Hello, youraveragetrader here! :) Potential quick short. Be careful due to the bullish ascending triangle.
EURCAD just broke out of a cup and handle pattern. Cheers!
I see a triple top on the EURCAD 0.37% so I will short it my tp is still 1.4847
I see a triple top on the EURCAD so I will short it my tp is still 1.48475
Elliot Waves SL & TP = 1:4 Signal: Buy Limit - 1.49900 Take Profit - 1.52300 Stop Loss - 1.49300
A new channel has formed after the previous break out (Check EURCAD long profit taken). This is a great opportunity to short EURCAD Key Fib levels highlighted for potential profit taking
All Trade Parameters shown on the chart.
Potential cypher in the making. we can try to use this pattern for reversal entry strategy as price now in the peak.
Wait for good PA & flag before taking and short positions, ignore the buys! Trade with care!
Currency pair - EUR.CAD Chart timeframe - Daily Area of interest - 1.5057 & 1.5144 Chart pattern - Bearish Cypher Potential target 1 - 1.4935 Potential target 2 - 1.4858 Potential extended target - 1.4809
I think EURCAD will be a short, And this will happen Monday. When it brakes the green trend line of 1h, then it will fall down. I have set my tp at 1.48475 what do you guys think?
Reason:Trading Ratio1:1.5
overbought +rsi bearish divergence short 1.5030 target 1.4950 gain 80 pips
EURCAD has just entered into the GREEN CRITICAL ZONE 1.473-1.48 area. As we can see, the area got tested and retested as both support and resistance since August and earlier this year. I think this pair will go sideway in the next couple of days before deciding the next direction. What's next? If we see strong bearish candle closes below 1.473, we target 1.465...
All Trade Parameters shown on the chart. Short setup in Daily Supply. On a weekly chart we see two shooting stars in a row - Sign for reversal
If it breaks the neckline, 0,618 retrechment can be possible. It should be watched, if it doesn't break the neckline the chart can be a flag, and a continuation will be watchable
Hello everyone, we have an opportunity to short this pair towards the highlighted areas. For any questions leave a comment or DM me. Good Luck