Another H&S setup, this time on the EURCAD.
Price has broken below previous support, so a good opportunity to go short.
Stops above yesterday's high, targets at July lows.
Enter short market.
Price has broken below previous support, so a good opportunity to go short.
Stops above yesterday's high, targets at July lows.
Enter short market.
Trade closed manually
No clear follow-through by the market, would rather close at breakeven and save my bullets for the next signal.I can't handle trades that do not immediately start to trend - a trait which has served me well. A trader's Number One priority is to protect capital.
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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.