EURCAD: Buying Opportunity above SMA200
The daily chart shows the bullish trend. If the price breaks SMA200 in the 4H timeframe, it will be a buying opportunity in the direction of the main trend.
Here is an example of a long trade:
Buy above 1.56650
Stop below 1.55350
Profit Target at 1.59560
Risk per trade must be no more than 1% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Here is an example of a long trade:
Buy above 1.56650
Stop below 1.55350
Profit Target at 1.59560
Risk per trade must be no more than 1% of the capital.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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