EURCAD H1 OVERVIEW
Price created a bearish head and shoulders formation, volume in bearish candles is higher as confirmed from breakout of OBV indicator.
50-sma cap the price, there is a high chance that price reverses trend and touch take profit.
Use money management.
Risk 1% of your capital for this trade
Price created a bearish head and shoulders formation, volume in bearish candles is higher as confirmed from breakout of OBV indicator.
50-sma cap the price, there is a high chance that price reverses trend and touch take profit.
Use money management.
Risk 1% of your capital for this trade
Note
Half position closed at breakeven.It is better to reduce risk because eurcad is having a sideways market now and has not had a strong bearish reaction as expected.
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.