EURCAD buy set up -
Two entry set up this one, buy on dip. First entry position is the dotted support trend line which has built up since 3rd May with 3 good reversals. Entry 2 is the support trend line which has been holding since 2nd April with major reversals ranging between 120 pips and 160pip bounce offs. The gap is between both entries is around 25 pip. Entry 1 - 80 pip win Entry 2 - 115 pip win. Pip range will depend on when the market reaches trend line. If you normally place SL below 25 pips then entry must be done correctly.
Two entry set up this one, buy on dip. First entry position is the dotted support trend line which has built up since 3rd May with 3 good reversals. Entry 2 is the support trend line which has been holding since 2nd April with major reversals ranging between 120 pips and 160pip bounce offs. The gap is between both entries is around 25 pip. Entry 1 - 80 pip win Entry 2 - 115 pip win. Pip range will depend on when the market reaches trend line. If you normally place SL below 25 pips then entry must be done correctly.
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