1,5922. EUR CAD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR CAD. The price should find a support above 1,5910. The uptrend should continue to gather momentum.
=> We could take a long position at 1,5920. We will put the stop loss below 1,5890 (-30 pips). The targets are 1,6000 (+80 pips) 1,6050 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
1,5980 - 1,6050
1,5910 - 1,5865