Hey Traders,
Good morning, hope your week is started off amazing just as mine has.
There isn't much on my radar this morning except for some pattern formations. Today on EURCAD we have a Bat formation coming back down to previous support. If you ask me truthfully, I think that if price comes back down, it might be coming down to break that level of support. However, this is the thing about trading that I have learned. I will never truly know exactly what the market might do, but i do know what has a probability of happening. So since I at least know that, I will play those odds. I have no idea the odds are of my speculation so I wont trade that. Makes sense right?
So if price comes back down we will be looking for a long opportunity with stops below X and targets at the fib retracements.
If you guys have any questions feel free to comment below
Good morning, hope your week is started off amazing just as mine has.
There isn't much on my radar this morning except for some pattern formations. Today on EURCAD we have a Bat formation coming back down to previous support. If you ask me truthfully, I think that if price comes back down, it might be coming down to break that level of support. However, this is the thing about trading that I have learned. I will never truly know exactly what the market might do, but i do know what has a probability of happening. So since I at least know that, I will play those odds. I have no idea the odds are of my speculation so I wont trade that. Makes sense right?
So if price comes back down we will be looking for a long opportunity with stops below X and targets at the fib retracements.
If you guys have any questions feel free to comment below