EURCAD H1: BEST Level to SHORT/HOLD +150/+250 pips(SL/TP)(SWING)

Oct 26, 2022

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EURCAD H1: BEST Level to SHORT/HOLD +150/+250 pips(SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
tagged as SHORT because 250 pips DUMP still
remains. recommend to SHORT/HOLD IT.

🔸 Summary and potential trade setup
::: EURCAD H1:/candle chart review
::: currently trading near range highs
::: REVERSAL trade setup
::: expecting reversal from overhead S/R
::: SHORT/HOLD after we max out near 3640
::: 250 pips DUMP from my level
::: BEARS will target mid-range at 3480
::: BEARS will take from overhead resistance
::: expecting pullback / re-test of range lows
::: TP1 BEARS is mid-range TP2 BEARS is range lows
::: TP BEARS +150 pips / +250 pips
::: recommended strategy: SHORT/HOLD 3640
::: TP1 bears +150 pips TP2 bears +250 pips
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 3400 fresh demand zone
::: 3640 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/FINAL PUMP
::: Sentiment outlook mid-term: BEARS/DUMP

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

Nov 1, 2022

Comment

TP1 HIT +180 PIPS

Nov 4, 2022

Trade closed: target reached

FINAL TP HIT +250 PIPS CONGRATS