Technical opportunity with breakout faded out and momentum arrives again
Below I have posted the trade on basis of balance market . Pair is already in strong swing and exact trade location was within the rotation center and "Violation" of such rotation center give us an opportunity. That type of market gives us hints before desperation is shown and we indeed need to cover at first attempt. But the rise was on the cards with second attempt with successful test and momentum coming in again.
The chart tell us that if momentum faded out again then we probably would have lost minimum on that trade as it was high probability trade as pair was in uptrend.
Take a look at eur/cad chart below And for reference check my earlier post
