- EURCAD might be forming a retest at our supportive zone (ex), all the setups are described at the analysis.
- EURCAD a formar um possível retest na nossa ex zona de suporte, todos os setups possíveis estão descritos na análise acima.
Welcome to our weekly trade setup ( EURCAD )!
Very bullish price action and takeout.
Expecting another push to the downside taking out several long holders.
Overall bullish market turning right now, good short entries!
ENTRY LEVEL @ 1.54650
SL @ 1.55330
TP @ 1.53640
Max Risk. 0.5% - 1%!
(Remember to add a few...
EURCAD this week has rejected the weekly resistance and now we are looking for a sell entry which might occur after the price breaks and retest this consolidation.
We need to consider that if price breaks above the consolidation ,it might just retrace to fibonacci levels and still continue to the downside.
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money...
EURCAD reversed off its resistance at 1.57291 where it could potentially drop further to 1.56199.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURCAD has hit the KEY LEVEL where it also reversed before multiple times if you look in the D1 Chart, wait for Bearish price action to confirm and place SL Just above the Key Level Shown in this Snippet.
PLEASE NOTE : This is Just personal preference I will not be responsible for any loss.
Tell me your views on this in the comments.
Been short in this pair, after all this bullish movements I believe euro starting big downtrend, has been in accumulation phase for more than 4 months creating a bullish sideways movement overall, but this usually its bearish in Long term
Oil Bullish / Cad bullish, Euro Last push on Monthly chart (EURUSD) , still downtrend on Monthly chart
welcome to a new free trading-setup.
NOTICE: This is meant to be a preparation for you. As always we need to wait for a confirmation!
Stop-Loss: 100 pips
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Last week the pair was pretty strong, and even broke some support levels, but seems the buying threshold has been met something like that , the buyers are lossing strength.
So this week i will be expecting a good bearish trend for this pair but also expect some pillbacks.
Have a profitable week traders