Currency Pair: EUR.CAD Time Frame: Daily, 4hr, 1hr & 5min Predicted Direction: Long
EUR.CAD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
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I have received a number of messages in regards to this position. This setup is a Day trading opportunity and not a Swing trade.
2. Do you think we should close if the price happens to fall through the ascending triangle / reverse head and shoulder pattern (with the origins being the double bottom at 1.500 on the 5 and 60min charts? Or a breach of the last trough at approx. 1.5087? Otherwise where should I set my SL (because I'm about to go to bed)?
2. Do you think we should close if the price happens to fall through the ascending triangle / reverse head and shoulder pattern (with the origins being the double bottom at 1.500 on the 5 and 60min charts? Or a breach of the last trough at approx. 1.5087? Otherwise where should I set my SL (because I'm about to go to bed)?