EURCAD short entry - I will try again
Updated
Hi traders,
After my failed attempt to short the EURCAD yesterday, I am looking for a new entry. I think this s a great setup.
Why did I put the entry at 1.46000?
Entry: 1.46000
Stop: 1.46582
Target: 1.44983
Will keep this updated as time progresses. Good luck!
After my failed attempt to short the EURCAD yesterday, I am looking for a new entry. I think this s a great setup.
Why did I put the entry at 1.46000?
- 61.8% Fibonacci retracement of the big bearish move from May 2016 to June 2016
- 127.2% Fibonacci extension of the bullish move from June 2016 to July 2016
- 127.2% Fibonacci extension of the bullish move formed in July 2016
- Completed AB=CD pattern
- Previous structure
Entry: 1.46000
Stop: 1.46582
Target: 1.44983
Will keep this updated as time progresses. Good luck!
Trade active
Trade closed: stop reached
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