Trade Idea - ENB
Updated
Updating my short-term assessment on ENB of last week. I'm targeting ENB to hit the area between the level 1 of the fib extension from the last rally and the 0.618 fib retracement level from this year's highs, after the last retracement rally already gone through the 0.382 level, I think it's time to go for the 0.618. There should be some resistance around 43CCAD though.
Target 45-46CCAD / Stop Loss 39.50CAD. 4/1 reward-risk ratio. Upside 12%+
Target 45-46CCAD / Stop Loss 39.50CAD. 4/1 reward-risk ratio. Upside 12%+
Note
So far, so good. Trade remains in play.Trade closed: target reached
Good trade.
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