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jackfullerton10123

2h EURCAD SHORT: Potential Trend Reversal Incoming

Short
Euro / Canadian Dollar (FX:EURCAD)  
jackfullerton10123 Updated   
FX:EURCAD   Euro / Canadian Dollar
Trend Analysis Double Top or Bottom Moving Averages
3
0
trendanalysis doubletoporbottom movingaverage
Seeing a break in trend with Analysis shown. Recommended to wait for price to close convincingly below the Moving Average before trading. Once I see signal I will decide on best SL and PL's.
Trade active:
Strong entry signal received, going for PL1: 1.52101 & PL2: 1.50952. Base your SL on that Resistance zone (highest high before reversal),entry position & Risk management strategy.
Trade closed manually:
Price seems to be meeting some resistance on structure level, Waiting for a re-entry opportunity if price closes below structure (1.53104)
Comment:
Side note: Waiting for price to close below structure in the initial entry would have been safer. Still believe that it is on the way down however it's best to be careful and get the additional confluence.
Trade active:
Reentered as price closed below structure giving extra confluence. SL: 1.53595, TP1: 1.51988, TP2: 1.50970
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