EURCAD SELL Swing Trade Idea (LIMIT)
EURCAD - SELL Swing
--------------------------------------------------------------------------------------------------------------
Price has been in a downtrend for a quite some time. Last week, price has rallied earlier on just to decline heavily. This was because of receiving new sell orders at heavy supply zone above. Price will now return to that zone because not all the orders were filled when price went to that zone. Now it will have its first touch of that zone and we usually say first touch to any zone is the highest profitability trade one can ever have.
Hence why trade idea, we now have.
Sell Limit @ 1.50059
SL: 50 pips
TP: 1.45786
R:R Ratio of 1:8
That's all for now
Take care until now beloved!
--------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------
Price has been in a downtrend for a quite some time. Last week, price has rallied earlier on just to decline heavily. This was because of receiving new sell orders at heavy supply zone above. Price will now return to that zone because not all the orders were filled when price went to that zone. Now it will have its first touch of that zone and we usually say first touch to any zone is the highest profitability trade one can ever have.
Hence why trade idea, we now have.
Sell Limit @ 1.50059
SL: 50 pips
TP: 1.45786
R:R Ratio of 1:8
That's all for now
Take care until now beloved!
--------------------------------------------------------------------------------------------------------------
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.