The EURCAD broke a major up trend line, in place since May 2015. In the last two days, this pair retested that trend line. The Weekly long term GMMA (orange) shows signs of compression and is starting to point down.
Putting all the information together, there is a good opportunity to short this pair.
Order 1:
Entry @ 1.4663
SL @ 1.5050
TG @ 1.3890-1.4000 area
Risk-reward ratio ~ 1:2
Trade management: boxes in units of risk-reward
Order 2:
Entry @ 1.4663
SL @ 1.5050
TG @ 1.3890-1.4000 area
Risk-reward ratio ~ 1:2
Trade management: boxes in units of risk-reward
Putting all the information together, there is a good opportunity to short this pair.
Order 1:
Entry @ 1.4663
SL @ 1.5050
TG @ 1.3890-1.4000 area
Risk-reward ratio ~ 1:2
Trade management: boxes in units of risk-reward
Order 2:
Entry @ 1.4663
SL @ 1.5050
TG @ 1.3890-1.4000 area
Risk-reward ratio ~ 1:2
Trade management: boxes in units of risk-reward
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.