SELL EUR CAD- REVERSAL INCOMING- POTENTIAL SWING TRADE Short

Euro Fx/Canadian DollarFXCM

Description

⋅ Apr 4, 2020 12:07 PM

LOOKING AT EUR/CAD WE ARE LOOKING LIKE WE HAVE GONE TO A VERY STRONG LEVEL OF RESISTANCE 1.60
WE HAVE A GAP BELOW SIGNALLING WE SHOULD COME DOWN AND FILL THIS GAP AT 1.51400
I AM LOOKING TO SELL AT THE BEST POSSIBLE PRICE SELL LIMIT 1 OR SELL LIMIT 2

SELL LIMIT 1

ENTRY :1.55000
SL:1.55300 (30 PIPS)
TP:1.52200 (279 PIPS)
RISK TO REWARD 1:9

SELL LIMIT 2

ENTRY: 1.57400
SL:1.57800 (40 PIPS)
TP:1.52200 (523 PIPS)
RISK TO REWARD 1:13

LOOK TO ENTER IN SELL ZONE BOX WAIT FOR BEARISH REVERSAL ON HIGHER TIMEFRAME (4HR),(6HR)

IF PRICE BREAKS SELL ZONE 1 DO NOT ENTER UNTILL SELL ZONE 2

IF PRICE BREAKS 1.57800 DO NOT ENTER

TRADE AT YOUR OWN RISK USE 1%-3% OF ACCOUNT BALANCE

Trend Analysis