10 June: EURCAD buy opportunity here
Hello everyone!
We have a long term bullish bias on EURCAD, on the H4, prices are pulling back to the ascending trend line, in line with the 61.8% fibonacci retracement and we can see a bounce from here. For stop losses, this is placed according to the previous low that was respected by prices and our take profit targets are based off the highs and the second take profit target lines up with the -27% retracement.
We have a long term bullish bias on EURCAD, on the H4, prices are pulling back to the ascending trend line, in line with the 61.8% fibonacci retracement and we can see a bounce from here. For stop losses, this is placed according to the previous low that was respected by prices and our take profit targets are based off the highs and the second take profit target lines up with the -27% retracement.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.