EURCADIn a Day time frame one can easily guess that this is downtrend , so as per the great saying;
, " Trend is your friend ".
Now looking to the fundamental scenario that Euro is becoming weaker from the month start
so this could be a great opportunity for us.
always wait for the price action before execution.
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Note
Please decide your Risk/Reward ratio at your own this is just an example for the idea.
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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.