✅EUR_CAD is going down currently
As the pair broke the long-term rising support
Which is now a resistance, and after the pullback
And retest, I think the price will go further down
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Based on technical factors there is a Buy position in :
📊 EURCAD
🔵 Long Now 1.4241
🧯 Stop loss 1.4035
🏹 Target 1 1.4477
🏹 Target 2 1.4670
🏹 Target 3 1.4907
💸RISK : 1%
We hope it is profitable for you ❤️
Please support our activity with your likes👍 and comments📝
For the last couple of months, the EUR has maintained a weak position against many of its trading partners. This includes the Canadian dollar.
The Canadian dollar has benefitted immensely from the high cost of crude, in addition to the Bank of Canada (BoC) moving much faster than the European Central Bank (ECB) to start hiking interest rates in the face of...
Hi traders,
Keep an eye there for short term buy setup then we have to watch for sell setups.
If the price will drop down earlier watch for continuation to the downside.
Hi! Guy's___
Please Follow Money management & Ricks Ratio.
Happy Treading ...
Contact Me If you want to your Account Management/
Emai;" morshedulmunna1@gmail.com
Bearish on the EURCAD
Pattern Identification
Price went up to 1.5150 late last week to complete the bearish Bat pattern.
It also formed a rising wedge (reversal) pattern and broke below
RSI forming a bearish divergence
Trade execution
Took a short trade after price went below the lows at 1.4953.
Stops are still currently above the 1.50 mark at...
Initial Move Away does not meet 5:1+ rule, but given the bull trap set up and the fact that price did move a good distance away from this area makes this a high probability set-up.
