FX:EURCAD   Euro / Canadian Dollar
62 0
An opportunity to sell this pair as it's broken through a support line during a downtrend. The 4 hour chart is showing strong bearish price action and I believe the pair will head down to the next structure low and support area . The other possibility is that when markets open, price could come back up and head towards upper resistance line. However, on the 1 hour chart, price broke upper dotted trend line , formed a spinning top , came back up to retest putting in a small bullish candle which was engulfed by a bearish one thereafter.
Comment: Trade was actually taken in the upward direction when markets reopened towards upper solid trend line.
Trade closed: target reached: Target reached for 151 pips. Happy with trade and also happy that I anticipated the move up instead of down when markets opened.
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
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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 Get Help Ideas Published Followers Following Private Messages Chat Sign Out