FX:EURCAD   Euro / Canadian Dollar
6851 36 199
So no one can forecast the charts? OK, keep beveling that it's not possible or learn to do it, use the amazing tool that has a high percentage accuracy .
Click on the chart pinned , and you will see how it works.
Trade with care
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Comment: As promise I am posting the updates
Training : add to skype mangal457
That's brilliant!
+1 Reply
anilmangal Mutant2015
Possible update on this pair please Anil? USD/CAD broke below so will this follow?
Here's an example of why technical analysis is fallible.The example is on Gold.However as a trader we have to to understand what is behind the moves on the chart.And yes,you have to be careful with fundamentals as well.Like I said before,we are in markets that have and are being totally manipulated.Don't believe me though,listen to the former head of the Dallas Fed.If that's not enough,Central Banks have been intervening in free markets for quite some time.So,what does it mean?It means that it is very difficult to establish " true price discovery and true value" because we are no longer in free,democratic markets.Manipulation is rampant.When you have for example both The United States Treasury Department and The U.S. Federal Reserve coordinating their massive trading desks with unlimited margin,then beware and be careful.Understanding Central planning is something to keep in mind and very important.
anilmangal RobertHerdman
@RobertHerdman , one word "postmortem" and that is the problem for all fundamental traders. They know why , when they have already lost their account. Check my gold analysis and you will learn something. Basic technical analysis is NO GOOD. I don't use then , no MA's, no S&R, no Pin bars, NO BS!!! it's all about reading the charts, understanding the way the markets behaves (because everything, be it new, manipulation or any other factor it is all built in the chart.)
+3 Reply
nice analysis. been watching for the same thing. just got in on the triangle break to the upside
+1 Reply
radraziel dasnakepit
Can you give us an idea at what price should we enter?
dasnakepit radraziel
enter now at market and put stop loss below triangle support
dasnakepit radraziel
enter right now put ur stop at 1.4739
dasnakepit radraziel
its an 8 pip stop loss... we might get stopped out. if so, we will wait until next week for a short term breakout.
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