Long EURCAD within this channel
Updated
Hi everyone, Falkor here. I've been trading crypto for over a year now and, thanks to a friend, decided to diversify into Forex.
Here is my first position which I've opened based on the EUR/CAD forex pair.
My reasoning for longing here is the following:
1. Over-sold on the RSI
2. Falling wedge
3. Hit bottom support within the wedge
Not offering any type of financial or trading advise, I simply wanted to share my thoughts with the community.
Trade safe out there!
Here is my first position which I've opened based on the EUR/CAD forex pair.
My reasoning for longing here is the following:
1. Over-sold on the RSI
2. Falling wedge
3. Hit bottom support within the wedge
Not offering any type of financial or trading advise, I simply wanted to share my thoughts with the community.
Trade safe out there!
Comment
Looks like the idea is playing out nicely so far!Comment
Going to close this trade shortly, RSI starting to look a little overboughtTrade closed: target reached
Trade closed --- perfection!
- Falkor
"I pray to the liquidation gods daily"
"I pray to the liquidation gods daily"
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.