Euro / Dollar KanadaPembelian
EURCAD - Descending Wedge 4 Hour Chart - Pending Buy
Greetings Traders,
In correlation with our anticipated USDCAD move...I've spotted a descending wedge on EURCAD that is trade-able.
Due to the nature of the peaks however, to avoid any false breakouts I've set the following trade:
Pending Buy Stop 1.43550 - Or Manual Entry Along SUPPORT
Stop Limit 1.4250
Target Profit 1.4640
Straight forward trade, as I mentioned above the peaks for the top of the wedge are kind of sloppy but uniform...it was almost 2 acceptable lines and we're in between both of them currently. If the market should move much lower before hitting the Buy Stop for a new high, I will be looking to manually enter a buy at 1.4240 (or wherever the support is at that time. 100 pip stop loss and same take profit.
Please do your own analysis before entering a trade. Feel free to comment/"like" or follow.
In correlation with our anticipated USDCAD move...I've spotted a descending wedge on EURCAD that is trade-able.
Due to the nature of the peaks however, to avoid any false breakouts I've set the following trade:
Pending Buy Stop 1.43550 - Or Manual Entry Along SUPPORT
Stop Limit 1.4250
Target Profit 1.4640
Straight forward trade, as I mentioned above the peaks for the top of the wedge are kind of sloppy but uniform...it was almost 2 acceptable lines and we're in between both of them currently. If the market should move much lower before hitting the Buy Stop for a new high, I will be looking to manually enter a buy at 1.4240 (or wherever the support is at that time. 100 pip stop loss and same take profit.
Please do your own analysis before entering a trade. Feel free to comment/"like" or follow.
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.