Adding EURCAD to my watchlist for a potential short trade.
The idea is based on a clean break of the ascending trendline on the 2-hour chart. My plan is to watch for a pullback to the marked entry zone before considering a short position.
⚠️ IMPORTANT: Market Holiday & Low Liquidity ⚠️
Please be aware that today, July 4th, is a major holiday in the US. This will lead to significantly lower market liquidity, which can cause unpredictable or choppy price action. Extra caution is advised.
This is a watchlist idea for now. I will post an update if it becomes active.
🛡️ 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 2-hour chart. My plan is to watch for a pullback to the marked entry zone before considering a short position.
⚠️ IMPORTANT: Market Holiday & Low Liquidity ⚠️
Please be aware that today, July 4th, is a major holiday in the US. This will lead to significantly lower market liquidity, which can cause unpredictable or choppy price action. Extra caution is advised.
This is a watchlist idea for now. I will post an update if it becomes active.
🛡️ 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
Note
Hope you all had a great weekend! 🌟Between the last two analyses I shared, I recommend choosing the one that fits you best. Personally, I’d go with the EURCAD setup. Even though I closed the previous position with a small loss, I’m planning to re-enter as soon as the market opens tomorrow. 🔁💼
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.