We have a good chance for a low risk trade in the EURCAD cross pair.
Enter longs above Friday's high. The vertical lines on chart, plotted by Tim West's options expirations support/resistance indicator, show the dates where the options expired in the past, and a level calculated from the price action around it.
It has reliably pointed to significant turning points in Euro pairs for a long time, and I think this time isn't an exception.
With the weakness in the CAD, due to a topping Oil, we can go long with rather low risk here and a sizeable target.
Good luck!
Ivan Labrie.
Enter longs above Friday's high. The vertical lines on chart, plotted by Tim West's options expirations support/resistance indicator, show the dates where the options expired in the past, and a level calculated from the price action around it.
It has reliably pointed to significant turning points in Euro pairs for a long time, and I think this time isn't an exception.
With the weakness in the CAD, due to a topping Oil, we can go long with rather low risk here and a sizeable target.
- Buy stop EURCAD at 1.46418
- Stop loss: 1.45 handle
- Target: 1.52126
Good luck!
Ivan Labrie.
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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.