Long
EURCAD For buy Mid-term
The EUR CAD pair has completed the formation of the positive Harmonic Butterfly pattern with a daily interval, as the correction of point D reached the maximum possible percentage of the BC leg at 261.8%
Accordingly, it is possible to enter into buying positions from the potential reversal zone (PRZ.2) from levels (1.4320: 1.4370) after the pair fell from the area (PRZ.1), where the correction of point D of the BC leg at 161.8%
Then we target 1.4530 as a first target at the 38.2% correction of the CD leg, and with the breach we target the 1.4790 level as a second target at the 61.8% correction
While the daily closing below 1.420 is a stop loss and failure for the pattern.
Accordingly, it is possible to enter into buying positions from the potential reversal zone (PRZ.2) from levels (1.4320: 1.4370) after the pair fell from the area (PRZ.1), where the correction of point D of the BC leg at 161.8%
Then we target 1.4530 as a first target at the 38.2% correction of the CD leg, and with the breach we target the 1.4790 level as a second target at the 61.8% correction
While the daily closing below 1.420 is a stop loss and failure for the pattern.
Trade fermée: ordre d’arrêt atteint
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.