$EURCAD - Looking for EUR weakness to continue. Short

Euro Fx/Canadian DollarFXCM

Description

⋅ Apr 3, 2015 5:04 PM

theworkingtrader.com

I am more neutral CAD now and still bearish EUR.

Poloz suggested rate cuts off the table. Starting to see some valid reasons why CAD will strengthen in the short term.

Oil free fall is tapering off also.

Will continue monitor.

Technical setup looks valid.

EURCAD Forex

Comments

workingtraders

⋅ Apr 16, 2015 2:44 PM

Flush it !

workingtraders

⋅ Apr 15, 2015 2:51 PM

Strong continue of downside with hawkish CAD

IvanLabrie

⋅ Apr 15, 2015 2:52 PM

tradingview.com/v/3P1fvLC9/

See my updates...time for a retracement and perfect short entry is near. Watch crude...has one more leg down.

workingtraders

⋅ Apr 15, 2015 2:56 PM

im short right after BOC. 1.32600 area

IvanLabrie

⋅ Apr 15, 2015 3:03 PM

Yeah, I don't it can even reach 1.345...but it's possible. I'll leave some orders there and monitor the lower tfs for entry. Let's do this!

IvanLabrie

⋅ Apr 15, 2015 3:04 PM

*think

workingtraders

⋅ Apr 15, 2015 3:05 PM

interested on your updated thoughts on USDJPY?

IvanLabrie

⋅ Apr 15, 2015 3:07 PM

Not the best pair to trade...usd correction is complex and might last some more.
I'm focusing on scaling in on gbpjpy, audjpy, maybe add eurjpy and cadjpy shorts soon.
USD pairs I'll try to play each swing and tp in a day or two max.

IvanLabrie

⋅ Apr 15, 2015 3:18 PM

IvanLabrie

⋅ Apr 15, 2015 3:19 PM

Took a long from 1.3133.