EUR/CAD Long Entry Analysis

14 thg 7, 2015

Apologies for the delayed post. Buy order could have been better however, confirmation of a movement to the upside was required based on the 30 minute and 1 hour chart.

Indicators:

1. Higher lows (indicating a strong bullish bias)
2. Overall analysis from 12 days ago still confirms upside potential (daily/weekly chart)
3. Resistance turned support (Weekly/Monthly Trend line)
4. 30 Minute Chart shows a bullish pin bar

Target 1 - 1.42520
Target 2 - 1.44321

Note: More upside is expected, stops will be moved as trade progresses.

Happy trading!