EURCAD – Short at top of the range – the week of 20 June, 2022
It is obvious that:
This pair is in a down trend,
Recently, price has been in a range (consolidating) between 1.3750 and 1.3390.
Taking a short at the top of the range would be a high probability trade that is in line with the major trend. This what I intend to do with target just above 1.3390. Even with a generous stop, this has the potential to provide a +3R trade.
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Always use sound money and risk management and stay patient in all your trades.
This pair is in a down trend,
Recently, price has been in a range (consolidating) between 1.3750 and 1.3390.
Taking a short at the top of the range would be a high probability trade that is in line with the major trend. This what I intend to do with target just above 1.3390. Even with a generous stop, this has the potential to provide a +3R trade.
If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications.
Always use sound money and risk management and stay patient in all your trades.
Operación activa
This trade has not triggered yet, price did not retrace up to 1.3750. My pending order is still active and I will close it the next week if not activated.Orden cancelada
Price moved just as I expected but unfortunately did not trigger for me. I learnt a long time ago not to chase price.
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.