Watching EURCAD for a potential short trade setup.
The idea is based on a clean break of the ascending trendline on the 15-minute chart. I am now waiting for a potential pullback to the marked entry zone before considering a short position.
⚠️ IMPORTANT: High-Impact News Ahead ⚠️
Note that there is high-impact **CAD CPI data** being released today. This can cause significant volatility and may invalidate the technical setup. It is wise to wait until after the news release or manage risk extremely carefully. This is a watchlist idea for now.
🛡️ Pro tips for any potential entry:
⚠️ Risk only 0.5~1% per trade.
📉 Be ready to secure profits at TP1.
If you enjoy my charts, hit Boost🚀👍, share your views in the comments 🗨️, and let’s crush those markets! 💹✨
The idea is based on a clean break of the ascending trendline on the 15-minute chart. I am now waiting for a potential pullback to the marked entry zone before considering a short position.
⚠️ IMPORTANT: High-Impact News Ahead ⚠️
Note that there is high-impact **CAD CPI data** being released today. This can cause significant volatility and may invalidate the technical setup. It is wise to wait until after the news release or manage risk extremely carefully. This is a watchlist idea for now.
🛡️ Pro tips for any potential entry:
⚠️ Risk only 0.5~1% per trade.
📉 Be ready to secure profits at TP1.
If you enjoy my charts, hit Boost🚀👍, share your views in the comments 🗨️, and let’s crush those markets! 💹✨
Trade active
Trade closed: target reached
All Targets Smashed! +2.5R ProfitA perfect outcome for our EURCAD short setup.
This is a follow-up to our watchlist idea. The trade triggered and has now successfully hit all three Take Profit targets, securing a +40 pip / +2.5R profit.
This is a fantastic result, especially considering the high volatility from the CAD CPI news we were watching. The technical analysis held strong, and the fundamental catalyst helped push the price in our anticipated direction.
I now consider this trade idea complete and highly successful. Congratulations to all who navigated this one!
If you enjoy my charts, hit Boost🚀👍, share your views in the comments 🗨️, and let’s crush those markets! 💹✨
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.