Anticipating a bounce off the 1.4430 (61.8) area and a possible retest before a long move. If price action breaks through the 1.4700 handle with a nice impulsive move I will look to manage trade accordingly during correction for a carry of about 500 pips from entry at/near 1.4450.
The objective is to target 1:10/15 risk/reward depending on stop loss of 50 pips or less.
Even if price action still doesn't breakout of the 1.4700 handle initially, one can still walk away with at least 1:5 risk/reward by taking profit at/near 1.4700 area.
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The objective is to target 1:10/15 risk/reward depending on stop loss of 50 pips or less.
Even if price action still doesn't breakout of the 1.4700 handle initially, one can still walk away with at least 1:5 risk/reward by taking profit at/near 1.4700 area.
Like and share...
Comment:
EURCAD: made the anticipated bounce and retest but at a lower area..
