1,5842. EUR CAD broke 1,5750 resistance. EUR CAD is in an uptrend supported by 4H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum.
=> We could take a long position at 1,5800. We will put the stop loss below 1,5750 (-50 pips). The targets are 1,5900 (+100 pips) 1,6000 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,5900 - 1,6000
1,5800 - 1,5750