2h EURCAD SHORT: Potential Trend Reversal Incoming

Seeing a break in trend with Analysis shown. Recommended to wait for price to close convincingly below the Moving Average before trading. Once I see signal I will decide on best SL and PL's.

İşlem aktif:

Strong entry signal received, going for PL1: 1.52101 & PL2: 1.50952. Base your SL on that Resistance zone (highest high before reversal),entry position & Risk management strategy.

İşlem elle kapatılmış:

Price seems to be meeting some resistance on structure level, Waiting for a re-entry opportunity if price closes below structure (1.53104)

Yorum:

Side note: Waiting for price to close below structure in the initial entry would have been safer. Still believe that it is on the way down however it's best to be careful and get the additional confluence.

İşlem aktif:

Reentered as price closed below structure giving extra confluence. SL: 1.53595, TP1: 1.51988, TP2: 1.50970