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ProjectSyndicate
Jul 7, 2020 7:30 AM

EURCAD H4: Best level to short it +100 pips(SL/TP)(NEW) Short

Euro Fx/Canadian DollarFXCM

Description

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-Key S/R levels
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EURCAD H4: Best level to short it +100 pips(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.

🔸 Summary and potential trade setup
::: EURCAD H4 chart review and strategy
::: locked inside range currently
::: 5400 premium level / unlikely that it breaks
::: 2 options currently for BEARS
::: short 5380//5400 if we get there
::: stop loss 5440 TP 5180 +220 pips
::: alternatively SHORT break down of weak
::: leavel (yellow dash line) 5290
::: SL 40 pips TP 5180 +110 pips
::: SL is 60 pips TP is +375 pips
::: overall chart is BEARISH more losses
::: incoming soon. re-test of range lows 5180
::: so get ready to SHORT it and get paid
::: setup for patient traders only
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS
::: Sentiment outlook short-term: MIXED
Comments
machukamandela
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I am just learned about supply and demand. Same analysis i made. More confidence going foward. Cheers
DragonCaptain
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Going well so far.
UnknownUnicorn8099325
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GREAT CHARTS AND THINK YOU , I TOTALLY AGREE WITH YOU ;


:)
VasilyTrader
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Very good! Here is what price action shows:
fallingdown
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It's the opposite
fallingdown
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wtf
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