at a poss support for long to a great possible level for a short at 38.2% fib & previous S/R & liquidity/stops to be taken before entry
The EURCAD has been trading inside this massive channel since the beginning of Dec. We have a run towards resistance right now. The recent push up has 'not' consolidated making a bounce near resistance more likely. I will wait for the pair to get close to resistance (top of the channel), then sell with a stop 20 pips above the channel and a target near the...
FX:EURCAD Safe Trades;
The EUR.CAD is one currency pair on this evenings watchlist. Once my entry criteria has been met we will set a sell stop order and await a clear break.
It broke through resistance, could be a quick opportunity to short for the short term.
On the EUR.CAD 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup. The price reversal zone on this pair is between 1.4031 & 1.4053 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Bat setup placed at the .382% and .618% retracement of...
still is downtrend. h1 gives good possibilities to open sell with a little S/L
this pair has broken trendline we look for a retest of that trend line and then going short on this pair to support area of 1.38xxx
IT LOOKS LIKE A BREAK OUT AND IT RETESTED THE TRENDLINE SO I AM WAITING IT ON THE SUPPORT ZONE TO HIT TP @1.38700
Eurcad trading around 1.3970 strong resistance above 1.41 if hold below 1.41 we can see drop toward 1.38-1.3830 breakage of 1.38 may call for 1.35-36 Advice sell in range of 1.3970-1.4060 sl above 1.4150 tp 1.3820-1.36