EURCAD Long
Updated
H4 - Strong bullish trend with TTT and 38.2 Fib retracement
H1 - CTL Break, Bullish engulfing candle and Bullish MA crossover
H1 - CTL Break, Bullish engulfing candle and Bullish MA crossover
Trade closed: stop reached
With Oil Supply fears pushing prices up up and over $70 and the heavily correlated CAD moving with it, combined with a weakening Euro coming off the back of the 'Trade War'.Not to mention approaching a major weekly resistance level, this otherwise solid technical setup was Trumped by uncertain market conditions.
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