Technician
Short

EURCAD: Short with an attractive Risk-Reward

FX:EURCAD   Euro Fx/Canadian Dollar
387 3 2
This setup might be a bit riskier, as it goes against the prevailing trend, however the reward of the trade is pretty attractive compared to risk could be more then 3 to 1.

Technically, the price is retesting a broken support-turned resistance area and there is a potential of a pin bar here.

Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is moved to breakeven
4. Second unit at second target
5. If 90 percent of first target is reached without triggering entry, trade is cancelled

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AshleyWeyers
2 years ago
I went short when it broke fractal support on H1. Came off structure resistance with confluence at 618 retracement and RSI was < 50. Target 1 identical at 1.49260 Target 2 at 1.48 even as the 1.272 extension of fib retracement
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nihal.bhat.7
2 years ago
very solid trade
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