⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
Intraday signal, price is overbought. Touching the strong resistance zone, there is not much important related news yet. Can set up SELL signal
⭐️ SET UP EUR/CAD PRICE:
🔥SELL EURCAD zone: 1.48820 - 1.48920 SL 1.49300
TP1: 1.48520
TP2: 1.48320
TP3: 1.47920
⭐️ Technical analysis:
Based on...
We have 2 trades going on right now on the eur/cad and gbp/cad. Both are showing signs of weakness and broke key support levels. Looking for both to continue to the downside.
We entered this trade yesterday based on the daily close. Based on factors that lead to this trade was following our trading plan. Follow the daily trend, look for strong 2 or 3 bar candlestick setup, and took reasonable risk.
Short play at 1.4289. Daily trend is down. Price is hitting resistance EMA with a bearish engulfing pattern. Look for price to drop substantially from here.
After FOMC, markets are slowly digesting the outcome. Now we should begin to see the markets move again. EURCAD is very bearish on the daily. I am expecting more downside on this pair.
EURCAD has started to fall after making double top at 1.47 level. I expect the pair to decline further to hit the first target at 1.4562, followed by next target at 1.4460. SL can be placed on the tip of the pattern at 1.4716.
As we can see this market has formed a long term H and S on weekly and broken neckline and support level near 1.48782, we will be interested to sell it once it pull backs towards this weekly broken support. safe trading!
Last idea attached below is about buying EURCAD. Yesterday we have on it 1 SL and 1 price movement near 80pips. Who closed profit - are good boys :)
Today price closed below buy level (1.5053 and 1.5077) so we trying to sell this pair.
Open sell position on EURCAD - 1.5053
SL - 1.5068
TP - 1.4906
RRR - 1:8.3
Risk reward ratio certainly is too big to be taken....
On the 4hr chart on eurcad we see a bearish butterfly has formed. A shooting star has formed to validate that the bulls have weakened. Look for perfect entry point and short this pair. Use proper money management. cheers
