Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a EUR/CAD Sell. I still have another partial Sell trade on. Enjoy the day all. Cheers. Jim
EURCAD looks to be at strong resistance area and has retested that area. 75% of retail traders seem to be going long on the pair while 25% are shorting. Netherlands inflation rate YoY found that the Inflation rate was lower than their expectations which is seen as bearish for the Euro. SL:1.30835 TP:1.29401 (This is not financial advice, trade at your own risk)
Hi traders, EURCAD is setting up for a down side move watch price action on EURCAD and look for short. NOTE : My view or idea is just a technical base not combined with fundamental GOOD LUCK.
Hi guys. I'm back after two weeks. We have EURCAD's chart here and two setup for sell positions. The first setup is placed in the classic price action method and has a better risk and reward. But this position is not my preference. I prefer to open the second position because it is placed in the smart money method. You can choose any of them or both of them. good luck
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURCAD is very strong Downtrend As My indicator panels also shows very Strong downtrend. Daliy TimeFrame bearish engulfing. H4 Timeframe Bearish Engulfing And HNS H1 timeframe break of Up Trend and HNS SO on monday we will go short on eurcad
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Looking for a Short trade on EURCAD. Price looks bearish and waiting for the mitigation of the Supply Zone
after the creation of a reversal pattern '' Head and Shoulders'' and the break of the ''Neck line'' we had a pullback we can take the sell position now
Hi Traders, This is my view for this week on: - SPX500 - EURCAD - GBPCAD - GBPUSD I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
EUR-CAD broke the rising trend-line Then went up to retest the broken level and horizontal resistance at 1.31223 From where I am expecting a local bearish reaction And a move down to retest the target below 1.28979
Looking nice H & S setup . after market open looking for some reversal will go short. take your trade at your own risk.
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Update 3/09/2022 1 Structure 12: bearISH 2 imbalances : target marked 3 Current Move1/2 : impulse 4 Entry TF : h1 4.1 ETF Structure: bear 4.2 move : impulse 5 Support Resistance: Ob resistance 6 FIB: trigger event retracement excepted (fib advance) 7 candle Pattern: rising momentum (ADVANCE CANDLE STICKS CONCEPTS) 8 Chart Pattern: ll hl 9 Volume : dried...
Upon breaking the resistance it may be a change direction of the trend we could take short position with 3 TP
price creates a lower low and has complete retracement at 79% fib SELL
Bearish setup in my opinion, we will be watching tomorrow's announcement on the unemployment rate in Germany closely. After last week's shock FED announcement, the ECB should not be long in reacting to inflation that is still rising. Beware of this month of August, there is likely to be a lot of volatility on the markets. This is not financial advice but just...