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Eurcadsell

EURCAD - SELLTrend conntinuation/VSA Trade - On the 14th of Aug there was a high volume of supply that came in on the 4hr timeframe which sent price dropping well over 200pips, we now have a 38.2% retracement of that move where price has just put in a VSA Trap Upmove which rejected the 50ema and engulfed the last 40hrs of trading. I'm expecting price to trade lower to it's next key level of 1.45000 where I'll be taking partial profits and moving stops to breakeven and if price should break that key level I'll expect it to drop further to 1.43990.
Short
by lonelytrader
Possible EUR/CAD short position!!SMP TRADING SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY Chart time frame - H4 Timeframe - 4-12 Hours Actions on - A – Activating Event Market will meet resistance in zone @ current levels - .... and fall to the 1.463. In order to enter, the pair MUST be in line with my Entry Procedure.... B – Beliefs Market move towards the first Target 1 level @ 1.463 FX:EUR/CAD Trade Management Entered @ ..... Stop Loss @ ..... Target 1 @ 1.463 Target 2 @ .... Risk/Reward @ 1.5.1 Happy trading :) Follow your Trading plan, remain disciplined and keep learning !! Please Follow, Like,Comment & Follow This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by SMPTrader
1