IvanLabrie
Short

EURCAD: Clock is ticking...

FX:EURCAD   Euro Fx/Canadian Dollar
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.
Trade closed: stop reached
guess you were wrong here too bud
Reply
Hi jvan what is zoar view on this pair now
Reply
IvanLabrie PRO manijeh.kazemi.33
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's offering us a short.
I entered, stop above the last swing high in the 30m chart.
+1 Reply
Downtrend expiration date is this Friday, target hasn't been reached, and price already went down, we can look for shorts in lower timeframes.
Reply
Good idea, Ivan. EUR/AUD has the same parameters and is getting ready for a +800 pips drop. High correlation
Reply
IvanLabrie PRO SharifAzadeh
It's mainly crude oil about to drag cad and eur down, hard.
Reply
snapshot


Last visible time at mode signal on the daily expires on the same date as the weekly one.
Reply
United States
United Kingdom
India
Deutschland
España
France
Việt Nam
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
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 Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out