EURCAD 1 H made a beatiful sharp drop, now stalling arround some good support levels.
When such a drop happens with no pullback formed yet I'm happy to buy the way down.
Because the pullback has to come soon buyers step in at the support levels.
My plan is simple I open a manual grid at the support levels I draw and aim for a 2R profit
Current grid 3 levels
1 market order
2 buy limits
Tp 2R
extra confirmation RSI is oversold
When such a drop happens with no pullback formed yet I'm happy to buy the way down.
Because the pullback has to come soon buyers step in at the support levels.
My plan is simple I open a manual grid at the support levels I draw and aim for a 2R profit
Current grid 3 levels
1 market order
2 buy limits
Tp 2R
extra confirmation RSI is oversold
Trade closed: target reached
Grid 1 activatedGrid 2 activated
Grid 3 activated
TP reached +2R
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.