Counter Trend Trade. My idea is to trade the pullback at least to the first bear fractal on the 4H chart. Daily chart shows a big bullish candle and the price may still goes up touching the top line of the resistance level. My psychological resistance level is based on the resistance level in 2016 previously. Why I take this trade is because the inverted hammer is...
Pending Long @ 1.5480 Stop Loss @ 1.5400 Target @ 1.5650 RR Ratio @ 2.12 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Short eurcad due to overbought in many time frame and also EUR Outperform compared tp all the data that he got this mast days especially for Inflation. And cad i think he little underperform all currencies so i make this trade in short for a small legit pullback enter at 1.5445 target a pull back to 1.5370 but can go more deep,but i prefer stay on this cluster...
Small pull back, I think it will go up 30M
EURCAD has been forming Lower Lows and Lower Highs and has retraced to the 61.8 Fib in the 4hr time frame great opportunity to go short
i SHort the eurcad i found cad is undervalued and i see nor eason why eur still strong the eu cpi was just in line with expectation and core cpe missed expectation 2 ifo this morning was bad..he up just because of risk sentiment and speculation same as gold short at 1.5251 target 1.5133 sl 1.5315 gain 152 SL =64
overbought +rsi bearish divergence short 1.5030 target 1.4950 gain 80 pips
i see abullish Rsi divergence in h1 he is oversold in h4 CAD got power on a Saudi topic and the big bullish WTI,Brent but i think he will habe a pullback as also wti and brent are overbought and the reality will come after speculator. enter at 14775 target 1.4870 gain 105 pips
Like i explained in the chart, one more down move is possible.
Hey guys a new idea about EURCAD A new chance to get wave 3 and Wave C
i can see a small bearish divergence in some timeframe. The wti is strong since 3 day but Cad weakness so ??? anyway a small corection intraday is legit as is aoverbought is lany indicator and time frame too Also the dxy need to rebound and so is the euro who should down the most short at 1.4830 Target 1.4786 is a short rade intraday for 44 pips so hurry to...
just a simple view of eurcad in H4 in the wedge formation and the question will he going to go touch the top of the wedge ? will have it enough power for do it even is not very far ?
Our preference: lighten as long as 1.4707 is stopper with 1.4491 as objective. Alternative scenario: the overflow of 1.4707, will validate an increase over 1.4785 and 1.4832. Comment: The RSI is below its neutral zone of 50. The MACD is positive and below its signal line. The MACD must press the zero line to confirm a continuation of the drop. In addition, prices...
After the huge decline of the Euro and Loonie Forex pair, it has formed a consolidation on lower time frames showing that it may continue its decline later on with the formation of a descending triangle.