The EURCAD was trading in a short term range around a LT important level, as you already know, when the market is trading like this, we need to wait for the market to break the ST range, then look for trade opportunities in the direction of the breakout. Well, just broke the upper ST resistance level:

I’d like to see a retracement to the ST support level (just below HOPS1), and if the market forms a significant pattern with upward pressure, I’ll definitely go long.

Trade Safe!

Raul Lopez
Forex Training