IvanLabrie
Short

EURCAD: Clock is ticking...

FX:EURCAD   Euro Fx/Canadian Dollar
a year ago
EURCAD             has one more week left to reach 1.47561.
If it doesn't, it will most likely turn into a short with a 1 weekly ATR stop.

13 week CCI is showing bearish divergence, and we're close to 6.18 std deviations from the linear regression of the downtrend from high to low (figured it was an interesting value).
Rgmov is stuck in a range, not putting out any new highs while this advance lasted, which isn't particularly bullish to begin with.

I'll monitor this pair and update the post when we get the entry, for now, remain vigilant, the news today and tomorrow are of very high impact, we might get an earlier entry watching the daily and 4h charts.
The ideal first target would be a retest of the mode at 1.37066 but there's a previous mode at 1.42518 that might make the pair slow down, or reverse before reaching it, so keep that in mind when managing the position (if we ever take it).
You can try with pair trades, or directly trading the cross.

Good luck,

Ivan.
a year ago
Trade closed: stop reached
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
Yahia.Awes
a year ago
Looks good
Reply
HiTech PRO
a year ago
I think first up
EURCAD REJECTED SUPPORT
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HiTech PRO HiTech
a year ago
In fact I do anticipate the rally across CAD pairs and as you say it could be very short and strong one
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IvanLabrie TOP HiTech
a year ago
That's a lot of up, but yes.
I won't short until time's up or we get clear bearish signals in lower timeframes.
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ChetanFX
a year ago
Looks good
+1 Reply
IvanLabrie TOP ChetanFX
a year ago
Thanks, see the related ideas, this was forecasted a while back.
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Holding shorts, not much to do here.
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IvanLabrie TOP IvanLabrie
a year ago
Sorry this message was meant for my oil chart....somehow ended up here.
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tcas
a year ago
It looks like pair is not ready for downtrend. Another chance to sell I wait at 1.5000. Nice number and strong weekly trend line.
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IvanLabrie TOP tcas
a year ago
II'm predicting the top. I won't short until it's safe.
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IvanLabrie TOP IvanLabrie
a year ago
EURCAD: Potential weekly trade

EURCAD: Weekly uptrend update
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snapshot


Last visible time at mode signal on the daily expires on the same date as the weekly one.
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SharifAzadeh
a year ago
Good idea, Ivan. EUR/AUD has the same parameters and is getting ready for a +800 pips drop. High correlation
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IvanLabrie TOP SharifAzadeh
a year ago
It's mainly crude oil about to drag cad and eur down, hard.
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Downtrend expiration date is this Friday, target hasn't been reached, and price already went down, we can look for shorts in lower timeframes.
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snapshot
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EURCAD's offering us a short.
I entered, stop above the last swing high in the 30m chart.
+1 Reply
Hi jvan what is zoar view on this pair now
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IvanLabrie TOP manijeh.kazemi.33
a year ago
Euro rallied beyond belief...it's hard to stay cool about it.
I wouldn't want to short it, that's for sure. Not without a clear setup in the 4h chart, at least.
+1 Reply
EURCAD-big double top and bearish shark
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Deleted
a year ago
guess you were wrong here too bud
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