EURCAD Long: Buy The Next Impulse

19 thg 9, 2016

There has been a short bullish impulse out of the predicted reversal zone, indicating the potential for a completed wave (c) of the correction. This setup allows for a very tight stop behind the base of the impulse. Any drop below this level will require re-evaluation. The target is set at AB=CD but may change depending on price action. If we see a strong swift impulse I may move it higher, and if the correction seems to be continuing sideways I will either take profit at market or move the TP level down toward a potential triangle boundary. Will update as the tide rolls.

19 thg 9, 2016

Giao dịch đang hoạt động

19 thg 9, 2016

Ghi chú

Beautiful breakout ridden with this trade. Moving stop to B/E and keeping a close eye on price action. There is a missed monthly pivot above price that may boost the rally.