justatrader

EURCAD - Targeting 1.47 on H4

Long
FX:EURCAD   Euro / Canadian Dollar
First trend line was broken, retested. resistance comes in at 1.4616, which will be the BE level.

Enter as per the chart for a riskier entry, or wait for a retest of the second trend line (which may or may not happen).

Trade is biased to the upside as long as Awesome oscillator continues to turn bullish. A break of the AO's trendline could indicate weakness.

RR isn't that great so i'd rather wait for a retest of the second trend line,
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.