EURCAD bullish setup RR=3.13 H4

2020-01-03 02:48:01

Stochastic indicator shows that we are in oversold zone , we have a complete formation of bullish butterfly pattern . trend has been bearish since the half of november novembre , I am expecting to see a little upward correction . Potential target : 1.46789 wich is a strong resistance tested 5 times the last month .
for a buy 1.45023 SL at 1.44458 and TP at 1.46789 you get a RR ratio of 3