Hey folks, We have now entered EURCAD buy based off a 1H 50 Bounce ( first pullback to the 50 EMA after 13/50 cross): Price @ 1.52316 SL @1.52116 TP @1.52516 1/1 RR 1% risk on this position Keep in mind, if price CLOSES BELOW 13 EMA we're going to take a scratch and close the trade! Confluences: - 13/50 cross - 25-50 pip pullback - Market Baseline (yellow...
Waiting for confirmation candle on the SR for short trade
We closed a daily candle above the inverse HS for confirmation. Make sure risk/reward is 2:1 or higher
EUR/CAD has broken the 50 ema and found support on top of it. We can expect the move to continue up higher as long as the 50 EMA holds as support. First TP: 1.5295 Second TP: 1.5345 Third TP: 1.5395
strong resistance above going short Sell @ 1.5135 TP @ 1.4805 +340 pips SL @ 1.5219 -72 pips
EURCAD is alos approaching resistance where we expect a drop below this level
EURCAD is in uptrend since 29th June and now at good buy level. I am expecting to go price near to 1.53000-1.53500 zone for good risk reward ratio.
EURCAD Sell Trade Idea:: SL and TP on the Chart:: This Is A Nice Sell Opportunity To Look For Sell Set-Ups (Setting Up Nicely For A Long Term Trade). This Can Also Act As A Nice Entry ((But For A Quick Profit))
Technical Analysis i) The lows at the end of May kissed the .236 fib level producing a substantially large wick, an indication that the bears are losing momentum. ii) This was followed by a strong Bullish Pin Bar which printed on the .5 fib level suggesting that the May lows (.236 fib level) had a strong potential to be a reversal for the short term. iii) We...
Selling EURCAD at CMP or after a minor pullback based on price action and indicator signal.
Another Trend Continuation Trade EURCAD ! Looking For An Uptrend Continuation! However, trade with caution, this pair has been eratic of late.
I was stopped out from my set up to counter trend trade this pair. Well, I'm disappointed but losing is part of trading and as long as I know how to manage my own risk on every trades, I'm ok with it. I'll keep watching on this pair if the price can break the resistance level and wait for price action on the pullback to take long position. If this pair does not...
Counter Trend Trade. My idea is to trade the pullback at least to the first bear fractal on the 4H chart. Daily chart shows a big bullish candle and the price may still goes up touching the top line of the resistance level. My psychological resistance level is based on the resistance level in 2016 previously. Why I take this trade is because the inverted hammer is...
Previous resistance becomes support and 0.618 fib has been tested on the daily time frame. great opportunity to stay long on EURCAD.
Using the Daily chart trend, I'm expecting a strong sell on EURCAD.
I've been disgustedly inactive due to hectic school schedules as well as slow internet connectivity. For that, I will be publishing my rationale on why I entered the following trade. For the past days, I've been obsessed with Canadian Dollar pairs. If this Forex pair does break the graphed line, it may possibly dip to the 1.42500 area.