EURCAD Retesting the Trend and the 50% Fib level

By keechi
Updated
EURCAD rallying up continuing its up trend , we got a pretty good opportunity for a buy setup

-break of a trend line + retest
-correction to the 50% Fib level
-on a support zone
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you can secure half of your position before US PPI data
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PPI numbers are worse than expected which is good for EUR
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secure some of your profits at 1.47864
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Move your SL to 1.47410 to not be exposed to any risk
Trade closed: target reached
Chart PatternsEURCADeurcadanalysiseurcadforcasteurcadlongeurcadsetupeurcadsignalForexTechnical IndicatorsTrend Analysis

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