CADEUR trade ideas
EurCad BuyFirst we need to focus on EurCad daily chart .. here i can find that market breaks 0.236 Fib level which clears the path for next fib 1.4382.. Bingo so we meet with Third condition Take Profit 1.4380(2pip down from target)
4 Hour chart
My second chart
here i can see market is trying to creat a Crab gartley Pattern .. which have a target little bit upside .. which looks great as its give me more confidence that my target will be meet
So entry watching 5 mins candle entry done 1.4795 ( as previous fib 0.236 1.4795 is now a solid support ) stoploss 26 Points is fair enough for this trade as target is only 84 Points
EURCAD Reversal @ 61 FIBCheck different time frames it's part of a larger trend going up so this is just retracement of 61 which lands perfectly on a strong support.
