EURCAD: Long new highs

2016년 5월 14일

We have a good chance for a low risk trade in the EURCAD cross pair.
Enter longs above Friday's high. The vertical lines on chart, plotted by Tim West's options expirations support/resistance indicator, show the dates where the options expired in the past, and a level calculated from the price action around it.
It has reliably pointed to significant turning points in Euro pairs for a long time, and I think this time isn't an exception.
With the weakness in the CAD, due to a topping Oil, we can go long with rather low risk here and a sizeable target.

• Buy stop EURCAD at 1.46418
  
• Stop loss: 1.45 handle
  
• Target: 1.52126
  

Good luck!

Ivan Labrie.