Shorting the EURCAD, price within Weekly supply range.
Price has reached a weekly supply level.
Break of trendline indicates loss of momentum, sell orders are filling in.
Short limit order placed.
Will keep this post updated.
Break of trendline indicates loss of momentum, sell orders are filling in.
Short limit order placed.
Will keep this post updated.
Trade active:
Limit order triggered. I''ve boarded the train.
Comment:
Price action to be forming inside day candle/piercing pattern for the past 4 days. This indicates an equilibrium of supply and demand. Lets see who causes the imbalance first.
Trade closed: stop reached:
Price went higher after the pennant broke. Turns out wk supply had too much wick.
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