See callout bubbles. We do need a little bit of a pop in the EUR to get our entry, but if the red highlighted area holds, I think it holds a lot of potential. It will also help to see Oil find a little bit strength to bring some fire into the CAD. Overall, I like the EURCAD short. Let's see if the market will jump up and give us our opportunity.
Always measure your risk and be okay with being wrong ; )
Always measure your risk and be okay with being wrong ; )
Trade active:
Price just jumped into our zone. Will we find the sellers that we expect? We'll have to see.
Oil is flat for the most part today, but a look at the D chart will show that it is making higher highs. If Oil presses further upward, that will be good for us in this trade...
Oil is flat for the most part today, but a look at the D chart will show that it is making higher highs. If Oil presses further upward, that will be good for us in this trade...
Trade closed: stop reached:
Market a little too strong. Stopped out for a small loss and we move on to the next trade ; )
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Thank you for your support!