anilmangal
Short

EURCAD sell setup

FX:EURCAD   Euro Fx/Canadian Dollar
14992 100 375
Hi Guys after today's conversation, which I really enjoyed, since it was constructive criticism. I have learned that most traders wants:
1) Short term trade setups
2) More details
3) Updates.
Thanks I will try my best.
This chart has two possible trades , i am first looking for a short term sell then close and look for reversal. watch the colour of the arrows to help understand the patterns i am looking at.
You will still have to use a strategy you have tested to take the trades and please use good money management.

If you appreciate the setup please show it . If you have a different setup on the SAME time frame post it in the comments. Please limit the comment post to ONE chart. I may not be able to answer all the questions in the chat but I do appreciate your time and support.
Remember that i am not always in all the setup that I post, because if i do I will over risk and I won't do that.
I will try to follow up on the post as often as I can.

Trade with care.
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Comment: The sell is over let's see if we get the buy now.
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Comment: Hi Guys, as promised I am posting all the follow ups on this chart to show how wave works. So far it is moving as forecasted. This move up could change the structure slightly if it makes one more down side after hitting the pattern line. If that happens I will post up date. Buying the breakout on the 60 and and moving stops to BE at the top of the pattern looks like a good idea.
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Comment: I am expecting it to break out but we will see.
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Comment: So finally it looks like the up move is in the making, we waited a while for this one ,but structure seems to be working!!
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It came right back in the consolidation zone. Should we close ? hmm
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perfect chart
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good!
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is it a good idea to sell EURAUD?
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thanks Anil, hope to see the up move soon...
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The 240 T/F sure is a buy Anil.
The daily is a sell.
The markets have doubled their Bid/Ask and swaps today, so I will not be trading until Friday.
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Hi Anil, would like an update on this pair and see if your view has changed with the recent price action, thanks
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