EUR/CAD - 1D - Fakeout and return to equilibrium - Consolidation
Eur cad is proving to be stubborn here,
a perfect example of a long term consolidating trade, entry was October 2nd after the pairs secondary fakeout it looked as though equilibrium was going to be reached through November before consolidation hit us again, perfect opportunities are present to long this pair on a fib retracement of 78.6 or 88.6
if the bearish wave continues and breaks the secondary fakeout with a strong bearish candlestick we will close the trade
Be patient, my trades can take anywhere between 3 - 30 days to complete, we are trading high probably setups here. Drawdown will present no problems with my system if you use the correct Risk management strategy for your account size.
Good luck :)
a perfect example of a long term consolidating trade, entry was October 2nd after the pairs secondary fakeout it looked as though equilibrium was going to be reached through November before consolidation hit us again, perfect opportunities are present to long this pair on a fib retracement of 78.6 or 88.6
if the bearish wave continues and breaks the secondary fakeout with a strong bearish candlestick we will close the trade
Be patient, my trades can take anywhere between 3 - 30 days to complete, we are trading high probably setups here. Drawdown will present no problems with my system if you use the correct Risk management strategy for your account size.
Good luck :)