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NavidNazarian

Eurcad short position analysis

Short
Euro / Canadian Dollar (OANDA:EURCAD)  
NavidNazarian Updated   
OANDA:EURCAD   Euro / Canadian Dollar
Supply and Demand Support and Resistance Multiple Time Frame Analysis EURCAD eurcadshort volumetrading volumes
7
1
supplyanddemand supportandresistance mtfa eurcad eurcadshort volumetrading volumes
We have a CHoCH in 1H TF. There are two scenarios: 1- I think there is a chance that price come up to take the liquidity above that consolidation and then go down. 2- If any 5min candle closes below 1.4899 it's a confirmation to go short to TP1.
Lets see what will happen...
Good luck.
Comment:
We've come up and took the liquidity above the consolidation, and now we have a CHoCH in 15min TF. So I'll go short by the market price by my own risk.
If you want you can wait for the trend line break out.
snapshot
Trade active
Comment:
This trade is also active for those who set an order.
Good luck.
Trade closed: target reached:
We reached all TPs.
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