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Technician
Nov 6, 2013 6:54 PM

EURCAD Bear Flag Short Setup Short

Euro Fx/Canadian DollarFXCM

Description

Update: Closed at minor profit
Profit/loss(pips)= +20

The price consolidation forms a perfect bear flag formation, a break below the flag support may signal the continuation of the bearish wave.
Comments
Japsian
now im believing my colleague , he always saying follow technical, fundamental is just a sign to make a better timing for entry .
, my self also i didnt deal on EUR , i was on USDJPY and was a good profit
if i trust my technical which it was screaming to sell EUR i was in excellent profit :) ..
getting ready for NFP :)

great call Technician
Technician
Thanks, I missed My profits :S
Technician
Decided to close ahead of rate decision, as we may spike higher on steady rate.
Japsian
EUR is really dead , even ECB make it Bullish will go back short very quick . maybe is better make more space for SL
Technician
Hope will get lower ahead of ECB Meeting, so i get further room.
Masry
Do you think we might hit TP this week?
Technician
i think we will hit tp or stop loss today, as the ECB meets.
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