EURCAD H4 | Bearish reversalEURCAD is rising to our sell entry, from there price could reverse and fall to our take profit level.
Sell entry is at 1.47559 which is a swing-high resistance level.
Stop loss is at 1.48315 which is a level that sits under a pullback resistance.
Take profit is at 1.46036 which is a swing-low support.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
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Losses can exceed deposits.
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