EURCAD 5-3 WAVE PATTERN - ENTERING ON THE PULLBACK
Reason for short:
1) Minor Upper Trendline broken with one strong bush so (bias is still bullish but there is a small counter trend opportunity - therefore a tight stop loss since this trade carries high level of risk)
2) Pair was unable to push through a major level of structure and immediately later the trendline was broken
Target is set for 2 levels of confluence
Trade safe and do your own due diligence before entering a trade.
For one on one education join us on:
http://www.valuedbusinessconsulting.com/
1) Minor Upper Trendline broken with one strong bush so (bias is still bullish but there is a small counter trend opportunity - therefore a tight stop loss since this trade carries high level of risk)
2) Pair was unable to push through a major level of structure and immediately later the trendline was broken
Target is set for 2 levels of confluence
Trade safe and do your own due diligence before entering a trade.
For one on one education join us on:
http://www.valuedbusinessconsulting.com/
Trade closed: stop reached