EURCAD: Sell at the Confluence of 0.618RET and 2.618REXT
Updated
The 0.618RET of prevous deciline is at about 1.522 and the 2.618REXT of previous drop is at 1.515.
Meanwhile the Supply Zone also works at 1.516-1.522 levels and the previous high point is a resistance.
Additionally, the RSI has been divergent already.
So it is good to sell at 1.516-1.522 levels when price action gives signals in the PRZ.
SL: above 1.533
TP1: 1.482
TP2: 1.460
TP3: 1.419 and further more
Meanwhile the Supply Zone also works at 1.516-1.522 levels and the previous high point is a resistance.
Additionally, the RSI has been divergent already.
So it is good to sell at 1.516-1.522 levels when price action gives signals in the PRZ.
SL: above 1.533
TP1: 1.482
TP2: 1.460
TP3: 1.419 and further more
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Comment
Very nice, 700 pips were taken.
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