EURCAD 02.10.17 Long Taken

Last week we saw price form HL at our monthly support level shortly after making a strong bull run back towards our weekly mid-range where we found resistance. Today we have seen a small back and have found support at previous high.

I am expecting the price to break above weekly midrange and head towards our next key monthly level which is 1.50. Will be letting this trade run as long as we have a clean break of our midrange. Target will be FIB extension D2.

Please find above image the trade I’ve taken

Entry: 1.46886

SL: 1.46293

TP: 1.49644

I have also attached some longer-term analysis for this pair below

 

Screen Shot 2017-09-22 at 15.16.19

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