We're on the 4H chart on EUR/CAD and what we're honestly seeing is consolidation in the zones of 1.53 & 1.55. Being bullish overall on eur/cad, it's it's in our best interest to look for buys. If you're experienced in counter-trend trading then catching this retracement in the level of 1.54 will be very profitable in over 60 pips ... I mean if your price action skills is accurate and timely. (Setting an alert should help with timing.)
Let's look to go long after a break above the resistance level closing above to form a support level. This will put you in profit over 100 pips if your price action is on point. You may look for a retest and then an entry especially if you're a newbie to swing trading or trading in general.
- Once you're a pro, you'll know where to go!
Let's look to go long after a break above the resistance level closing above to form a support level. This will put you in profit over 100 pips if your price action is on point. You may look for a retest and then an entry especially if you're a newbie to swing trading or trading in general.
- Once you're a pro, you'll know where to go!