EURCAD Pullback to structure and 0.618. Shorting opportunity Short

Euro Fx/Canadian DollarFXCM

Description

⋅ 30 oct. 2018 02:46

*Downtrend in the bigger picture
*Price breakdown then pullback to structure.

Wait for the pullback to 1.4985-1.5000 (Structure and fib 0.618)

Aggressive approach: Sell near the yellow box for bigger RR Ratio
Conservative: Wait for the price to break the trend line,
pullback then short.

If the price breaks the trend line before pullback to our selling zone, abort the mission.

SL: 1.5035 (Better RR Ratio) or 1.5060 (conservative).

(Note: Never trade with the money you can't afford to lose)

Good luck.

Please like, comment, and follow to support the author if you find this analysis helpful.

Commentaire

⋅ 30 oct. 2018 02:53

TP 1.4850. You can take your profit when it reaches 1:1 or 2:1. It's your call. Trade your own plan.

Commentaire

⋅ 30 oct. 2018 05:58

You can buy for short term now. Hit the resistance, take your profit then look for sell.

Ordre annulé

⋅ 30 oct. 2018 07:54

Break the trend line

Plus