Expecting EURCAD to break the up trendline anytime..given bearish cypher is seemed to have completed @ 1.4960..unless it transition into a bat @ 1.5110..
if indeed the break happens within next 12-24 hours, then this wave down shall be the CD leg for potential bullish 5-0 in the making
Therefore, this pair presents 2 excellent opportunities back to back..with the first - to Short once signal is confirmed with TP @ 1.4370-1.44 area & SL @ 30 pips above C, and the second -to Long after this pair successfully reached 1.44 and lower..
if indeed the break happens within next 12-24 hours, then this wave down shall be the CD leg for potential bullish 5-0 in the making
Therefore, this pair presents 2 excellent opportunities back to back..with the first - to Short once signal is confirmed with TP @ 1.4370-1.44 area & SL @ 30 pips above C, and the second -to Long after this pair successfully reached 1.44 and lower..
Trade active
Shorted at 1.5150 with stops @ 1.52.Trade active
TP at 1.44..a whopping 750 pips potential with 50 pips stops...if this pans out, an indecent 15x RR ratio..Note
I have moved my stops to breakeven..technically, im playing on bankers monies now..
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.
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.