EURCAD BREAKOUT IMMINENT?

8. Okt. 2019

On the chart you can see we have had a strong move upwards, followed by a pennant formation, this indicates that a breakout may be about to happen.
I have set alerts for a breakout of both the top and bottom of the formation, however I have a bullish bias towards the pair.

Always make sure trade ideas align with your own strategy and never blindly trade what others say.

8. Okt. 2019

Anmerkung

Reasons for bullish bias: MFI Divergence + buy signal
Momentum indicator beginning to point upwards.

I will be looking to enter around 1.465
with SL at 1.460
and TP from 1.466 to 1.469