On Tuesday I mentioned that the EURCAD was likely to remain soft below the 1.4380 handle. This level is the 2011 high and has been a significant influence ever since. It’s also the 50% retracement of last week’s bearish engulfing pattern.
With this in mind, I was intent on waiting for a sell signal from the 1.4380 area. And given the relief rally so far this...
Hope you had a great weekend. We have an opportunity to sell soon in EURCAD.
As soon as we get the breakout look for any flag to sell for a pontential bearish impulse.
Keep an eye on it.
Espero que hayáis tenido un buen fin de semana. Pronto tenemos una gran oportunidad de venta en EURCAD.
Así como se produzca la ruptura de la...
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
this is another chance to get involved in a shorting opportunity given by a 2618.
Here we have a double top at a previous daily resistance level (black line) and near to a psychological number (1,49000); by breaking the double top in a downward direction price is giving us reason to believe that the trend is now reversing.
The pullback is beyond the .618...
Here we have a nice bearish bat pattern setting up. RSI is almost at overbought conditions so I will be looking to get short with this pattern just below the 0.886% retracement.
Good trading :)