TheRavensForex

EURCAD Sell - watch for pinbar and volume fakeout

Short
TheRavensForex Updated   
FX:EURCAD   Euro / Canadian Dollar
EURCAD is expected to experience a drop in the 1.46 price range, which is a major resistance zone. This prediction is based on a high probability occurrence of a bearish pinbar formation in December. It is recommended to wait for a fake out in volume before entering a sell position. Keep an eye on this for further updates.
Comment:
If the pinbar doesn't detect, I will decrease the lot size for this trade
Comment:
A better entry here
Comment:
Another entry with small size, and manage the previous order.
Trade closed: target reached:
I have closed the orders and took all the profits.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.