Trade the correction on EURCAD
After the recent price losses, EURCAD has stabilised for the time being.
The movement permits a trade in the sense of classic trading out of the correction.
A bullish breaker block underpins a short-term optimistic view on the currency pair.
Traders can place the stop loss below the last open FVG.
The unmitigated IFVG in the 1.4789 area is a good take profit. The particular attraction of this target is the fact that the open IFVG is in close proximity to the 61.8% retracement of the recent downward movement.
The trade thus achieves an RRR of 1.5:1.
The movement permits a trade in the sense of classic trading out of the correction.
A bullish breaker block underpins a short-term optimistic view on the currency pair.
Traders can place the stop loss below the last open FVG.
The unmitigated IFVG in the 1.4789 area is a good take profit. The particular attraction of this target is the fact that the open IFVG is in close proximity to the 61.8% retracement of the recent downward movement.
The trade thus achieves an RRR of 1.5:1.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.