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.
Nota
TP 1.4850. You can take your profit when it reaches 1:1 or 2:1. It's your call. Trade your own plan.Nota
You can buy for short term now. Hit the resistance, take your profit then look for sell.
Ordem cancelada
Break the trend line
Aviso legal
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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.