Hello everyone, I am Trader Andrea Russo, and today I want to present you a SHORT investment opportunity on CAD/NOK. With the help of the SwipeUP Reversal Radar Multi-Timeframe Alerts indicator, we have identified a setup that stands out for its bearish potential.
Investment Setup:
Entry Price: 7.67
Target Price (TP): 7,418, corresponding to an estimated profit of 3.28%
Stop Loss (SL): 7,803, corresponding to a risk of 1.74%
Technical Analysis and Motivation:
This setup is based on bearish pressure signals, with technical confirmations that suggest a potential downside reversal. The break of the Dynamic Support on the 4-hour (4H) chart reinforces the idea of a possible bearish movement, offering an interesting trading opportunity.
Final Recommendations:
Always check the chart to verify that the conditions remain favorable.
Apply adequate risk management to optimize the outcome of the trade.
Create a strategic plan before acting to best capitalize on this setup.
Happy trading everyone! 📉
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.