EUR / CAD : chart of the week

FX:EURCAD   Euro / Canadian Dollar
Last week
We went in green for 40pips, however my position closed with a few pips loss after we broke the TL to the upside.

we have a possible short set-up on the EUR/CAD:

- pair is trending down and over the last few weeks it has been taking a breath.
- on daily chart we can see a running double top formed at 1.377, looking for a short entry on the break of the CTL.
- On this 4H chart we can see a textbook Head and Shoulders pattern; for this one we are looking to get in on the beark of the neckline. Because of the strong support of 1.339 we might see a retest of that neckline.

A lot of confluences on this pair, with 3 entry options. Depending on when u entered, u want to take profits at 1.339 or 1.315 ( = added height of the head&shoulders ).

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 My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out