2018Nov12 EURCAD H1 CRT
EURCAD has been on an uptrend with the trendline support holding along the way. It has been just been violated with a candlestick breaking and closing below. This served as the confirmation of the bearish bias. As such, I am looking short at that level. Stop loss is just above the recent swing high. The take profit target is set at the 61.8 Fibonacci retracement level of the upswing. I will cancel the sell limit order if price goes to TP1 before getting triggered. Trade details are as follows:
Trade Setup: CRT
Price Entry 1.49445
SL 1.49989 | SL pips 54.4
TP1 1.48808 | TP1 pips 63.7
RRR1 1.17
Trade Setup: CRT
Price Entry 1.49445
SL 1.49989 | SL pips 54.4
TP1 1.48808 | TP1 pips 63.7
RRR1 1.17
Order cancelled
Price did not retrace to my entry level. If you sold at market, then TP1 is hit. :)
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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.