AdamHong

EURCAD: Sell at the Confluence of 0.618RET and 2.618REXT

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AdamHong 已更新   
FX:EURCAD   歐元 / 加元
The 0.618RET of prevous deciline is at about 1.522 and the 2.618REXT of previous drop is at 1.515.
Meanwhile the Supply Zone also works at 1.516-1.522 levels and the previous high point is a resistance.
Additionally, the RSI has been divergent already.
So it is good to sell at 1.516-1.522 levels when price action gives signals in the PRZ.
SL: above 1.533
TP1: 1.482
TP2: 1.460
TP3: 1.419 and further more
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Very nice, 700 pips were taken.

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