EURCAD - False Break
Updated
Market structure: DownTrend, Short Bias
Setup: False Break/ retest resistance
False Break candlestick pattern: shooting star / Bearish engulfing
Entry: Long Bias, looking to enter when price retest previous support turn resistance around 1.42870 area
Stop loss: 1 ATR stop loss at swing high when retest resistance around
Take profit: will trail using 5 ATR stop Loss
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Setup: False Break/ retest resistance
False Break candlestick pattern: shooting star / Bearish engulfing
Entry: Long Bias, looking to enter when price retest previous support turn resistance around 1.42870 area
Stop loss: 1 ATR stop loss at swing high when retest resistance around
Take profit: will trail using 5 ATR stop Loss
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Trade active
Trade closed: stop reached
Always trade with the Trend, Trend is your friend until it bend
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.