FullTimeTrader
Short

EURCAD-W1-bearish cypher complete

FX_IDC:EURCAD   EURO / CANADIAN DOLLAR
419 9 7
The market is very volatile today. Just interesting, here we can see a nice confluence of bearish signals.
After a strong rally the EUR is overbought and OIL             possible bottoming, so this pair has a strong bearish potential.
We have:
- a bearish cypher already at play
- bollinger band duplication
- middle of channel duplication
Lets see what happens. This is for my journal, i will come back to this chart in the future.
According to the cypher rules the SL should be above the X point.
Regards.
SharifAzadeh
a year ago
With this mad market, I don't think EURO has any chance of going down anytime soon.
Reply
That's a huge SL!
I suspected a similar outcome here, very dangerous right now but worth following the progress it makes.
Reply
FullTimeTrader IvanLabrie
a year ago
You are right! im not trading this one because im already short on EURUSD
Reply
IvanLabrie TOP FullTimeTrader
a year ago
EURCAD: Clock is ticking...
Reply
SharifAzadeh
a year ago
Well, EUR/AUD re-conquered its 2014 top. I expect the EUR/CAD to do the same. Very high correlation
Reply
FullTimeTrader SharifAzadeh
a year ago
Hard to say now. The EURAUD seems to be making a false break (expanded flat) and this big cypher should do its work. We should not discard the bearish scenario yet. This is not a setup, just for my journal.
Reply
SharifAzadeh FullTimeTrader
a year ago
What false break?
Reply
FullTimeTrader SharifAzadeh
a year ago
Forget it, today monday the market is even more crazy, better to stay aside until dust settles. By the way, this pair is respecting last highs so the cypher is still working. Just interesting, im not taking this trade.
Reply
KVE PRO
a year ago
I was watching this too, I agree with you, too risky at the moment to act upon, more upside possible imo...
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