EURCAD_Short the bearish wedge_1 hour TF
Bearish wedge breakout. Going to short the pin bar.
Setup bar H - 1.49512 L - 1.49200 Difference of .00312.
Entry 1% short at a break of the low, 1.49195. Stop at 1.49519. Difference of .00324 pips.
T1 - 1.48871
T2 - 1.48547.
Since I'm only risking 1% I'm only trading to T1, if I could risk 2% I'd put 1% on T1 and trail the other 1% to T2.
Good luck!
Like/Comment/Follow TElphee! – Self-made Technical Analyst. Certification not held but desired after college. 5-year market enthusiast with experience in Forex, Futures and Cryptocurrencies. Full-time college student majoring finance working full time with a small dealership in western VA. Trading View is my trading journal. I’m posting a series of live trades and documenting them in real time. Share your opinion, but remember it is only an opinion. I’m very eager to learn! Find TElphee on LinkedIn/Twitter/Trading View
Disclaimer: Oanda data shown. This information is my own opinion and should not be considered investment advice. Please consult a professional before trading.
Setup bar H - 1.49512 L - 1.49200 Difference of .00312.
Entry 1% short at a break of the low, 1.49195. Stop at 1.49519. Difference of .00324 pips.
T1 - 1.48871
T2 - 1.48547.
Since I'm only risking 1% I'm only trading to T1, if I could risk 2% I'd put 1% on T1 and trail the other 1% to T2.
Good luck!
Like/Comment/Follow TElphee! – Self-made Technical Analyst. Certification not held but desired after college. 5-year market enthusiast with experience in Forex, Futures and Cryptocurrencies. Full-time college student majoring finance working full time with a small dealership in western VA. Trading View is my trading journal. I’m posting a series of live trades and documenting them in real time. Share your opinion, but remember it is only an opinion. I’m very eager to learn! Find TElphee on LinkedIn/Twitter/Trading View
Disclaimer: Oanda data shown. This information is my own opinion and should not be considered investment advice. Please consult a professional before trading.
Comment:
price broke out in the wrong direction, order did not get filled luckily. Price did proceed to interact with the trend line drawn from the wedge. Interesting.
Comment:
