Long EURCAD within this channel

Hi everyone, Falkor here. I've been trading crypto for over a year now and, thanks to a friend, decided to diversify into Forex.

Here is my first position which I've opened based on the EUR/CAD forex pair.

My reasoning for longing here is the following:

1. Over-sold on the RSI
2. Falling wedge
3. Hit bottom support within the wedge

Not offering any type of financial or trading advise, I simply wanted to share my thoughts with the community.


Trade safe out there!

Kommentera:

Looks like the idea is playing out nicely so far!

Kommentera:

Going to close this trade shortly, RSI starting to look a little overbought

Trade stängt: målet nått:

Trade closed --- perfection!