False Breakout on EURCAD
Hi guys,
this is what i call "False Breakout". I've posted an analysis on this pair in the last days but i was unable to take that trade (fortunately) as explained there (see attachment).
Nevertheless, i'm not in any correlated trade right now and i can indeed take this trade if the market will let me do that. The reason i think this could be a false breakout is due to the very strong reaction we've had after the break of that daily structure (yellow box). In the hourly chart (this one) i also see a small break of intra daily support: this gives me an edge and i'm placing my order with the blue line, with stops above the highs, and targets as shown.
If you have any idea/question, feel free to comment below.
Otherwise, see you in the next chart!
this is what i call "False Breakout". I've posted an analysis on this pair in the last days but i was unable to take that trade (fortunately) as explained there (see attachment).
Nevertheless, i'm not in any correlated trade right now and i can indeed take this trade if the market will let me do that. The reason i think this could be a false breakout is due to the very strong reaction we've had after the break of that daily structure (yellow box). In the hourly chart (this one) i also see a small break of intra daily support: this gives me an edge and i'm placing my order with the blue line, with stops above the highs, and targets as shown.
If you have any idea/question, feel free to comment below.
Otherwise, see you in the next chart!
Trade ativo
Trade fechado: objetivo atingido
First target hit! Stops moved to breakeven. Btw, i've just published the latest videoanalysis, click the link below to see what i'm looking at this week!
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.