Trade Recommendation: EURCAD

The price bounces from SMA50 and RSI confirms price reversal. MACD histogram supports upward movement. DMI allows opening long trades. Pending orders for buy can be placed at 1.50300 level with stop orders at 1.49500 level. Profit targets are 1.51000 and 1.52000 levels. Don’t risk more than 3% from your deposit in this trade.

Market: EURCAD
Buy: 1.50300
Stop: 1.49500
Profit Targets: 1.51000 and 1.52000

Disclaimer: The analyst does not have investments in EURCAD.

Author:
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.