Hi Traders,
This is our take in SBSTOCKS.COM regarding the EURCAD for Mon, 25t of Jan16
Well contrary to most traders viewing the pair, for us it is pretty obvious that an up trend is in place, short term and mid term.
However the past 2 bars ware a nice deep correction which may signal a reversal. with that said we don't care about the future we care about trading a pull back to support for 2-4 days and exit then re evaluate
conclusion:
LONG @ Market till 1.6 ish
This is our take in SBSTOCKS.COM regarding the EURCAD for Mon, 25t of Jan16
Well contrary to most traders viewing the pair, for us it is pretty obvious that an up trend is in place, short term and mid term.
However the past 2 bars ware a nice deep correction which may signal a reversal. with that said we don't care about the future we care about trading a pull back to support for 2-4 days and exit then re evaluate
conclusion:
LONG @ Market till 1.6 ish
Trade closed: stop reached:
Good luck, next trade
