FullTimeTrader
Short

EURCAD-pullback to EMAs and trendline resistances

FX:EURCAD   Euro Fx/Canadian Dollar
849 17 14
I expect more weakness on all EUR pairs, especially here because all commodity currencies will continue to get stronger and the OIL             seems to be starting a rally.

Details on chart.

Regards.
Trade closed: stop reached
great to hear... I am in that oil trade...
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FullTimeTrader webmiztriz
good luck !!, i missed the oil trade because my broker does not offer that commodity anymore
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I'm long. I think it's a long term long setup actually.
If target #1 here is hit I'll add.
Target #2 looks like a stretch.
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FullTimeTrader IvanLabrie
Thanks for sharing, i think this is just a pullback looking at W1 and D1 charts (not showing them). Regards.
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IvanLabrie PRO FullTimeTrader
Pullback in the larger uptrend?
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FullTimeTrader IvanLabrie
From my point of view the downtrend started from 1.55000
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IvanLabrie PRO FullTimeTrader
I see. Looks like a correction to me, but well.
We'll know soon enough.
Good luck!
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FTT,

So, in Simple terms. Where should we short with Target. At D1 support ?
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FlameBlazer FlameBlazer
I Clicked on the Rectangle bar and it did show me the R&R . Thank you
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FullTimeTrader FlameBlazer
Hello, the targets are clearly shown on chart. But every trader could manage targets may differente ways. Regards.
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Thanks fulltime
snapshot
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FullTimeTrader manijeh.kazemi.33
Nice count! same view. This pairs likes zigzags so the ABC is right now my prefered scenario. Regards.
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there are two scenarious for eur cad
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FullTimeTrader manijeh.kazemi.33
I doubt the EUR will rally according to my technical long term analysis. I dont now how the EW count will unfold but will focus mainly on shorts. The fundamentals also counts (more EUR QE coming and OIL bottoming).
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the bearish idea would be confirmed if the rate breaks below 1.4548
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we can test that?
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