EUR/CAD - (+250) PIP DOWNSIDE POTENTIAL
I do believe that the pair is currently found within a Zig-Zag correction, still needing to complete C Leg of the sequence, which is exactly what we are looking to catch.
Once price reaches the trigger area I will be placing a sell stop order below the lows of the candlesticks that will be forming then. I will not be jumping in immediately with Market Execution, that would be like committing suicide.
Targets will be measured according to the length of the A Leg
Stay tuned for the updates
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Once price reaches the trigger area I will be placing a sell stop order below the lows of the candlesticks that will be forming then. I will not be jumping in immediately with Market Execution, that would be like committing suicide.
Targets will be measured according to the length of the A Leg
Stay tuned for the updates
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Comment:
beautiful follow through - press the play button to track the progress