EURCAD retracement seems to be at an end

Price broke significant daily support on 25th of September and continued downwards making a LL. There followed a retracement that might be at an end after closing in on an upper down trending channel line at a resistance and making double top pattern on HTF and BOS on LTF. SL is above previous highs. TP is wider than I would usually use, but with swaps in my favor not a problem for leaving the trade open for longer.

Trade closed manually

I closed this trade for a small profit after looking at a HTF (mostly weekly) that showed strong bullish pressure. Despite the change in structure on LTF I believe the price will continue it's push to the 1.50 level which is why I closed this trade and opened a reversal. I'm not going to post a new trade since I don't want to spam to much but the specs are entry 1,46331 SL 1,45795 TP 1,48117 for a 3,3 RRR.

Note

Weekly SC (erase the space after first .): https://www. tradingview.com/x/HifCCdTS/

vitowodenik

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vitowodenik