EURCADs mating call
[In the voice of Sir David Attenborough]
"In the untamed world of forex, the Euro, once dominant, has overreached, flaunting its strength. But now, the Canadian Dollar lies in wait, sensing the Euro’s exhaustion. Like a predator stalking its prey, the CAD strikes back, triggering the Euro’s retreat. The market, once overheated, begins to cool, as the Euro falters under the pressure. This is the natural rhythm of the trading jungle—where fortunes shift, and power is fleeting. In this moment, the CAD prevails, restoring balance in the ever-changing dance of the market."
"In the untamed world of forex, the Euro, once dominant, has overreached, flaunting its strength. But now, the Canadian Dollar lies in wait, sensing the Euro’s exhaustion. Like a predator stalking its prey, the CAD strikes back, triggering the Euro’s retreat. The market, once overheated, begins to cool, as the Euro falters under the pressure. This is the natural rhythm of the trading jungle—where fortunes shift, and power is fleeting. In this moment, the CAD prevails, restoring balance in the ever-changing dance of the market."
Trade active
Dear Followers! I feel compelled to update you on my current open trades, as I've been rather quiet over the past few weeks. Rest assured, I’m still actively trading, though the markets have been somewhat slow in my view, particularly until yesterday's FOMC meeting. I haven't found optimal opportunities to close my positions, which is why they remain open. Currently, I’m hedged on EURCAD, with a slight bias toward the buy side. I anticipate there may still be some upward movement before we see a potential shift in direction to the downside. For transparency, my breakeven point for sell positions stands at 1.49966, while for buy positions it is at 1.51293. My tp for the buys is set at 1.5200, where I plan to initiate another sell, anticipating a reversal to the downside. If the market moves contrary to this expectation, I’m prepared to hedge again 50 pips higher. Stay strong, traders! The market rewards those who have patience!Note
Absolutely no idea what to do with my mess on this trade. I am currently still hedged in drawdown. Thankfully, I am in no rush to make any decisions. At this moment, I have no idea what to do and will probably just let the trades float. Trade closed manually
Closed this trade with a loss that was covered with a win on EURUSD.
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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.