EURCAD SELL IDEA

2 days ago

Sell: 1.4800-4830
SL: 1.4870
TP1: 1.4700
TP2: 1.4650

For additional confirmation wait for price action on min H1 OR H4.

OR

Look for regular divergence on lower time frame or hidden divergence from the sell zone.

This would add to the probability of the trade idea.

2 days ago

Trade active

Price reached the sell zone, aggressive traders can sell and conservatives can wait for confirmation as mentioned in the original plan.

yesterday

Note

This trade setup has already given multiple confirmations, high probability sell trade is active,

You can still enter if you havent (1.4775-1.4800), conservative sl 1.4770 and tight aggresive sl 1.4735.

Aim till min 1.4700 tp1 to 1.4650 tp2 and keep remaining lots 10-20% (optional) and aim till around 1.4600.

15 hours ago

Note

UPDATE: As long as 1.4850 holds the sell trade idea and trade is still valid, hold the trade and those looking to enter now can take entry at break down of 1.4810 level (H4 Inside Bar Break-out).

12 hours ago

Note

UPDATE: Price is just under 1.4850 as i type, it was an extremely high probability setup but for now seems to come close to the original SL. That is why money management is important, no matter how good the trade setup looks always risk what you can afford to lose. Hold the trade if you're in, i will monitor closely, if there is stop hunting going on and they take out SL @ 1.4870 without h4 candle close above it and prints a bearish reversal price action then i may enter again.

9 hours ago

Note

Price missed my SL by less than HALF a pip, trade is still active for me so far, sl is in place, if it hits so be it, consider as a good sl. I have placed a new entry based on H4 200 ema rejection (have posted eurcad 02 re-entry) trade idea that you could follow.

2 hours ago

Trade closed: stop reached

Unfortunately my very first trade idea on Tradingview hit SL. :/
It was a high probability trade and did go in favor initially and then went up north against the plan.
I have shared another sell Entry trade setup.