DatTong
Short

EURCAD, Continuous downtrend on H1.

FX:EURCAD   Euro / Canadian Dollar
H1:
- Tendency: Downward
- Below resistance
=> Sell
Nov 25
Comment: We got another perfect entry. Now can move stoploss to entry level and enjoy free ride

Nov 26
Comment: Exit at break-even and wait for re-enter (if any)
Nov 26
Comment:

As you can see, there is no reversal candle that shows rejection when retesting the level. So there is no chance to re-enter the trade in this case. You need to wait for higher and only sell when price goes below our first zone and give confirmation with the zone then.
Nov 26
Comment:

Safe trade: Close below the first zone
Nov 26
Comment:

Price didn't close below the first zone, we can't re-enter in this case as well. it will continue advance more.

Just stay outside for better chance
@DatTong Do you think it would be a good moment to re-enter, now?
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now?
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Thanks, your last explanation help us to became a better trader.
+1 Reply
It might even go higher around 1.50730
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Any updates??
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The resistance was at 1.50130 now I think it’s going down. I was waiting at that level. Very tight stop loss at 1.50150
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Telegram channel is lit bro, great work, thanks again
+1 Reply
Great job
Downtrend is coming
Reply
re enter if doji on 30 min and 1hour?
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you do not take care of the correlations of the market
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