A great sell trading opportunity in EURCAD. catch it..!!

FX:EURCAD   Euro / Canadian Dollar
Trading suggestion:
Price is in the Sell Zone (1.5565 to 1.5730), we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
  • Beginning of entry zone (1.5565)
  • Ending of entry zone (1.5730)

    Technical analysis:
  • A trough is formed in daily chart at 1.5375 on 02/08/2018, so more gains maximum to Sell Zone (1.5565 to 1.5730) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index ( RSI ) is 65.
Take Profits:
TP1= @ 1.5365
TP2= @ 1.5255
TP3= @ 1.5120
TP4= @ 1.4860
TP5= @ 1.4720
TP6= @ 1.4475
TP7= @ 1.4255
TP8= @ 1.3800
TP9= @ 1.3020
TP10= @ 1.2450
TP11= @ 1.2125
TP12= @ Free

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before that we will retest the top and than we will see....
+1 Reply
@KalyanRam, Strong DTO signal was needed, the price ignored the zone.
ML1368 ForecastCity
@ForecastCity, so its failed ? what is DTO? please update your chart if you know it is failed or still good
@ML1368, DTO (Daily Trading Opportunities) is a service on our website, which shows the trend strength of currency pairs. Usually ideas are being updated every week, if updates are useful. :)
ML1368 ForecastCity
@ForecastCity, based DTO or other thing you know,is sell still good or failed?
@ML1368, We didn't yet sell, we don't also sell right now. When we are short on a pair, it means we expect a major downtrend, it may begin in near future. For this pair, the zone may become wider in the next update, then we wait for reversal patterns and price action in it.
is it sell position stand still or analysis failed ? bcz of broke weekly resistance .
@ML1368, No strong DTO signal for Sell we had.
+1 Reply
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