EURCAD Continue Through the Channel or Broke It?

2020-01-07 23:47:37

Hi guys, here is my analysis on OANDA:EURCAD.

It is easy to understand by the image itself so I will go through the take profit points.

TP levels are based on important Fibonacci levels near the entry point.
LONG: TP at 1.50831.
SHORT: TP at 1.41431.

Looking at the chart I think there are more possibilities for a short position, but it is still not said.

Follow me for other analysis and if you have any question or suggestion let me know commenting below.
Thanks for reading.