Rethinking eurcad trade for now .
I want a better , safre entry and a ocnfirmation that the trned is in fact reversing.
So I am going to wait for a double confirmation entry of both the rsi rapoid , and 30 sma (big green line)
I will sell 75 pips lowerr than the lower of the two trigger( one form rsi and one from 30 sma).
If this does play out downside target 1.4800 ( bottom of channel). So even if we wait for confirmation and get in trade at 15280 there is still 480 pips to be had.
I want a better , safre entry and a ocnfirmation that the trned is in fact reversing.
So I am going to wait for a double confirmation entry of both the rsi rapoid , and 30 sma (big green line)
I will sell 75 pips lowerr than the lower of the two trigger( one form rsi and one from 30 sma).
If this does play out downside target 1.4800 ( bottom of channel). So even if we wait for confirmation and get in trade at 15280 there is still 480 pips to be had.
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