We closed a daily candle above the inverse HS for confirmation. Make sure risk/reward is 2:1 or higher
EUR/CAD has broken the 50 ema and found support on top of it. We can expect the move to continue up higher as long as the 50 EMA holds as support. First TP: 1.5295 Second TP: 1.5345 Third TP: 1.5395
strong resistance above going short Sell @ 1.5135 TP @ 1.4805 +340 pips SL @ 1.5219 -72 pips
EURCAD is in uptrend since 29th June and now at good buy level. I am expecting to go price near to 1.53000-1.53500 zone for good risk reward ratio.
Technical Analysis i) The lows at the end of May kissed the .236 fib level producing a substantially large wick, an indication that the bears are losing momentum. ii) This was followed by a strong Bullish Pin Bar which printed on the .5 fib level suggesting that the May lows (.236 fib level) had a strong potential to be a reversal for the short term. iii) We...
EUR/CAD Bullish trend pay attention in fibo level Watch and wait price action in vital price & area Write trading planing and exit planing to backup your trade if your analysis going wrong Always write exit planing first before you go in market calculate the risk according to which you are able to receive it limit your losses and let gains run
Eurcad - Weekly chart - bold call on this pair for a big swing down, although monthly chart looks neutral.
Another Trend Continuation Trade EURCAD ! Looking For An Uptrend Continuation! However, trade with caution, this pair has been eratic of late.
It seems EUR/CAD hovering to it's resistance @1.61243. Also it's breakout's it's current sell positions @ 1.59000. So it's best time to go bullish until price @ 1.61243
OANDA:EURCAD SELL Hello traders here we have strong demand zone and possible double top pattern so i sell from here, targets on the chart
with this NAFTA and Tariff outta way and EC outta the wedge..this one has the potential to go back all the way to 1.55
I was stopped out from my set up to counter trend trade this pair. Well, I'm disappointed but losing is part of trading and as long as I know how to manage my own risk on every trades, I'm ok with it. I'll keep watching on this pair if the price can break the resistance level and wait for price action on the pullback to take long position. If this pair does not...
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...
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