Trade Recommendation: EURCAD | Hacked: Hacking Finance
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Analysis

Trade Recommendation: EURCAD

Posted on .

Trade Recommendation: EURCAD

Introduction

This article was posted on Tuesday, 15:33, UTC.

Based on the daily chart we can see that the price bounces from 1.50000 resistance level. Probably this is a new swing high and it’s lower than the previous one. It’s a signal that we must be ready to a new downward movement. We can draw a downtrend line based on these highs. RSI confirms price reversal from the resistance level. We have sell opportunity.

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Place pending orders for sell below 1.49150 with stop orders above 1.50200 level. Profit targets are at the support levels. If this trade recommendation is activated, the previous recommendation for this market must be ignored. The pending orders for buy should be deleted manually. Recommended trading volume for this trade is up to 3% from your deposit.

Sell: 1.49150
Stop: 1.50200
Profit Targets: 1.48150 and 1.47150

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Dmitriy Lavrov

Dmitriy Lavrov

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.

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