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