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EURCAD Long Opportunity
Euro / Canadian Dollar
Long
EURCAD Long Opportunity
By UnknownUnicorn1066662
Follow
Follow
Jul 10, 2017
9
Cheer
Cheer
Jul 10, 2017
Bullish Pennant after Bullish Impulsive Move.
Notice that volume is declining as Price consolidates into the pennant.
We also have Divergence as RSI does not conform to Price Action making lower lows.
For profit taking targets, we set it at a 1:1 ratio of the flag pole measure from breakout of the pennant.
We enter long orders upon breakout of the pennant and place stop-loss orders below the previous low from the breakout.
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