EUR/CAD stalking for Extended
I'm seeing a fairly decent buying opportunity here. Price action appears to imply that we are headed toward the r/s level at 1.5353 since it bounces off of this 1.5213 lineup that has not a straight flat r/s but a trend line encouraging the upwards momentum of price. I'm long with a TP in 1.5353 to get 120 pips, and also my stop loss at 1.5173 to get -60 pips, so I have a 2:1 RR ratio. Any thoughts are appreciated and welcome!