Hi traders,
After my failed attempt to short the EURCAD yesterday, I am looking for a new entry. I think this s a great setup.
Why did I put the entry at 1.46000?
Entry: 1.46000
Stop: 1.46582
Target: 1.44983
Will keep this updated as time progresses. Good luck!
After my failed attempt to short the EURCAD yesterday, I am looking for a new entry. I think this s a great setup.
Why did I put the entry at 1.46000?
- 61.8% Fibonacci retracement of the big bearish move from May 2016 to June 2016
- 127.2% Fibonacci extension of the bullish move from June 2016 to July 2016
- 127.2% Fibonacci extension of the bullish move formed in July 2016
- Completed AB=CD pattern
- Previous structure
Entry: 1.46000
Stop: 1.46582
Target: 1.44983
Will keep this updated as time progresses. Good luck!
Trade active
Trade closed: stop reached
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Related publications
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.