riffster21
Short

EURCAD - Sell a Bounce

FX:EURCAD   Euro / Canadian Dollar
30 views
3
30 0
The EURCAD has been trading inside this massive channel since the beginning of Dec. We have a run towards resistance right now. The recent push up has 'not' consolidated making a bounce near resistance more likely.

I will wait for the pair to get close to resistance (top of the channel), then sell with a stop 20 pips above the channel and a target near the bottom of the channel. The risk/reward on this trade is fantastic. The EURCAD provides these trades a few times each year.

Trade safe and keep an eye on news!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out