We have a good chance for a low risk trade in the EURCAD cross pair.
Enter longs above Friday's high. The vertical lines on chart, plotted by Tim West's options expirations support/resistance indicator, show the dates where the options expired in the past, and a level calculated from the price action around it.
It has reliably pointed to significant turning points in Euro pairs for a long time, and I think this time isn't an exception.
With the weakness in the CAD, due to a topping Oil, we can go long with rather low risk here and a sizeable target.
Good luck!
Ivan Labrie.
Enter longs above Friday's high. The vertical lines on chart, plotted by Tim West's options expirations support/resistance indicator, show the dates where the options expired in the past, and a level calculated from the price action around it.
It has reliably pointed to significant turning points in Euro pairs for a long time, and I think this time isn't an exception.
With the weakness in the CAD, due to a topping Oil, we can go long with rather low risk here and a sizeable target.
- Buy stop EURCAD at 1.46418
- Stop loss: 1.45 handle
- Target: 1.52126
Good luck!
Ivan Labrie.
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NZDCAD: Longs
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