Going into Monday’s trade, there is a nice double bottom set up on the EURCAD weekly chart:
Weekly Double Bottom, 1.2964-67
Here's the trade:
1) Buy entry from 1.2970
2) Initial stop loss at 1.2944
3) Profit target at 26 pips, 1:1 risk vs. reward ratio
Weekly Double Bottom, 1.2964-67
Here's the trade:
1) Buy entry from 1.2970
2) Initial stop loss at 1.2944
3) Profit target at 26 pips, 1:1 risk vs. reward ratio