EURCAD Short Trade Setup
Updated
Hello Traders.
It looks like a weekly corrective structure is in the making. To completion of this correction it needs to go down. Selling after breakout can be very good trade. We have also a completed Gartley pattern and the target for drop will be 1.36500
It looks like a weekly corrective structure is in the making. To completion of this correction it needs to go down. Selling after breakout can be very good trade. We have also a completed Gartley pattern and the target for drop will be 1.36500
Note
You can find detailed video analysis in Twitter. The link is in profile page.Note
First trade stopped out with break even and now there is another chance for short trade. Structure is still same. Selling after breakout looks like a good idea. I have an entry order at 1.56500 with 1.56900 stoploss. Note
The structure between aqua lines looks like an expanding flat. If this is the case, it will go up one more time. Still, I believe that it wont break previous top, but trade is riskier now. Trade closed: stop reached
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