EURCAD, 4hr tf, sell on broken trend line retest
Hello my friends,
There is another setup i just found which is EURCAD pairs.
Before i start, if you find this post useful, please give me a like and follow me for my next update.
Price currently moving inside a downward channel and price was rejected at upper line touch.
There is also horizontal support which has been broken and I am now preparing to sell this pair.
I am gonna sell on the retest of trend line so we could get a better RR ratio.
There is possibility the previous upwards movement was a bearish flag.
The measured objective of this bearish flag target is at 1.5320.
Sell EURCAD 1.5550
Stop loss 1.5600
Take profit 1 at 1.5430 (2.4R)
Take profit 2 at 1.5330 (4.4R)
Use only 1-2% risk
Good luck
There is another setup i just found which is EURCAD pairs.
Before i start, if you find this post useful, please give me a like and follow me for my next update.
Price currently moving inside a downward channel and price was rejected at upper line touch.
There is also horizontal support which has been broken and I am now preparing to sell this pair.
I am gonna sell on the retest of trend line so we could get a better RR ratio.
There is possibility the previous upwards movement was a bearish flag.
The measured objective of this bearish flag target is at 1.5320.
Sell EURCAD 1.5550
Stop loss 1.5600
Take profit 1 at 1.5430 (2.4R)
Take profit 2 at 1.5330 (4.4R)
Use only 1-2% risk
Good luck
Trade closed manually:
Closing this now for +160 pips
Banking 6.2% profit
Pretty good conaidering we only got this trade active for 1 day
Banking 6.2% profit
Pretty good conaidering we only got this trade active for 1 day