Vostiothenjo

EUR/CAD low risk high reward sell setup

FX:EURCAD   Euro Fx/Canadian Dollar
62 4 5
Details indicated on the chart
Hi. Are you trading wave 4 up? Thanks.
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Since Wave 2 was a very deep correction almost 70% there is a very high chance that wave 4 would be a very short correction. That would make a trade like that not worth taking coz of the high risk involved. Your stops would also be too far. We would prefer taking wave 5 coz it would be a very LOW RISK trade. Thats our view of this whole setup.
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Marvin Vostiothenjo
Ok I understand. Thanks a lot.
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Cheerz and welcome...
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