Retail Money Printers Get To Work! EURCAD Is In A Range Again!
Hello My Friend :)
EURCAD is in a range again on the HOURLY TIME FRAME, and although the price movement isn't as "clean" like how I prefer it to be, I would still take it. It might not be an A+ setup, but it can pass off as a B, and if B setups print money too, why sit on it?
Depending on how price moves after it triggers the Limit Order, we might look forward to hit it again.
This trade would be a B setup reason being,
1 - Price has approached the Resistance level marked in Green Line, and has not swiftly came back down in the previous swing.
2 - The 200 SMA is barely below the Horizontal Range on both the Hourly Time Frame and the 4 Hour Time Frame, and both of the time frame's 200SMA is quite flat.
To note, the Red Horizontal Line demarcates the 4 Hour Time Frame's Resistance Level.
EURCAD
EURCAD is in a range again on the HOURLY TIME FRAME, and although the price movement isn't as "clean" like how I prefer it to be, I would still take it. It might not be an A+ setup, but it can pass off as a B, and if B setups print money too, why sit on it?
Depending on how price moves after it triggers the Limit Order, we might look forward to hit it again.
This trade would be a B setup reason being,
1 - Price has approached the Resistance level marked in Green Line, and has not swiftly came back down in the previous swing.
2 - The 200 SMA is barely below the Horizontal Range on both the Hourly Time Frame and the 4 Hour Time Frame, and both of the time frame's 200SMA is quite flat.
To note, the Red Horizontal Line demarcates the 4 Hour Time Frame's Resistance Level.
EURCAD
Order cancelled:
17122021 2038
Oopsy daisy. Today is Friday and I forgot about it.
Pending Order closed.
Great Weekend Ahead :)
Oopsy daisy. Today is Friday and I forgot about it.
Pending Order closed.
Great Weekend Ahead :)