EUR/CAD short opportunity Short

Euro Fx/Canadian DollarFXCM

Description

⋅ Aug 29, 2018 5:35 PM

oscillating market
50 EMA resistance
+3 true S/R touches
MACD divergence
mhase: Pullback
market deceleration
More than 1:1 win ratio

Comment

⋅ Aug 30, 2018 2:18 AM

*S3 Pivot Point not S4

Trade active

⋅ Aug 30, 2018 4:14 PM

Trade closed: stop reached

⋅ Aug 31, 2018 5:15 AM

Moving Averages Trend Analysis

Comments

osrodrig

⋅ Aug 30, 2018 4:36 PM

Yes, i am shorting too target 1.495

osrodrig

⋅ Aug 30, 2018 2:56 AM

I agree with you, actually in the weekly chart I see a HSH pattern. Sell for long term, what do you think?

maxg98

⋅ Aug 30, 2018 4:55 AM

@osrodrig, there is a huge difference between the daily and weekly chart. I only use the weekly chart to identify the major trend and if the price is near major s/r levels

maxg98

⋅ Aug 30, 2018 4:57 AM

@osrodrig, the S3 Pivot Point support level is significant. If you check the H1 chart you will identify strong ranging market conditions in this zone.