EURCAD long trade scenario [Short term trade]
Scenario:
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The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
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- Resistance Area breakout
- wait for the price to bounce off from the resistance area which become support area
- wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , etc
- Initiate BUY order
/!\** Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
Trade ist aktiv:
the first target reached, the second is not so far.
SL to break Even. wait and see, patience is virtue.
SL to break Even. wait and see, patience is virtue.