EUR/CAD has been trading in an ascending channel since early January. The currency exchange rate has formed a new high during this period. The bull movement was temporarily stopped by the weekly R1 at 1.5417 and retraces south for a brief period of time. The pair is likely to breach the dotted line and move further south. Regarding the short-term, the pair...
Just entered this tade, even though it doesn't have a good profit/loss ratio. Again yellow shaded area may have some resistance to the price but with the major announcements tonight, the price may probably goes up.
watching for a break of the CTL for potential longs, a break of the channel & support to the downside I will look for shorts
The strength of bear is still pretty strong. It is currently too late to short but it is still early to long 1.515 zone will be easily reachable. Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should...
i feel this pair has just finished its corrective wave whilst pinging off the 38.2 fib. higher highs expected for a nice trade
Two simple order buy stop and a sell stop to trade today. Good ratio risk/reward. In these trades after one order will be hit, we are moving our SL to BE (break even) after two candles.
Watch for possible breakdown
EURCAD, will it respect the trendline and support, we will see.
Currency Pair: EUR.CAD Time Frame: Daily, 4hr, 1hr & 5min Predicted Direction: Long Live EUR.CAD updates will be available in the comments section below. The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity. Should my daily predicted...
Entry : 1.5180 SL : 1.5260 TP : 1.50 Risk reward : 2.25 Potential : 180 pips Risk : 80 pips
Riding the bullish oil and CAD lately. Setting up sell stop order few pips below S1 with TP @1.47 and SL between S1 and base pivot lines. Daily: Weekly: Confidence: B (because of geopolitical risks related to oil)
Break of Resistance indicating buyers coming in this market Stop Loss 1.496 TP 1.535