Kumowizard
Short

EURCAD - Bearish, or just another bear trap?

FX:EURCAD   Euro Fx/Canadian Dollar
64 2 4
Weekly:
- Ichimoku setup turns bearish again, as Price breaks back below Kijun Sen. However we have to be careful where and how we open shorts, as all long term averages (Tenkan, Kijun and future Senkou A and B lines) stay together between 1,3750 - 1,3870.
- Heikin Ashi gives bearish signal (however the week has just started)

Daily:
- Ichimoku setup back to neutral. Major bearish trendline held, minor bullish trendline broke. Price is at support/resistance now at future Senkou B (Kumo)
-Heikin Ashi is bearish again

It looks like a sell again, but we have to try to sell it on spikes and we need some confirmation later as well. So be smart with entry points and sizes, volatility will be more extreme in coming days.

Another reason not to build a huge size at once is that as last time it proved to be false bullish , this time it can become a bear trap too.

Anyway, if I had to chose short EUR, I'd rather do it against CAD than ag USD.
MaryJane
a year ago
thx for sharing
EURUSD with big bearish FLAG?

snapshot
Reply
Kenyanpiper
a year ago
i have just entered short after closure of H1 pinball at sloping resistance. fingers crossed
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out