Gooood morning ladies & gents,
EURCAD has moved down into our Buy Zone.
Today I'm looking for an entry long as price has cleared the first area of SSL, I'm anticipating either a long from here. If it drops past this area, then the next area I'm looking for longs will be 1.49710.
Looking to trade price back up to the H4 / D1 Bearish OB, at each point I'll be scaling out a portion of my position.
If it trades up from this price level, I'll be looking for a short off these areas back down to the area resting below.
Let's see what price delivers now.
Best of luck,
-AmplaFX
EURCAD has moved down into our Buy Zone.
Today I'm looking for an entry long as price has cleared the first area of SSL, I'm anticipating either a long from here. If it drops past this area, then the next area I'm looking for longs will be 1.49710.
Looking to trade price back up to the H4 / D1 Bearish OB, at each point I'll be scaling out a portion of my position.
If it trades up from this price level, I'll be looking for a short off these areas back down to the area resting below.
Let's see what price delivers now.
Best of luck,
-AmplaFX
Comment:
Got out of the trade in a small loss. Going to look for an entry a little lower. I'm about 90% sure that this price level won't hold.