EURCAD - Bat Pattern Completed on H1
OPEC decided to cut production, EURCAD has dropped to 1.4644.
At the same time, a bullish bat pattern has also completed with price retracing slightly above the PRZ.
RSI is moving away from the oversold level, I am ready to go long at the next hour candle.
Risk to reward ratios looks fine at 1 to 1.3 for TP1, 1 to 2.3 for TP2.
I noticed it a little late, you guys might want to wait for the ideal price to long (bottom of PRZ) to enter, it's up to you.
At the same time, a bullish bat pattern has also completed with price retracing slightly above the PRZ.
RSI is moving away from the oversold level, I am ready to go long at the next hour candle.
Risk to reward ratios looks fine at 1 to 1.3 for TP1, 1 to 2.3 for TP2.
I noticed it a little late, you guys might want to wait for the ideal price to long (bottom of PRZ) to enter, it's up to you.
Dagangan aktif
Entered at 1.46746, let's see how it goes.Dagangan aktif
Trade is in the money at about 40 pips, I'm shifting my SL to breakeven.Nota
TP1 hit with 78 pips profit =)Dagangan ditutup: sasaran tercapai
Decided to lock all profits instead of waiting for TP2
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.