SMPTrader
Short

Possible EUR/CAD short Position!!

FX_IDC:EURCAD   Euro / Canadian Dollar
SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY


SMP Strategy

Chart time frame - H4
Timeframe - 2-3 Days
A – Activating Event
Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 1.447
C - Fundamentals that may affect the pair
EUR Zone consumer Price Index on the 31st Oct @ 20:00 AEST
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 1.447
Target 2 @ ....

Risk/Reward @ 2.5.1

Happy trading :)


Follow your Trading plan, Remain disciplined and Keep learning !!


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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!

Comments

Hi Sir, is this trade opinion still valid?
Reply
SMPTrader tobennaleo
@tobennaleo, We may see a short decline from here however the strong move from the support line to the resistance line is quite concerning. Happy trading :)
Reply
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