EURCAD SHORT EURCAD Set-Up
Bearish Arguments:
Monthly PCH is being respected
Monthly Bearish FVG being respected
Monthly swing high has been swept
Weekly swing high is being respected
Daily Bearish FVG is being respected
Daily swing high is being respected
4H swing high is being respected
Bullish Arguments:
Weekly swing low is being disrespected
Daily swing low being respected so far
4H Bullish FVG being respected
4H swing high being respected
As observed, the bearish probability is around 70%, while bullish odds stand at 30%. For this reason, risk management is crucial.
Trade Management:
Stop-loss placed at the short-term high.
First TP set at SellStop. Once this level is reached, move the SL to break-even (BE) and hold until the final target is reached.
Risk-to-Reward (RR): 2.45
Risk: 2%
