EURCAD, 4hr tf, new bullish cycle

٧ يوليو ٢٠٢١

As you can see price rally fiercely yesterday. This could be the start of new short term bullish cycle to the upside for EURCAD.

We're going to start buying EURCAD on every dip.
For starters, we're aiming for this wave cycle. Wait for price to retrace toward 1.5700 area before initianing buy.

Buy EURCAD 1.5700
Stop loss 1.5670
Take profit 1.5810 (3.6R)

Use only 1-2% risk
Good luck