On December 19 2023 I posted on social media @AidanFX  ” Sold EURCAD at 1.4655 Stop Loss at 1.4685 Target at the 1.4595 – 1.4565 area.” SELL Trade Setup 1. Price grabs buyside liquidity faking out buyers. (Black line) 2. Bearish Accumulation, Manipulation, Distribution pattern. (Purple,Yellow, Blue boxes) 3. Price forms a bearish divergence pattern after grabbing buyside liquidity adding more confidence the pair will move lower. (Red line) 4. Price breaks below internal structure higher low (Blue line/MSS Market Structure Shift) signalling bullish weakness and a shift for bearish strength. 5. Price pullsback to FVG/Fair Value Gap (Brown) where sell was triggered. EURCAD 15 Minute Chart December 19 2023 EURCAD 15 Minute Chart December 22 2023 Price made a pullback to the supply zone (Gray box) and respected this zone which triggered the 2nd sell entry (Blue) at 1.4638 with stop loss at 1.4668 and target at 1.4578. EURCAD 15 Minute Chart December 26 2023 A 2nd bearish Accumulation, Manipulation, Distribution pattern forms and sends price lower to the proposed targets. EURCAD moves lower and hits the 1:3 Risk/Reward target 1.4565 for the first entry (Green) and also hits the 1:2 Risk/Reward target 1.4578 for the 2nd sell entry (Blue) for over +150 pips combined. (Approximately +5.5% gain risking 1% on every trade) A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup. If you followed me on social media you too could have caught the EURCAD move lower. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100%, is that we are RIGHT more than we are WRONG. Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade.  Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX At Elliottwave-Forecast we cover 78 instruments (Forex, Commodities, Indices, Cryptos, Stocks and ETFs) in 4 different time frames and we offer 5 Live Session Webinars everyday. We do Daily Technical Videos, Elliott Wave Trade Setup Videos  and we have a 24 Hour Chat Room. Our clients are always in the loop for the next market move. Try Elliottwave-Forecast for 14 days !!!   Just click here –> 14 day trial

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