SLO @ 1.4404 β³
TP1 @ 1.4330
TP2 @ 1.4287
TP3 @ 1.4238
π Overall Trend: Bearish
Resistance: 1.4480
Support: 1.4175
βοΈ Technical Indicators:
P2P INDi identifies curve from:
PH @ 1.44974
PL @ 1.41578
π TEMASHA identifies 1.4404 as a sniper entry for a short
π Moving Averages:
The 50/100/200-period all suggests that the overall trend is still bearish
π Oscillators
There is some bullish momentum in the shorter term
π RSI: The RSI is below 50, which is also bearish.
TP1 @ 1.4330
TP2 @ 1.4287
TP3 @ 1.4238
π Overall Trend: Bearish
Resistance: 1.4480
Support: 1.4175
βοΈ Technical Indicators:
P2P INDi identifies curve from:
PH @ 1.44974
PL @ 1.41578
π TEMASHA identifies 1.4404 as a sniper entry for a short
π Moving Averages:
The 50/100/200-period all suggests that the overall trend is still bearish
π Oscillators
There is some bullish momentum in the shorter term
π RSI: The RSI is below 50, which is also bearish.
Trade active:
π Based on today's CAD News, it appears that we're experiencing a "false-negative" β meaning the CAD is showing weakness for a limited time.
πͺ I'm still anticipating that the CAD will gain its strength soon
π PA on EURCAD has already moved +18 pips to the downside, so it's highly likely that the CAD is beginning to regain its strength and this pair should be returning to the DT
πͺ I'm still anticipating that the CAD will gain its strength soon
π PA on EURCAD has already moved +18 pips to the downside, so it's highly likely that the CAD is beginning to regain its strength and this pair should be returning to the DT
Trade closed: target reached:
Apparently, I chose the wrong curve because this short was SHORT-LIVED π
We only hit TP1 for a profit of +66 pips, then it PB and hit my +SL @ 1.4395
We only hit TP1 for a profit of +66 pips, then it PB and hit my +SL @ 1.4395
Professor C. E. Ward
