EURCAD - Broken Support
EURCAD - Sell
The Weekly major support level has broken amidst unsettling european events. The level should now turn resistance and has already tested it.
Entry: 1.3376
Price has bounced of former support now turned resistance,
Stop: 1.34103
Above the support area, if price breaks through to this area, it'll have taken out previous highs and possibly looking at change of trend.
TP
I have highlighted key profit taking areas, can use a trailing stop and move trade to breakeven when certain amount in profit for risk management.
The Weekly major support level has broken amidst unsettling european events. The level should now turn resistance and has already tested it.
Entry: 1.3376
Price has bounced of former support now turned resistance,
Stop: 1.34103
Above the support area, if price breaks through to this area, it'll have taken out previous highs and possibly looking at change of trend.
TP
I have highlighted key profit taking areas, can use a trailing stop and move trade to breakeven when certain amount in profit for risk management.
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