Tradingwithtamil

EURCAD: TIME TO TRADE LIKE MASTERS-BEARISH.

Short
Tradingwithtamil Updated   
FX:EURCAD   Euro / Canadian Dollar
Hi traders,

The pair EURCAD moving as per the big players wish. On a daily time scale the market moving in a bullish trend (shown in the graph).

When you move into an Hourly time scale, at 1.54426 the chart printed an impulse and reversed the trend from uptrend (shown in the graph).

Especially, a close look on the reversal point will remember the bank manipulation strategy (shown in the graph) i.e the place where the big game changers gave their contribution to reverse the trend in order to short out expectations.

By the record, there are two probabilities for a profit count.

From the current price action, the price range may print an impulse to enter into the bear lane.
If the signals break the hourly trend line means, the signal will hit on the daily trend line and a pullback to the top and again one more impulse to down (shown in the graph).

Or else In case, the signals continue to travel in a bull lane means, end the trade at 1.54462.

SIGNAL SPECIFICATION:

Pair: EURCAD

Order: SELL

Entry: 1.54106

Take profit:1.53006

Stop loss: 1.54462

Risk Vs Reward: 3.09

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Note:
Trade signals would usually have a risk to reward ratio of 1:2.
It means that even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allows you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.

Note: Everything works with Best money management.

Note: Please leave comments for any query.

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.

Best
Forextamil
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Comment:
Like I mentioned, candles broke the hour trend line and moving to the daily trend line.

Watch the move and decide your trade.


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