EURCAD - Still ranging, Upside targets set

2020-01-13 13:16:02

PAIR IN FOCUS: EURCAD
ACTION: LONG
HORIZON: SHORT TO MEDIUM-TERM

Price has melted into an important zone and is currently ranging in it. The bottom of the zone/range is a Daily support level which seems to be holding well. Upside targets are set should price break upwards out of the range. Do note that we would want to have a clean break instead of a break by candle wicks.

The TP levels and Stop Loss are indicated on the chart. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

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