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EURCAD Bullish Shark Pattern and Long Opportunity Update: TP2 Reached

EURCAD Bullish Shark Pattern and Long Opportunity

Description: We have a short trade on EURCAD. The pair would be completed a bullish shark pattern at D -88.6% retracement -. A bullish correction is predicted. ( BoC Monetary statement will be announced tomorrow, a risk of volatility )

Time Frame: H4

Trade Period: Intraday

If the pattern becomes validated estimated completion time: 2-5 H4 Candle Sticks

The trend in the Timeframe: Bearish

The trend in the Daily Chart: Bearish

Trade Based On Bullish Shark Pattern

The accuracy of the pattern: 80 %

Recommended Lot Size: 0.10 at 10K

Trade: Long

The Area Of The Entry: 1.51400 – 1.51200

Stop Loss:  Below 1.51000

Target 1: 1.52000 / REACHED We move SL to entry and close 50% of the positions

Target 2: 1.52800 / Reached 

Target 3: 1.53200

You can view the setup: EURCAD Bullish Shark Pattern

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

EURCAD Bullish Shark 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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