EURCAD
TRADE PARAMETERS
Pick Date : 03/26/18
Entry : 1.6041
Stop : 1.6061
Target : 1.5780
TRADE STRATEGY
Income Type : Swing
ENTRY
1.6041 is a new 1H demand zone . Will be doing a set and forget limit order. One can enter in the zone at 1.6032 just use risk management and position size accordingly with the suggested stop. Price will need to have a strong move into the zone.
STOP
1.6061 is 20 PIPs right outside of the high for some protection.
TARGET
1.5780 is 260 PIPs down in a fresh 8H supply area with a 1H supply zone nested. Price will struggle to break the first test.