EURCAD Is Bearish Short

Euro Fx/Canadian DollarFXCM

Description

⋅ Mar 30, 2018 7:02 PM

EURCAD has given us confirmation that price is now headed to the downside. Wait for the breakout before entering short. First target is near the 1.51700 area.

Comment

⋅ Apr 7, 2018 9:44 AM

Trade closed: target reached

⋅ May 14, 2018 4:38 PM

Comments

RamisBatku

⋅ May 14, 2018 8:06 PM

You are one of the best trader here i mean your wievs are BEST thanc you (y)

DylanMorgan

⋅ May 14, 2018 8:15 PM

@RamisBatku, thank you, I am glad you value my content. Good luck in your trading.

sonalisingh

⋅ Apr 7, 2018 10:21 AM

Good job ! Yes its a good h&s

DylanMorgan

⋅ Apr 7, 2018 2:03 PM

@sonalisingh, thanks Sonali

DylanMorgan

⋅ Apr 3, 2018 5:27 PM

@jjohnsonjai, I hope you took my advice not too go long on this pair.

jjohnsonjai

⋅ Apr 4, 2018 5:25 PM

@DylanMorgan, I knew you were right the moment I saw the close of last weeks weekly candle.

Thank you.

jjohnsonjai

⋅ Mar 30, 2018 10:25 PM

I can see that. I'm going long for the short term. But I can see this pair dropping afterwards.

DylanMorgan

⋅ Mar 30, 2018 10:32 PM

@jjohnsonjai, there is a probability for price to correct to the upside but I would advise to stay away from any long trades even if in the short term. You have less risk shorting the pair because the targets are significantly bigger.

jjohnsonjai

⋅ Mar 30, 2018 7:31 PM

Is there an other confirmation besides this trend line?

DylanMorgan

⋅ Mar 30, 2018 7:56 PM

@jjohnsonjai, It looks like there's a head and shoulders formation, there is a flag after the break of the trendline, bearish price action and price has touched an important trendline on the monthly/weekly timeframe.