EURCAD short - 10 November 2016

FX:EURCAD   Euro / Canadian Dollar
60 0 4
- Back to trading after finalisation of US election
- Long shooting star formed after bursting through 1.492 daily resistance area
- Gap created on the 7 Nov remained unclosed, proves bear defending that price area

- Sell stop placed 15 pips below the long shooting star low @ 1.4570

- About 10 pips above the long shooting star open @ 1.4660

- TP set at a possible support @ 1.4378
- TP2 can be seen at 1.427 area

- Hopefully the post us election price action wont be as volatile after bear momentum kicks in
Comment: Updates - 11 November 2016:
- Trade not yet triggered
- No much movement from yesterday session
- Hold on to the set up
Comment: Updates - 13 November 2016:
- Trade not yet triggered
- Last day of the week continued a inside shooting star candle
- Hold on to the set up
Trade active: Updates - 15 November 2016:
- After multiple day of shooting star candle subsequent to the long shooting day fro election day, yesterday candle gap down and close lower, triggering my sell stop
- As per above, will keep holding on the trade and hopefully will reach my target soon :)
Trade active: Updates - 16 November 2016:
- Phew... this is a close one.... yesterday price started bullish and nearing my SL. Eventually the bear came in and push the price downwards and closed a bearish marobozu candle.
- In this point of writting, the price is 50 pips away from my TP. Hopefully it will realised today and not wait until Friday when Draghi is scheduled to speak.
Trade closed: target reached: Updates - 17 November 2016:
- US session push the candle to hit my TP, earning 200pips from this trade.
- Yesterday candle closed a doji similar candle at the daily support region, with lower low and close.
- However, i think it could go further down to test 1.427
- Nevertheless, i am happy with this trade :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out