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EURCAD Black Swan Projection on the H1 Chart Update: Trade Closed with 320 Pips

Long Trade Hits The Target. Short will be activated soon.

EURCAD Black Swan Projection on the H1 Chart

EURCAD Bearish Black Swan Projection

CHART TIME FRAME: H1

PATTERN / INDICATOR: Bearish Black Swan Pattern

PROJECTED PRICE ACTION: EURCAD will complete Bearish Swan Pattern at 1.57000.

TRADE: LONG

ENTRY: 1.55330

STOP: 1.55000

TAKE PROFIT: 1.56800

When the price reached the target. We will look for a retracement.

ENTRY:  1.56900 – 1.56800

STOP LOSS: 1.57500

TAKE PROFIT 1: 1.56200

TAKE PROFIT 2: 1.55000

WHAT TO PAY ATTENTION: To enter the Short trade, wait for the price reaches the area of entry and close below.

UPDATE: LONG TRADE reached the target. We generated 130 pips from Long Trade.  Price is very close to the area of short entry.
UPTADE: SHORT TRADE Reached the target. We generated 190 pips profit.

Total Profit Generated: 320 Pips

 

Good Luck

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EURCAD Bearish Black Swan Pattern :  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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