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.
Pesanan dibatalkan
Break the trend line
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.