EURCAD - A little breath after the rally
تم تحديثه
After breaking out from it's consolidation on the end of February and rallying up like crazy, EURCAD made a little break, did a retracement to the 61.8% level of the rally, and it seems like it's going for another leg up, or at least a last little push.
We can work with these 2 situation, and for that we have a mid target on 1.55900. If it manages to reach that level, we can think about what we do next.
Talking about the entry, we can se that, apparently, EURCAD did a false breakout on the support level of around 1.52000. After that, managed to break the trendline and made a retest of the blue support level . Now we can expect it to keep going up, using a stop loss below the support level , around 1.51700.
We can work with these 2 situation, and for that we have a mid target on 1.55900. If it manages to reach that level, we can think about what we do next.
Talking about the entry, we can se that, apparently, EURCAD did a false breakout on the support level of around 1.52000. After that, managed to break the trendline and made a retest of the blue support level . Now we can expect it to keep going up, using a stop loss below the support level , around 1.51700.
تعليق
Change stop loss to entry or below, depending on your strategy.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.