EURCAD - Bearish trade setup - 10 R:R

27 feb 2020

I am predicting that the eurcad will make a strong bearish move. It has made a very strong bullish move recently. According to my analysis it has reached and traded through an important zone, and is now coming back down from that zone.

Also, the market is in a bearish trend on higher timeframes.

27 feb 2020

Nota

Current stop loss order placement is tight. If you would like to increase your probability of not being stopped out by volatility/market noise, make more room. R:R then decreases, but I am very optimistic of my TP being hit.

27 feb 2020

Nota

The market has made a very strong bullish move recently.

The market has reached an important zone on the upside, touched that zone, and I am now predicting a strong bearish move.

The market is in a downtrend on higher timeframes, and according to my analysis, this bullish recent move is a pullback, before the market continues down again.