Friday, 23 August 2013

EURCAD Price Action Kill Zone

Price has broken out from resistance on the daily chart for EURCAD, now what I will be looking for is a pullback to the previous resistance, now support and then I will be looking for price action to go long.

If price does break back down to this level and holds, we will be looking at a high probability trade as we are going with the trend and first targets would be set around the 1.94517 area.

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