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EURCAD Bearish Shark And Short Opportunity Update: TP2 Reached

EURCAD Bearish Shark And Short Opportunity

Description of the pattern: EURCAD is printing a Bearish Shark Pattern on the H1 Chart. A bearish reversal is predicted at D.

Trade: Short

Time Frame: H1

Trade Period: Intraday / Scalping

Estimated completion time: 6-20 H1 Candle Sticks

The trend in the Timeframe: Bullish

The trend in the Daily Chart: Bullish

Trade Based On Bearish Shark Pattern

The accuracy of the pattern: 91%

Recommended Lot Size: 0.10 at 10K

Trade: Short

The Area Of The Entry: 1.51905 – 1.52080

Stop Loss: 1.52300

Target 1: 1.51670 / Reached

Target 2: 1.51400 / Reached

Target 3: 1.51100

Extended Targets:

Note: We close 50% of the positions and move SL to entry.

You can follow the trade: EURCAD Bearish Shark

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

EURCAD: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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