EURCAD-broke and bounce from 1.4000

FX:EURCAD   Euro / Canadian Dollar
251 8 10
A nice simple technical setup, the price broke the 1.4000 level, did a pullback and now is bouncing from it.
We have also the trendline acting as support.
Best regards.
Good, it seems we are at the same page. Have a great weekend guys
Anyways you have a buy EC and sell EN... When their correlation is 90% most of the time on the D1 timeframe...
FullTimeTrader PriceActionTrading
You are right, its risky and i can be stopped out, the EURNZD idea is based on the assumption that the NZD will recover very quickly next days (and the EURNZD will go down). Thats why i took the NZDJPY counter trade and so far with profits.

+1 Reply
PriceActionTrading FullTimeTrader
Very likely. Im holding NZDUSD long too. Im seeing confirmed reversal on NZDUSD.
FullTimeTrader PriceActionTrading
We are on the same train on NZD, good luck!!
+1 Reply
Hi, very nice.
But the way i see it is, inside bar D1 with RSI divergence. Showing indecision, with possible short term down move.
FullTimeTrader PriceActionTrading
Hello, the way i trade it, the inside bar is a pullback and i expect the next bar to be a big bullish candle. I see no divergence on RSI or is very weak. Off course tomorrow i will close all EUR positions.
+1 Reply
PriceActionTrading FullTimeTrader
Yea. I understand, a D1 close above 1.4000 is significant too. Lets hope it can maintain a close above 1.4000 on the W1 scale.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out