EURCAD Pullback to structure and 0.618. Shorting opportunity
*Downtrend in the bigger picture
*Price breakdown then pullback to structure.
Wait for the pullback to 1.4985-1.5000 (Structure and fib 0.618)
Aggressive approach: Sell near the yellow box for bigger RR Ratio
Conservative: Wait for the price to break the trend line,
pullback then short.
If the price breaks the trend line before pullback to our selling zone, abort the mission.
SL: 1.5035 (Better RR Ratio) or 1.5060 (conservative).
(Note: Never trade with the money you can't afford to lose)
Good luck.
Please like, comment, and follow to support the author if you find this analysis helpful.
*Price breakdown then pullback to structure.
Wait for the pullback to 1.4985-1.5000 (Structure and fib 0.618)
Aggressive approach: Sell near the yellow box for bigger RR Ratio
Conservative: Wait for the price to break the trend line,
pullback then short.
If the price breaks the trend line before pullback to our selling zone, abort the mission.
SL: 1.5035 (Better RR Ratio) or 1.5060 (conservative).
(Note: Never trade with the money you can't afford to lose)
Good luck.
Please like, comment, and follow to support the author if you find this analysis helpful.
Note
TP 1.4850. You can take your profit when it reaches 1:1 or 2:1. It's your call. Trade your own plan.Note
You can buy for short term now. Hit the resistance, take your profit then look for sell.
Order cancelled
Break the trend line
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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.