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charles-okoukoni
Sep 19, 2022 5:42 PM

EURCAD Short Trade Setup Short

Euro Fx/Canadian DollarFXCM

Description

A bearish opportunity recently presented itself on the euro-loonie trading chart. This follows from the bearish harami candlestick pattern which printed just below the 1.33000 psychological level, indicating a rejection of the level. A stop loss above the 1.34000 psychological level and a profit target anywhere between your entry and the swing low of 1.28777 could give you a reward-to-risk ratio as high as 3 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.

FX:EURCAD

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