As in the past, price went all the way up from 1.24000 to R1 and went even above R1.
As you can see in the chart, in the past even price was making Higher lows RSI was making lower lows.
We can see that price and RSI have the same behave as in the past.
The last 3 week candles closed below S2.
One way to determine the strength of a currency is to add 2 moving averages to the charts, one set to 5 and one set to 12. If both the 5 MA and the 12 MA is pointing upwards, that means +1 and vice versa if both of the MA:s are pointing downwards. If they are pointing against each other, different direction or are flat lined, thats equals 0 as we are most likely...
We previously saw EURCAD break out of range bearish until most recent point of support by which it had completed the first potential cycle. Price still has bearish potential from which we may see price move bearish from around 1.48626 and complete the move at 1.42913.
Stoploss is about 220 pips so manage your risk accordingly.
Check out all analysis on my...
Since EUR was strong in past days now we are anticipating a sweet down move
but only for today it is not recommended to hold big positins just for
short term profit.
Note first let the price to break.
Please follow us for new hot exciting ideas!!
* This is not an investment advice just for education,
* Our work is to give you the best-est...
Euro / Canadian Dollar - Stop Loss Breakdown
The video breaks down the technical confluence factors that were taken into consideration prior to confirming my entry criteria.
Remember, there is no such thing as winning or losing in a game that has no end, there is only ahead or behind.\u2028
Finance is a never ending marathon that requires stamina, just because...
CONGRAT TO MY FOLLOWERS ON THIS WINNING TRADE AGAIN, FOR MORE SIGNAL JOIN MY FREE TELEGRAM CHANNEL, FOR PREMIUIM SIGNAL DM ME, TO JOIN MY FREE TRIAL CHANNEL, FOLLOW ME ON INSTAGRAM @HABBY_FX THEN CLICK THE LINK IN MY BIO
Entry @ 1.47700 (sell stop)
Stop loss @ 1.48070 (37 pips)
Target @ 1.47090 (98 pips)
Reward:Risk = 2.65:1
Stay tuned for the updates.
Follow and leave a like if you liked this idea and want to see more!