Setup:
It was noted that EURCAD could be dropping to 1.48 handle
Our setup is complemented by the following:
1. Multiple timeframe analysis
2. Divergence
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 1.52636
SL: 1.54695
TP: 1.50813
Trade 2:
Entry: 1.52636
SL: 1.54695
TP: 1.48086
It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.
Risk & Reward:
Total Risk:
2% or 402 PIPS
Total Reward:
3.2 % or 640 PIPS
Good Luck :-)
It was noted that EURCAD could be dropping to 1.48 handle
Our setup is complemented by the following:
1. Multiple timeframe analysis
2. Divergence
Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 1.52636
SL: 1.54695
TP: 1.50813
Trade 2:
Entry: 1.52636
SL: 1.54695
TP: 1.48086
It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.
Risk & Reward:
Total Risk:
2% or 402 PIPS
Total Reward:
3.2 % or 640 PIPS
Good Luck :-)
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.