1.41910
SL: 1.41780
PL: 1.42700
RR = 6.08
Risk: 2%
Reward: 12.15%
_________________________
EURCAD : SHORT sell limit
E: 1.42700
SL: 1.42890
PL: 1.41130
RR = 8.26
Risk : 2%
Reward : 16.52%
EURCAD : LONG buy limit
E: 1.41910
SL: 1.41780
PL: 1.42700
RR = 6.08
Risk: 2%
Reward: 12.15%
_________________________
EURCAD : SHORT sell limit
E: 1.42700
SL: 1.42890
PL: 1.41130
RR = 8.26
Risk : 2%
Reward : 16.52%
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