FX:EURCAD   Euro / Canadian Dollar
This pair hit a huge resistance zone last week and rejected my EMA on the daily chart .

A move to the downside is now expected.

Trade safe and good luck!
Comment: I’ve now moved my SL to EP. A risk free trade now :)
Trade closed manually: + 50 PIPS.
Defected! LOL! May pay for this but dare to be a tiny bit wrong.

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I changed my mind. I may be wrong but I'm seeing something else. Bailed out with profits.
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Now in the kill zone! No luck required. Only estimate probability and limit loss.
+2 Reply
Unlucky trade
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masumhussain Charlieab94
@Charlieab94, still in play :)
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Based on an alternative analysis on 6H time frame, I see probabilities greater for the south on lower time frames.
+1 Reply
masumhussain Captain_Walker
@Captain_Walker, yes captain! You the man :)
+1 Reply
Captain_Walker masumhussain
@masumhussain, I'm so happy you shared this position with the community. I've got two positions sizes short on this, both in positive equity. Importantly - we used different methodologies to assess probability but the outcome is good so far. More traders should work together and share different perspectives on the same setups. I think that helps.

But EURCAD is a violent pair, so expect surprises. The important thing with this setup is not to lose. Even a minimal gain is better than a loss of any kind. :)
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