EURCAD BUY SWING
Updated
Looking to go long on EURCAD after a tap at the 1H Demand Zone that's in confluence with the 1.3800 Psychological Level. I'll take 70% partial profits at 1.42336 and liquidate my entire trade at the 1.4400 Psych. Level that's in confluence with the Daily Supply Zone.
Trade closed: stop reached
Price pushed pass my SL, resulting in a forced liquidation of the trade. It seems that bears were still very much in control of the trend. What we can learn from this trade is that you shouldn't fight with the trend. Yes, a reversal trade gives a higher risk to reward but trading with the trend will provide a higher chance of a profitable trade.
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